Zale Names New President and CEO

In a surprise move, Betsy Burton, 54, who was named interim chief executive officer of Zale after Mary Forte resigned in February, now holds that job permanently. Before becoming interim CEO, Burton was a member of the Zale board of directors for three years. She has a reputation as someone who turns around troubled companies and previously served as CEO of Supercuts, PIP Printing and Document Services, and Cosmetic Center as well as interim CEO of Tower Records and toysrus.com. She has also served on the board of Staples and Rent-a-Center. In a statement, Zale chairman of the board Richard C. Marcus said Burton had done a “superb job” in her six months as interim leader and had improved profits and market share. Burton had previously told analysts in a conference call she wasn't interested in the job. But “as she became more involved in the company and looking at the opportu
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