Blue Nile Loses Head of Merchandising & Diamond Supply

Retail

Published: May 16, 2012 1:58 pm

Last Updated: April 27, 2020 5:48 pm

Blue Nile Inc. (NASDAQ: NILE) is losing a key member of its merchandising team. The online jewelry, diamond, and raw stone destination has a filing with the Securities and Exchange Commission showing a “Change in Directors or Principal Officers.” While this is not the CEO nor the CFO, the retirement announcement is pertaining to Senior Vice President Sue Bell.

What makes this position important is that Bell currently oversees the merchandising, planning and diamond supply functions for Blue Nile. This is probably not a “three people in the world can do this” position as far as the company is concerned, but any transition in this function could create a disruption if changes in procedure and policy are made.

Blue Nile noted that Ms. Bell has been with Blue Nile since September 2001. The company also said in the filing that it has already initiated a search for a new executive who would be in charge of the functions around merchandising, planning and diamond supply functions.

Shares of Blue Nile are not reacting negatively to the news but this stock can have a bit of a cult following. Shares are up 3.6% at $30.09 against a 52-week range of $25.59 to $50.41.

JON C. OGG

Are You Ahead, or Behind on Retirement? (sponsor)

If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: are you ahead, or behind on your retirement goals?

Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With SmartAsset’s free tool, you can connect with vetted financial advisors in minutes.

Why wait? Click here to get started today!