July 6, 2009, 12:00 AM

Multichannel jeweler Zale drops chief e-commerce officer

On June 25, Zale entered into a separation and release agreement with Steve Larkin, the now former executive vice president and chief marketing and e-commerce officer. Larkin receives a generous severance package that spans 18 months.

Katie Evans

Managing Editor, International Research

 

On June 25, Zale Delaware Inc., a wholly owned subsidiary of Zale Corp., entered into a separation and release agreement with Steve Larkin, the now former executive vice president and chief marketing and e-commerce officer.

As provided in Larkin’s employment security agreement, he will receive severance pay of $651,693, to be paid in equal amounts over an 18-month period. Under the terms of the employment security agreement, Larkin has agreed to certain non-competition and non-solicitation provisions for a period of 18 months.

Zale did not immediately return a call for comment on Larkin’s departure, nor did it provide comment on who is now filling the role of e-commerce chief.

Zale is No. 185 in the Internet Retailer Top 500 Guide.

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