For Jack Ma, executive chairman of Alibaba Group Holdings, today is an extremely busy and lucrative day because the company he founded 15 years ...
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.
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.