May 12, 2008, 12:00 AM

Online jeweler Blue Nile hires its third chief financial officer in a year

Marc Stolzman spent 13 years at Starbucks before taking a CFO position with energy company Imperium Renewables. Blue Nile’s previous chief financial officer left March 31 after six months, and the previous hire changed his mind before starting.

Hoping the third time will be the charm, online jewelry retailer Blue Nile Inc. has named Marc Stolzman as chief financial officer, making him the third CFO hired by the e-retailer in less than a year.

Stolzman spent 13 years at Starbucks Coffee Co. before taking a CFO position in March 2007 with energy technology company Imperium Renewables. His positions with Starbucks included senior vice president of finance and business development of Starbucks Coffee International, CFO of Starbucks Japan and vice president, North America finance.

"Marc`s depth of financial and international experience and his strong record of delivering results in a growing consumer business are tremendous attributes that will help to drive our mission of being the world`s premier diamond and jewelry retailer,” says CEO Diane Irvine, to whom Stolzman will report. As CFO, Stolzman will be responsible for all aspects of Blue Nile`s finances, including accounting and financial reporting, financial planning and analysis, tax, treasury and investor relations.

Blue Nile’s previous chief financial officer, Robin Easton, resigned March 31 after six months in the position. Blue Nile, No. 48 in the Internet Retailer Top 500 Guide, announced last June hiring Scott Devitt for the position, but Devitt changed his mind before starting the job.

Darrell Cavens, senior vice president of marketing at Blue Nile, will be speaking at the Internet Retailer Conference & Exhibition, June 9-12 in Chicago, in a session entitled My problem and how I solved it.


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