Signet hires new chief financial officer

Ernest Jones Q3 sales were impacted by the reduction of Rolex in stores.

Ron Ristau to replace Walker Boyd as Signet veteran retires in June.

Signet Jewelers has appointed Ron Ristau as chief financial officer, replacing Walker Boyd who will retire on June 25.

Ristau will start his new role on April 15 and will be based in Akron, Ohio in the US. Ristau will replace Boyd, who has worked with Signet for 18 years.

Ristau said: “Signet is a great company that has established itself as one of the leading retailers in both the US and the UK. It has succeeded by focusing on the basic retail disciplines, and has a great culture of excellence in execution and continuous improvement. I very much look forward to working with everyone at Signet.”

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Ristau joins Signet from US women’s fashion retailer New York & Company, where he has worked for the past ten years, most recently as president, chief financial officer and director. During his time at New York & Company, he was a leader in the private equity and management buy-out of the company from The Limited in 2002 and played a leading role in its subsequent initial public offering on the New York Stock Exchange in 2004.

Previously Ristau, who is a certified public accountant, has also worked for Revlon, Playtex International, United Technologies Corporation and Peat, Marwick Mitchell & Co.

Signet chief executive Terry Burman said: “We are delighted to have recruited such a strong candidate as Ron to be Signet’s CFO. His detailed hands-on retail experience, as well as his time as the CFO of a NYSE listed company, means he brings valuable experience to Signet.”

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