World Gold Council Appoints Calnon; Barlerin Retires

May 20, 2004

WGC Appoints Calnon; Barlerin Retires

The World Gold Council named John Calnon as managing director, United States. He succeeds Michael C. Barlerin, who retired from his position of managing director, Americas. Calnon's appointment is effective June 1.

John Calnon rejoined the WGC as director, international jewelry, in March 2001. He came from QVC where he was vice president of jewelry, having led the electronic retailer to a leadership position in fine jewelry sales. Prior to joining QVC in 1996, Calnon spent six years with WGC directing the trade development programs. Calnon will direct a three-year strategic program with leading retail partners to boost gold jewelry sales and market share in the U.S.

"I congratulate John Calnon on his appointment as Managing Director, U.S. Market," says James Burton, chief executive of WGC. "John brings with him both significant and relevant experience, as well as a knowledgeable leadership position in the jewelry industry. He will drive our 'Speak Gold' communication to boost gold demand in this key consumer market."

Barlerin has been the senior WGC executive in the Americas for 16 years, during which he played a key role in driving WGC programs to increase gold demand. Barlerin joined WGC from American Vision Center, the retail optical chain, where he was president and CEO. Before that, he spent seven years with Zale Corp., holding a number of management positions before being appointed senior vice president, director of marketing.

"Michael Barlerin has made an invaluable contribution during his time with the World Gold Council, helping to steer the team in its quest to forge strong and enduring relationships with both trade and retail partners and working to execute our strategy throughout the region," says Barton. "Going forward, I am delighted that he has agreed to continue to work with us in an advisory capacity."

As part of the changes in the New York City office, Rick Bannerot, vice president, US jewelry advertising, left the company after four years with WGC. Prior to joining the WGC, Bannerot was at Rolex Watch USA Inc. for 12 years, where he was assistant vice president, advertising & event marketing.

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