Leonard is New Zale President

January 6, 2005

Leonard is New Zale President

Zale Corp. appointed Paul G. Leonard as the new president of Zales Jewelers. Leonard joins Zales from the company's Piercing Pagoda brand, where he held the position of president, Piercing Pagoda, since January 2002. He was largely responsible for implementing new merchandising and direct sourcing initiatives at Piercing Pagoda that have fueled the brand's strong performance. Leonard joined the company in 1994 as president of corporate merchandising and later became president of Bailey Banks & Biddle Fine Jewelers. Leonard replaces Pamela Romano.

"Paul is a talented merchant with a proven track record that includes the successful turnaround at Piercing Pagoda," said Zale CEO Mary L. Forté. "Now his leadership, experience and energy will be used to help us achieve our goals for Zales Jewelers."

Gil Hollander, merchandise manager for Piercing Pagoda, has been promoted to replace Leonard as president of Piercing Pagoda.

by Michael Thompson

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