Zale Corp. Names Betsey Burton CEO


July 24, 2006

Zale Corp. Names Betsey Burton CEO

Zale Corp. today named Betsey Burton as its permanent CEO and president. Burton has been acting chief of the company since February after former CEO Mary Forte resigned in January.

The company said it conducted a comprehensive search for a new executive before offering the job to Burton permanently.

"Betsy has done a superb job running the company since February," says Chairman Richard C. Marcus in a statement. "Under her leadership, we are moving forward with a customer-centric strategy that leverages our fundamental strengths to regain market share, improve profitability and create value for shareholders. Betsy is an experienced executive with an outstanding record of leadership and a deep knowledge of Zale."

"I'm excited about the opportunity to continue the work we've begun," Burton says in a statement. "We are already seeing tangible evidence of progress across all brands, and I look forward to building on that momentum through the important holiday season, while laying a foundation for long-term success."

Burton has served on Zale's board since 2003. She is the former CEO of Supercuts, PIP Printing and the Cosmetic Center. She also serves on several public company boards, including Staples, Aeropostale and Rent-A-Center.



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