Ed Hrabak

Zale President and CEO Theo Killion and most of his top team are leaving the company in a dramatic Signet corporate reshuffle that includes bump-ups for longtime execs Mark Light, Ed Hrabak and George Murray, and the resignation of Signet's chief financial officer. George Murray, the former Sterling marketing vice president who has held the title of chief integration management officer since May, will replace Killion as president of the Zale division, which includes the assets of the former Zale Corp.: Zales, Gordon's, Piercing Pagoda and Zale Canada. Zale will continue as a separate division.

Akron, Ohio -- Sterling Jewelers said Thursday it has named Ed Hrabak, senior VP merchandising, as COO to succeed Bill Montalto, who is retiring from the position in June. Hrabak has been with Sterling for over 25 years, assuming increasingly greater management responsibility during his tenure. Sterling also announced that Stuart Lee, VP merchandising, will be promoted to senior VP merchandising upon Hrabak’s promotion to COO. Dawn McGuire, VP mall merchandising, will be promoted to VP merchandising, replacing Stuart Lee in that role.