Blue Nile (NILE), the online retailer of diamonds and diamond jewelry, announced on Monday that chairman and founding director, Mark Vadon, will be stepping down with effect from Dec 31st2013, having headed the organisation for 14 years. While president and chief executive of the company, Harvey Kanter will chair the board, the board will continue to have a lead independent director. The exit of the founder seems to be an amicable one with the statements of Kanter loaded with laurels for the legacy started by Vadon in the 90’s.
Below is the 2 year price movement for the Blue Nile stock.
Source: Blue Nile stock chart by Amigobulls
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