Blue Nile: The Reins Change Hands

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.
Blue Nile stock chart
Source: Blue Nile stock chart by Amigobulls

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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