Blue Nile (NILE)said last month that its CEO Diane Irvine resigned, providing no explanation for her departure.
Vijay Talwar, senior vice president and general manager of its international business, was named interim CEO. The company is currently seeking Irvine's successor, with the search being led by Chairman Mark Vadon.
Irvine had been with Blue Nile since the company was founded more than a decade ago, serving as chief financial officer before assuming the CEO post.In its third quarter, Blue Nile's earnings fell short of Wall Street's estimates, sending shares free-falling nearly 20%. While the online jeweler's sales rose 11% to $75 million, the rest of the report didn't look so hot, with profit plunging 32% and the company offering a weak outlook for the end of the year. >>To see these stocks in action, visit the 6 Retailers Banking on a New CEO in 2012 portfolio on Stockpickr. - Reported by Jeanine Poggi in New York.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV