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Microcap & Penny Stocks : Samuels Jewelers (SMJW) -- Ignore unavailable to you. Want to Upgrade?

To: leigh aulper who wrote (15)	4/1/1998 8:50:00 AM
From: leigh aulper	Read Replies (1) \| Respond to of 29

Will the shareholder get anything??? Barry's Jewelers Inc. Announces Promotion of Randy McCullough to Chief Executive Officer LOS ANGELES--(BUSINESS WIRE)--March 31, 1998--Barry's Jewelers Inc. Tuesday announced that Randy McCullough has been promoted, effective immediately, to the position of chief executive officer. McCullough replaces Samuel J. Merksamer, who has served as Barry's CEO since Feb. 14, 1997. Merksamer will be leaving Barry's to pursue other opportunities. ''Sam assembled one of the finest management teams in the jewelry industry and led that team through a successful holiday season,'' said William Eberle, chairman of the board of Barry's Jewelers. ''Based on the efforts of Sam and this management team, Barry's has now been successfully repositioned as a mainstream jeweler and is in a position to emerge from Chapter 11 as a healthy company.'' McCullough was recently promoted to chief operating officer, on Jan. 22, 1998. ''I look forward to assuming the position of CEO of Barry's, one of the pre-eminent retail jewelers of the United States,'' said McCullough. Prior to his promotion, McCullough served as the senior vice president of merchandising for the company. Before joining Barry's, McCullough served as the president of Silverman's Factory Jewelers, with headquarters in El Paso, Texas. Under his guidance, Silverman's grew from an unprofitable seven-store ''mom-and-pop'' operation to an 18-store professionally managed enterprise doing business in 10 states. McCullough also spent more than 18 years with Marks & Morgan (formerly A.A. Friedman Co.), the nation's ninth-largest retail jewelry chain, then with 121 stores. Beginning as a store manager, McCullough quickly rose through the ranks to become a diamond buyer, general merchandise manager and, ultimately, the vice president of merchandise and marketing.