OMAHA, Neb.--(BUSINESS WIRE)--Marvin Beasley, Chairman and Chief Executive Officer of Helzberg Diamond Shops, Inc., an indirect wholly owned subsidiary of Berkshire Hathaway Inc. has advised Berkshire Hathaway Inc. that he has decided to resign effective today. Beryl Raff will replace Mr. Beasley as Chairman and Chief Executive Officer of Helzberg Diamond Shops, Inc. Ms. Raff has spent over 25 years in the retail jewelry industry. Most recently, Ms. Raff was Executive Vice President and General Merchandise Manager of fine jewelry for J. C. Penney Company, Inc.
Warren E. Buffett, Berkshire’s Chairman and CEO said of Ms. Raff: “Beryl is widely recognized throughout the retail industry as an outstanding merchant and strong multi-store retail executive. She will bring a finely balanced blend of merchandising instinct and analytical sharpness to her new position.”
Helzberg Diamonds was founded in 1915 and has nearly 270 retail jewelry stores nationwide, featuring a wide selection of fine jewelry, including diamonds, precious gems and watches. Helzberg Diamonds takes pride in its history of offering exceptional value, exclusive designs and timeless jewelry.
Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.