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High-Ranking Signet Exec Steps Down

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The company said he violated policy.

Bryan Morgan, Chief Operations Officer of Signet Jewelers Ltd., has stepped down.

The Akron, OH-based company said in a filing Monday with the U.S. Securities and Exchange Committee that he resigned “due to violations of Company policy unrelated to financial matters.”

Signet (NYSE: SIG) is the parent of Sterling Jewelers, which operates Jared the Galleria of Jewelry, Kay Jewelers and Zales.

Signet announced Morgan’s promotion to COO in February. He previously served as executive vice president, supply chain management and repair.

The company’s stock was down 2.9 percent to $51.32 per share Tuesday morning. Over 52 weeks, the share price has ranged from $46.09 to $101.46. 

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