He'll leave the company this year.

Richline Group CEO Dennis Ulrich is retiring this year after nearly 11 years leading the Berkshire Hathaway subsidiary. 

Dave Meleski, who currently serves as president of the company, will step into the chief executive role.

"Dave and I have worked very closely, in all aspects of the business, and I am confident his leadership will bring Richline to many new and exciting successes in the future," Ulrich said in a letter to employees and friends. 

Ulrich started in the jewelry business in 1974, when he began working at "the original Richline" with his father and mother, Mitchel and Ruth Ulrich. 

Gene the Jeweler Explains His Moonstone Strategy

When it comes to selling jewelry, Gene seems to miss the point.

SPONSORED BY INSTORE

In 1994, Dennis Ulrich and his wife, Liz, started Beloro, with a focus on Italian jewelry.

In 2007, Bel-Oro and Aurafin, in a simultaneous transaction, were bought by Berkshire Hathaway. The Richline Group was born, and today it has more than 3,000 employees worldwide.

"I have enjoyed the past 11 years working in partnership with Dennis to create a business that both we, our employees, and Berkshire shareholders can be proud of every day," Meleski said. "The path that Dennis has forged will be one that I look forward to continue."

Ulrich "will be staying on for some time, to assist Dave in the transition and continue to support key areas of the business," said Mark Hanna, chief marketing officer for Richline.

This story is tagged under:

 
JEWELER SUCCESS STORIES

“Halfway Through the Sale, We Already Did a Year’s Worth of Volume”

Torin Bales says he was “blown away” by Wilkerson’s results after the company ran his retirement sale. “When you hire a consultant, you have to let them take control,” says the Texas retailer. After all, if you’re like most jewelers, you only retire once. Get the maximum return on your life’s investment. Turn to Wilkerson & Associates and let your new life begin!

 


Promoted Headlines

This story is tagged under: