PROVIDENCE, R.I. — Two more top executives have left Alex and Ani, the Cranston-based fashion jewelry company founded by Carolyn Rafaelian, but a company spokesman said there were no firings involved.
Instead, the one-year contracts of company president Cindy DiPietrantonio and chief financial officer Bob Woodruff expired, and they have moved on, according to attorney Mark Geragos. The executives have not been replaced, as Alex and Ani already has plenty of "homegrown talent," he added.
Rafaelian is not preoccupied with titles, because "titles are more about me than we," Geragos explained. Rafaelian "has never been the corporate type," he added.
The company is celebrating reaching the $50-million mark in charitable giving, and has just experienced a sales week that included 5 of the top 10 days in the company's history, despite the "challenging retail environment," he said. He predicted that Alex and Ani's 2017 sales will "break all records."
Geragos — a Los-Angeles based attorney whose clients have included Chris Brown, Bill Cosby and Colin Kaepernick — said he has been working with Alex and Ani for about a year.
DiPietrantonio joined Alex and Ani LLC in July 2016 as interim chief operating officer, and the company announced on Nov. 10, 2016 that she had been named president. Woodruff's appointment was announced on Sept. 26, 2016.
In recent years, there have been numerous changes in leadership at Alex and Ani, which has enjoyed explosive growth since its founding in 2004. According to Forbes magazine, sales hit $500 million in 2015, up from $4.5 million in revenue in 2010.
Former CEO Giovanni Feroce left Alex and Ani abruptly in March 2014. Feroce's successor, Harlan Kent, a former CEO of Yankee Candle, stayed for less than a year. Former chief operating officer Jayne Fitzpatrick-Conway, who joined the company in 2014, left in 2016. A former senior vice president of sales, Dan Sills, also departed in 2016.
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