Grading

Save E-mail Print Most Popular RSS Reprints

Collectors Universe CEO leaving

March 19, 2009

Similar Stories | Topics

Newport Beach, Calif.--Collectors Universe Inc. announced earlier this week that Chief Executive Officer Michael Haynes is leaving the company on April 1, according to a news release.

Haynes, according to the release, is departing to "pursue other opportunities."

"Based on a strategy established by the board at the beginning of my term in 2003, Collectors Universe has been transformed to focus on its core competency of grading and authentication of collectibles, with updated operating systems and restructured management," Haynes said. "The proven leadership position of these divisions in their markets along with the efficient operating support and favorable balance sheet provides the foundation for long-term profitability."

Michael McConnell, a member of the company's board of directors, has been appointed interim CEO, according to the release.

"During his tenure, Michael Haynes directed the turnaround of the company and was instrumental in strengthening the balance sheet and positioning the company for long-term profitability. The company has now substantially improved continuing operations and is prepared for the next phase of success. We are grateful for his years of dedication toward this goal," said Clint Allen, chairman of the board.

Newport Beach, Calif.-based Collectors Universe authenticates and grades collectibles, such as stamps and autographs.

The company used to own and operate both the Gem Certification and Assurance Laboratory (GCAL) and the American Gemological Laboratory (AGL) but opted to drop both labs earlier this month because of uncertainty about the performance of the jewelry market.

GCAL founder The Palmieri Group, led by lab President Don Palmieri, opted to buy back the lab and keep it in operation.

The fate of the AGL remains unclear.
Save E-mail Print Most Popular RSS Reprints
Post a Comment
* Required field
* Author:
* Comment:
 

Grading

National Jeweler Diamond and Gemstone Grading Reports 2009
After tough year, gem labs scout for business

The world's gem grading labs experienced a year full of twists and turns with the recession prompting layoffs and even a lab closure. But business seems to be picking up for the loupe-and-microscope set. Read More

More Like This

Jewelry grading 'steady' for Collectors Universe
October 03, 2008 | National Jeweler Network
Palmieri completes acquisition of GCAL
April 08, 2009 | National Jeweler Network
Collectors Universe exiting grading business
March 03, 2009 | National Jeweler Network
GCAL shows off new digs, welcomes Nancy Robey
November 17, 2006 | National Jeweler Network
C.R. 'Cap' Beesley disconnects from AGL
April 02, 2009 | National Jeweler Network
TOPICS
Collecting | Culture and Lifestyle | Hobbies and Pastimes

advertisement

Video

Small multi video player located on right rail of NJN site

advertisement

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.
Newsletters
Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.
Reader Connect
ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.
Jewelry Yellow Pages
Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds
Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
NJN Customer Connect
CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.

advertisement