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MJSA names new COO

June 13, 2007

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Providence, R.I.—Manufacturing Jewelers and Suppliers of America (MJSA) has promoted Executive Vice President James K. McCarty to chief operating officer, effective immediately.

The appointment follows the recent resignation of Frank Dallahan, who stepped down as MJSA president and chief executive officer to head the American Gem Society Laboratories.

"The board of MJSA thanks Frank for his significant contributions to the association, and we wish him well in his new position," MJSA Chairman Alan Bell said in a statement. "We also have every confidence that Jim McCarty and the staff of MJSA will continue the association's fine work on behalf of its members."

McCarty joined MJSA as chief financial officer in 2001. He was instrumental in establishing and enhancing the MJSA's FedEx high-value shipping program, which contributed to a 30 percent increase in the association's membership over the past six years. He also streamlined operational efficiencies, including an association-wide upgrade of the MJSA's information retrieval and storage systems.

The MJSA board of directors will keep its prior commitment to conduct a strategic review of its mission and long-term goals. The review will be led by former MJSA chairman and industry veteran Curt Ley, and will begin with a board retreat in early August.

"Our strategic review comes at an opportune time for us to evaluate the needs of our membership and the industry at large, and it will help to inform the decisions we make going forward to ensure MJSA retains its vital role as the voice of the U.S. jewelry manufacturer," Bell said.
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