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House of Taylor names new president, CEO

April 14, 2008

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West Hollywood, Calif.—House of Taylor Jewelry has announced the appointment of Lyle Rose, a 36-year industry veteran, as its president and chief executive officer, effective immediately.

Jack Abramov has resigned as chairman, president and CEO for personal reasons, but will serve as a consultant to the company for a six-month transition period.

In addition, the company announced that Monty Abramov has resigned as secretary and vice president, also effective immediately.

"We thank Jack and Monty for the industry expertise that they provided to House of Taylor Jewelry Inc. and for their assistance in the transition," Larry Chimerine, a director for the company, said in a media release.

Rose most recently was a consultant in the jewelry field, where he specialized in marketing, product and sales development. Previously, he served as CEO of polished-diamond and diamond-jewelry manufacturer LID Ltd., as divisional president of Jacor Products Group, and as managing director of Emanon (Hong Kong) Ltd.

His experience includes managing merchandising, marketing and sales initiatives, acting as a liaison and coordinator between U.S. and Hong Kong jewelry companies, and supervising import/export retail and wholesale initiatives.

"Lyle's industry experience reflects his focus on developing key operational, sales, marketing and merchandising strategies for a variety of jewelry companies," Chimerine said. "We anticipate that he will help shape the near-term and strategic objectives for House of Taylor Jewelry Inc. While we seek to evolve the business, we remain committed to developing our branded jewelry lines and to further executing our direct-to-consumer strategy."
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