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Zale names Braverman to board

June 23, 2008

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Dallas—Zale Corp. has named Yuval Braverman to its board of directors, effective June 19.

Braverman, 52, is currently chairman and chief executive officer of diamond wholesaler J. and J. Zaidman, a company he co-founded in 1981. The company deals in both rough and polished diamonds and has offices in New York and in Antwerp, Belgium.

Earlier in his career, Braverman was president of Gematic International's retail sales division. He is a graduate of the University of Maryland.

"With nearly 30 years of experience in the diamond industry, Yuval will contribute unique insight into the business as we strive to be the best in diamonds," Zale Corp. Chairman John B. Lowe Jr. said in a media release issued on Monday. "With this addition to the board, we now have a full complement of members with diverse backgrounds and expertise that will help generate an attractive value for Zale shareholders over the long-term."

Zale is a specialty retailer of fine jewelry in North America operating approximately 2,150 retail locations throughout the United States, Canada and Puerto Rico, as well as online. Zale's brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda. Zale also operates online at Zales.com and Gordonsjewelers.com.
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