Blue Nile (NILE) announcedafter the market closed on Tuesday that CEO Diane Irvine has resigned from the company, effective Nov. 11, sending shares down 18%.
Vijay Talwar, Senior Vice President and General Manager of International, has been appointed interim CEO, and Chairman Mark Vadon will “take an active role in the leadership of the company,” the company said.
“Diane has been with Blue Nile since its formation and we wish her well in her future endeavors,” Vadon said. “Diane has worked with me on the business since 1999. She has been a tremendous business partner, making countless contributions in her 12 years at Blue Nile. During Diane’s tenure as CFO and CEO, the company has grown sales from $14 million to over $300 million and has become one of the world’s largest fine jewelers.”
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