Arthur Reiner to join Finlay Fine Jewelry as chairman and chief executive officer.NEW YORK--(BUSINESS WIRE)--Jan. 4, 1995--Finlay Enterprises Inc. announced today that Arthur Reiner has been named chairman and chief executive officer of its subsidiary Finlay Fine Jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. and vice chairman of Finlay Enterprises You can improve this article by adding links to related material, within the existing text. After links have been created, remove this message. For more information, see the . Reiner, 54, was formerly chairman and chief executive officer of the Macy's East Division. "An executive of Arthur's caliber with 32 years of retailing experience will be an invaluable addition to Finlay," said David B. Cornstein, chairman, president and chief executive officer of Finlay Enterprises Inc. "I am enthused about joining the Finlay organization which has developed a successful and vital business and which represents an exciting opportunity," Reiner said. Reiner began his retailing career in July 1962 in the executive training program at Bambergers, a division of R.H. Macy. After completing a number of buying and merchandising assignments, Reiner was named senior vice president, director of Store Merchandising in February 1972. In January 1973, he was appointed senior vice president and director of Merchandising for the Home Store. In February 1975, Reiner was transferred to the Macy's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Division as senior vice president of Merchandising. In July 1978 he became president of Macy's New York and in August of 1980, he was was elected chairman and chief executive of Macy's New York. In 1988, he was named chairman and chief executive officer of Macy's Northeast, the division formed by the merging of the Macy's New York and New Jersey divisions. In February 1992, he was named chairman and chief executive officer of Macy's East, the division formed by the merging of Macy's Northeast and South. Reiner received his Bachelor of Arts degree in Economics from Rutgers University Rutgers University, main campus at New Brunswick, N.J.; land-grant and state supported; coeducational except for Douglass College; chartered 1766 as Queen's College, opened 1771. Campuses and Facilities Rutgers maintains three campuses. . Finlay Enterprises Inc. also announced today that Ronald B. Grudberg, chairman and chief executive officer of Finlay Fine Jewelry has retired to pursue other interests. Cornstein stated, "Ron has made an important contribution to Finlay in his 11 year tenure for which we are all grateful." Cornstein continues as chairman, president and chief executive officer of Finlay Enterprises Inc., while Robert S. Lowenstein remains executive vice president of Finlay Enterprises Inc. and president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Finlay Fine Jewelry. Finlay Enterprises Inc., based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , is majority owned by the Thomas H. Lee Company and Desai Capital Management Inc. Finlay Fine Jewelry is the largest operator of licensed fine jewelry departments in department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and France with sales volume in excess of $500 million. Finlay Fine Jewelry operates in approximately 900 departments in 36 retail store groups in the United States and France. Thomas H. Lee Company, founded in 1974, is a Boston-based private investment firm which manages $1.5 billion in equity and mezzanine capital Mezzanine capital (or mezzanine debt) is a broad financial term that refers to unsecured, high-yield, subordinated debt or preferred stock that represents a claim on a company's assets that is senior only to that of a company's shareholders. . The Lee Company and its affiliates control 28 public and private companies with combined annual sales in excess of $10 billion. Desai Capital Management Inc. (DCMI DCMI Dublin Core Metadata Initiative (Online Computer Library Center) DCMI Disclosure of Classified Military Information ), founded in 1984, is an investment firm dedicated to providing capital for growth companies. The firm has completed 53 private transactions, investing a total of $613 million, and currently has more than $1.3 billion in equity under management. CONTACT: Finlay Fine Jewelry, New York
Barry Scheckner, 212/808-2836
or
Edelman Public Relations, New York
Elliot Sloane or Kerry O'Brien, 212/704-8126/8291
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