Signet Jewelers CEO Mark Light, at the center of a sprawling gender discrimination case, out for ...
Source: The Washington Post
Signet Jewelers CEO Mark Light, at the center of a sprawling gender discrimination case, out for ‘health reasons’
By Drew Harwell July 17 at 10:11 AM
Mark Light, the Signet Jewelers chief executive at the center of a sprawling gender-discrimination case, will retire due to “health reasons” and be replaced at the end of this month, the company said Monday.
Light was named CEO in 2014 and worked for 35 years at the retail-jewelry conglomerate, best known for its brands Jared the Galleria of Jewelry and Kay Jewelers. He will be replaced by Virginia “Gina” C. Drosos, who has served on the company’s board since 2012.
Light’s tenure has been marked by an ongoing class-action arbitration case, during which 69,000 women have alleged a Signet subsidiary, Sterling Jewelers, discriminated against them in pay and promotion practices.
Hundreds of women filed sworn statements in recent years alleging they also faced sexual harassment or discrimination, and Light and other key executives were accused of promoting women based upon their responses to sexual demands, attorneys for the women said in a 2013 filing. A company chairman in March called those accusations a “purported parallel universe.”
Read more: https://www.washingtonpost.com/news/business/wp/2017/07/17/signet-jewelers-ceo-mark-light-at-the-center-of-a-sprawling-gender-discrimination-case-out-for-health-reasons
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