Smith discusses how managers should handle a top performer's exit, warning that a poor response could have a lasting impact.
Michael Meyers out as CEO of Fast-Fix
According to an email, Meyers and Jewelry Repair Enterprises Inc., the parent company of Fast-Fix, have “made a decision to part ways.”
Delray Beach, Fla.--The CEO of Fast-Fix Jewelry and Watch Repairs, a chain of more than 150 franchisee-operated stores in 28 states, has left the company.
According to an email from company President Russ Cooper, Michael Meyers and Jewelry Repair Enterprises Inc. (JRE), the parent company of Fast-Fix, have “made a decision to part ways.”
Meyers, the former CEO of GNC, joined Fast-Fix in October 2012, a little less than three years ago. Prior to that, he’d worked for GNC for 22 years, rising to become president and CEO of the Pittsburgh-based nutritional supplements company.
According to the email, Cooper will be handling the day-to-day operations of JRE as it searches for a replacement for Meyers.
Cooper did not respond to calls or an email for comment.
Headquartered in Delray Beach, JRE has Fast-Fix franchises in 28 states plus Washington, D.C. and has four stores in Dublin, Ireland, all of which are independently operated. The company says it is the world’s largest jewelry and watch repair franchise.
Fast-Fix, which was established in 1984 and opened its first store in Pittsburgh, repairs jewelry, watches, sunglasses and smartphones, sells fine jewelry and offers engraving services.
The company made Entrepreneur magazine’s annual Franchise 500 ranking four years in a row (2011-2014) but was not included on the 2015 list after dropping to No. 452 in last year’s ranking.
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