Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
CEO, CFO out at synthetics company Scio
Lab-grown diamond company Scio Diamond Technology Corp. has another new CEO at the helm following the recent termination of Michael McMahon.
Greenville, S.C.--Lab-grown diamond company Scio Diamond Technology Corp. has another new CEO at the helm following the recent termination of Michael McMahon.
In a Form 8-K filed June 16 with the Securities and Exchange Commission, Greenville-based Scio said that 52-year-old Gerald McGuire, a consultant and current member of the company’s board of directors, had been appointed interim CEO.
McMahon’s termination was effective immediately.
In addition, Scio fired its chief financial officer, Jonathan Pfohl, and replaced him with 56-year-old Douglas Walker, a consultant to the company. Walker will serve as CFO in an interim capacity.
Prior to joining Scio, McGuire, who has 25 years of experience in the semiconductor industry and was appointed to the Scio board in May, was a senior vice president and general manager of the low-voltage and mid-power analog business at Fairchild Semiconductor. Walker spent the last 20 years working as the managing director of SWBi International, a management consulting company specializing in executive search in North America. He also is a CPA and a certified gemologist, according to the filing.
McGuire becomes the latest in a line of individuals to lead Scio, which grows diamonds using the chemical vapor deposition process and got its start after absorbing another lab-grown diamond company, Boston-based Apollo Diamonds, in September 2011.
Joe Lancia led the company as president and CEO from its inception until his departure in November 2012. Stephen Kelley then was named CEO and served in that role until January 2013, when he was replaced by the now-departed McMahon.
RELATED CONTENT: Shareholders seek to oust Scio board
In addition to its new interim CEO and CFO, Scio appointed Bruce Likly to serve as co-chairman of its board of directors, which is led by Chairman Edward Adams.
Earlier this year, the shareholders of Scio were making a push to replace Adams, along with board members Theodore Strous and Robert Linares, Adams’ father-in-law and the founder of Scio predecessor Apollo Diamond, because the company isn’t making any money, the shareholders stated in an SEC filing.
The board has been expanded since that time, adding McGuire, Likly, and, in May, James Korn, the chief executive officer of Temp-Air Inc., a leading manufacturer of temporary industrial and commercial heating, ventilation and air conditioning equipment.
The Latest
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.