(BRK.A), (BRK.B)
Berkshire Hathaway’s Ben Bridge Jeweler, a family-run fine jeweler with over 90 retail stores in 11 states and one province, has announced that Co-CEO and General Counsel Jonathan (Jon) Bridge is retiring, and current President and Co-CEO, Edward (Ed) Bridge will become Chairman and CEO.
Lisa Bridge C.G., the company’s Vice President of Education and the creator of the Lisa Bridge Collection, has been appointed as the company’s President and Chief Operating Officer.
Lisa will be the company’s first female President and its youngest top executive in over 60 years. “I love the relationships that are built over a beautiful piece of fine jewelry and I am eager to provide amazing experiences for each of our customers.”
“Ben Bridge has been a part of Berkshire Hathaway for 17 years and Lisa represents a wonderful balance of continuity and evolution,” says Chairman of Berkshire Hathaway Warren Buffett. “With the challenges facing retailing, I am excited to have someone passionate for the jewelry business, with creative ideas, and an understanding of today’s consumer at the helm. Lisa has retailing in her blood and I am excited for the future with Lisa as President.”
“I am pleased and excited about passing the torch of leadership to the next generation of our family,” says Jon Bridge. “Lisa has been a critical part of Ben Bridge for years and will continue the tradition of service to our customers and communities that we have built over the last century while evolving the business to grow in the digital age. Her knowledge of the business and insight as a member of the next generation will greatly expand opportunities for our company.”
Lisa Bridge, a fifth generation jeweler, is a Certified Gemologist and jewelry designer who launched her own namesake collection in 2015, a compilation of bold and fashionable jewelry inspired by the natural beauty she has encountered in her many travels. Lisa also spent the last seven years as Vice President of Education, overseeing the education and professional development of the company’s 1,200 associates. As President, Lisa will oversee merchandising, operations, marketing, sales, and human resources as she continues to evolve the business.
© 2017 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.