test
Discover Exec Appointed to Signet’s Board
Discover Financial Services CFO R. Mark Graf joins the retailer as longtime board member Dale W. Hilpert retires.

Akron, Ohio--The chief financial officer of Discover has been tapped to join Signet Jewelers Ltd.’s board of directors just as the retailer begins the process of outsourcing its in-house credit program.
R. Mark Graf, 53, became CFO of payments and credit card company Discover Financial Services in 2011. Prior to that, he was an investment advisor at Aquiline Capital Partners, a partner at Barrett Ellman Stoddard Capital Partners and the CFO of Fifth Third Bancorp.
He holds a bachelor’s degree in economics from the University of Pennsylvania’s Wharton School.
He will officially join Signet’s board on July 1.
In a company statement welcoming Graf to the board, Chairman H. Todd Stitzer mentioned his “deep, balanced and diversified finance, credit and leadership experience.”
The announcement of Graf’s appointment comes almost exactly a month after Signet said that it has begun jettisoning its in-house credit program, starting with the sale of $1 billion of its prime-only accounts to Alliance Data System Corp. and a seven-year deal with Progressive Leasing that will allow customers who don’t qualify for credit to do a lease-purchase on jewelry from one of Signet’s stores.
Exiting Signet’s 12-member board is 74-year-old Dale W. Hilpert, who is retiring after more than a decade.
Hilpert, the former CEO of Williams-Sonoma Inc. (April 2001 to January 2003) and, prior to that, Foot Locker Inc., joined Signet’s board in 2003.
He also served as a director of Ann Inc., the company that operates Ann Taylor and Loft women’s clothing stores, until Ascena Retail Group acquired the company in August 2015. He was asked to join Signet’s board because of his general management and retail-specific skills.
Signet said Hilpert is retiring for “personal reasons.” His retirement will be effective June 28.
The Latest


A monthly podcast series for jewelry professionals

From protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.

Test Podcast With Video. New interview with Ada Lovelace.

Abstract for tests. New Podcast interview with John Lennon, Jimi Hendrix and Jim Morison.

Ahead of the holiday season, Smith delves into the often subconscious reasons people buy luxury products for themselves or their loved ones.

The GMT-Master “Pepsi” belonging to astronaut Edgar Mitchell is a standout in RR Auction’s online “Space Auction,” going on now.

Retail sales associates can access the video series on mobile to refresh their selling skills.

For 25 years, India’s Gem & Jewellery National Relief Foundation has provided aid in the wake of war, natural disasters, and global crises.

The November auction will feature a collection of jewels owned by Ferdinand I, the first king of modern Bulgaria, and his family.

Commercial production has begun underground at the Canadian diamond mine’s A21 pipe.

Deloitte and Adobe Analytics shared their insights on the season, from the retail sales forecast to the role of generative AI.

The Texas-based jeweler collaborated with luxury clothing brand Uncommon Man on men’s bands designed with European influences.

Industry players have found ways to cope with market conditions while working to reshape themselves in the face of emerging realities.

The sales event, in its second year, features a selection of rare diamonds from the miner’s Argyle and Diavik diamond mines.

A portion of the proceeds from the “Always Dream” collection will go to Yamaguchi's foundation, supporting early childhood literacy.

The first in what is slated to be a series of in-depth reports from the consulting company, it focuses on shortening supply chains.








































