BREAKING: Alex and Ani Appoints Carolyn Rafaelian Interim CEO
Thursday, March 13, 2014
Alex and Ani today announced that founder Carolyn Rafaelian has been named Interim CEO of the Cranston-based life-style brand company.
The company, which has grown to be one of the largest employers and manufacturers in Rhode Island, has been on a rocket of good news. Presently featured in a national ad for Bank of America, the Alex and Ani has been featured as a model for innovation, branding, and Made in America manufacturing.
BELOW IT THE STATEMENT ISSUED BY ALEX AND ANI:
Alex and Ani today announced that founder and creative director Carolyn Rafaelian has been appointed interim Chief Executive Officer of the company by the Board of Directors. Ms. Rafaelian will guide the company while the Board conducts a search for a new CEO to replace Giovanni Feroce who has left the company. The process to recruit a new CEO is expected to take several months.
“Alex and Ani has experienced incredible positive energy and growth since this journey began 10 years ago,” said Carolyn Rafaelian, founder, creative director and interim CEO of Alex and Ani. “Now as we seek to take the company to the next level, it is imperative we bring on board a new CEO who has experience leading a fast growing company to the next level and who can provide the strategic direction and vision that will serve us well into the future.”
Rafaelian, the driving creative force behind the company, founded Alex and Ani as a private jewelry line in 2004 naming the company after her two eldest daughters. The U.S. Small Business Administration named her the 2012 Rhode Island Small Business Person of the Year. Additionally in 2012 she was named the Ernst & Young Entrepreneur of Year in the products category for New England.
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• Generated $80.04 million in revenue, including $22.06 million in sales in the state of Rhode Island, $51.42 million in sales in other U.S. states, and $6.57 million in exports.
• Supported 1,094 full-time equivalent (FTE) jobs in Rhode Island, from which 296 are direct FTE jobs and 798 are induced FTE jobs.
• Created $35.4 million in income for Rhode Island households. Direct earnings totaled $10.32 million and induced earnings totaled $25.1 million.
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