Richline CEO Dennis Ulrich to Retire

RAPAPORT… Dennis Ulrich is retiring from his position as CEO of
Richline Group, the company said Saturday.




Dave Meleski, the current president of Richline, will
succeed Ulrich (pictured), who has held the position at the Warren Buffett-owned company for
11 years.




“I am leaving Richline in the very capable hands of Dave
Meleski,” Ulrich said. “Dave and I have worked very closely, in all aspects of
the business, and I am confident his leadership will bring Richline to many new
and exciting successes in the future.”




Ulrich and Meleski began working together in 2007, when Buffett’s
conglomerate, Berkshire Hathaway, acquired Ulrich’s Bel-Oro and Meleski’s
Aurafin. The tycoon merged them with Richline, which he already owned. The deals helped Richline grow from a gold-jewelry business to one
that also works with diamonds, gemstones and pearls, according to the company.




“I have enjoyed the past 11 years working in partnership
with Dennis to create a business that we, our employees and Berkshire
shareholders can be proud of every day,” Meleski added. “The path that Dennis
has forged will be one that I look forward to [continuing].”




Ulrich will be staying with the company for an undisclosed
period to assist with the transition, as well as to support key areas of the
business.




Image: Richline Group