Helzberg Diamonds
Encyclopedia
Leadership
In April 2009, Beryl Raff, former executive vice president and general merchandise manager of fine jewelry at JCPenney, was named Chairman and Chief Executive Officer of Helzberg.History
Soon after Helzberg's founding, Morris Helzberg became ill and the company was taken over by his son, Barnett Helzberg Sr., at the age of 14. In 1963, Barnett Sr. became Chairman of the BoardChair (official)
The chairman is the highest officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office is typically elected or appointed by the members of the group. The chairman presides over meetings of the assembled group and conducts its business in an...
and his son, Barnett Helzberg Jr., took over company operations. Barnett replaced his father in the Chairman position in 1988. Barnett Jr. sold the company to Berkshire Hathaway
Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years,...
, owned by Warren Buffett
Warren Buffett
Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is...
, in 1995, and authored the book What I Learned Before I Sold to Warren Buffett.