Article: CEO of Berkshire's Helzberg jewelry unit resigns

Berkshire Hathaway Inc. says the chief executive of its Helzberg Diamond unit has resigned, but Warren Buffett's company did not say why.

Berkshire said in a statement that Marvin Beasley decided to resign effective Monday. He will be replaced by Beryl Raff, who had been managing J.C. Penney's jewelry division.

Berkshire CEO and Chairman Buffett said in the statement that Raff will bring merchandising instinct and analytical sharpness to the job.

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