Richline CEO Dennis Ulrich to Retire

RAPAPORT... Dennis Ulrich is retiring from his position as CEO ofRichline Group, the company said Saturday. Dave Meleski, the current president of Richline, willsucceed Ulrich, who has held the position at the Warren Buffett-owned company for11 years. "I am leaving Richline in the very capable hands of DaveMeleski," Ulrich said. "Dave and I have worked very closely, in all aspects ofthe business, and I am confident his leadership will bring Richline to many newand exciting successes in the future." Ulrich and Meleski began working together in 2007, when Buffett'sconglomerate, Berkshire Hathaway, acquired Ulrich's Bel-Oro and Meleski'sAurafin. The tycoon merged them with Richline, which he already owned. The deals helped Richline grow from a gold-jewelry business to onethat also works with diamonds, gemstones and pearls, according to the company. "I have enjoyed the past 11 years working in partnershipwith Dennis to create a business that we, our employees and Berkshireshareholders can be proud of every day," Meleski added. "The path that Dennishas forged will be one that I look forward to [continuing]." Ulrich will be staying with the company for an undisclosedperiod to assist with the transition, as well as to support key areas of thebusiness.Image: Richline Group