– DIAMOND DOINGS: Hamdi Chatti has been named to the newly created position of executive vice president of Aber Diamond Corp. and Harry Winston. Based in New York, Chatti, who was managing director of Harry Winston Rare Timepieces, will report to Thomas J. O’Neill, president and chief executive of Aber and Winston. He will oversee product development, supply chain, manufacturing and the sorting of diamonds. Prior to joining Winston in 2005, Chatti held positions at Montblanc, Piaget, Baume & Mercier and Cartier. Aber, a Canadian diamond mining company, acquired the remaining minority interest in Harry Winston for $157 million in September 2006 after making an initial investment in April 2004. This fall the companies will merge to become Harry Winston Diamond Corp.
– MOVE ON TRADE AID: The House Ways and Means Committee unanimously approved a three-month extension of the Trade Adjustment Assistance program that gives federal aid to U.S. workers who lose their jobs because of foreign competition. The measure includes $4 million in short-term funding from Oct. 1 through Dec. 31 for the program, which expires Sept. 30. The full House must approve the bill, as must the Senate Finance Committee and Senate. Lawmakers in both parties said the extension would give them more time to craft a major overhaul of the initiative, which provides about $1 billion a year to workers displaced by trade.
– ANN TAYLOR PICKS CFO: AnnTaylor Stores Corp. named Michael J. Nicholson executive vice president and chief financial officer, replacing James Smith, who resigned last month. Nicholson, 41, reports to president and chief executive officer Kay Krill. He had been executive vice president, cfo and chief operating officer for Limited Brands’ Victoria’s Secret Beauty division. Nicholson also has held executive positions at Colgate-Palmolive Co. and Altria Group Inc.
This story first appeared in the September 20, 2007 issue of WWD. Subscribe Today.