Jay Friedman Leaves Claire’s

CEO James Fielding to assume duties until successor is named.

Jay Friedman has resigned as president of the North American unit of Claire’s Stores Inc.

James Fielding, who in June succeeded Eugene Kahn as chief executive officer of the jewelry and accessories retail firm, will assume Friedman’s duties until a successor is appointed. Claire’s said that the executive recruiting firm of Spencer Stuart has been retained to assist in the search for Friedman’s replacement.

Friedman joined Claire’s in his most recent post in January 2011. Previously, he had been president and ceo of the Nine West Group division of The Jones Group, president of Foot Locker USA and chief operating officer and president, wholesale, of Etienne Aigner.

Fielding, who came to Claire’s from Disney Consumer Products, said that Friedman had “played a key role in refining the Claire’s and Icing strategies and launching Claire’s e-commerce site in North America” during his tenure.

Claire’s, which generated $1.5 billion in 2011 revenues, was acquired by Apollo Management for $3.1 billion and taken private in 2007. It currently operates 3,074 stores in North America and Europe.