Daily News: August 23, 2012

Buxbaum Jewelry Announces Resignation, Exec Changes

Buxbaum Jewelry Advisors (BJA) announced that its president, Stevan Buxbaum, has resigned to pursue other opportunities. In conjunction with his departure, Scott Rusczyk was named managing director and jewelry industry veteran Michael Lebowitz was promoted to executive vice president of the firm, which offers a wide range of services to profitable and distressed jewelry retailers and wholesalers.

“We thank Stevan for his efforts in launching our Buxbaum Jewelry Advisors affiliate in 2008 and for his many years of service prior to that as a senior executive and widely quoted retail industry expert at Buxbaum Group,” said Paul M. Buxbaum, chairman of Buxbaum Jewelry Advisors and chairman and CEO of Buxbaum Group. “We wish him the best in his future endeavors.”

In his new role, Rusczyk – who also serves as vice president/business affairs for Buxbaum Group – will provide managerial oversight of all BJA operations, bringing over 23 years of corporate insolvency and restructuring experience to the position.

Lebowitz, who joined BJA as a vice president in 2010, will now be responsible for directing all of the firm