New chief for jeweller Signet

Jewellery giant Signet has appointed the president of watch brand Fossil as its new chief executive. Mike Barnes will replace Terry Burman, who is retiring next January after ten years at the helm of the Anglo-American company, which owns H Samuel and Ernest Jones in the UK. Barnes joins on 1 December and will be based in the US. Barnes has been with Fossil for more than 25 years in a number of roles, and was part of the management team which took Fossil public in 1993. Signet said he was a “seasoned and accomplished manager.”