Moti Ferder stepped down Wednesday and will not receive any severance pay, parent company Compass Diversified said.
PAJ names Lori Kluempke as senior vice president
Global bridge jewelry manufacturer Prime Art & Jewel has appointed industry veteran Lori Kluempke in the newly created role of senior vice president, effective immediately.

Dallas--Global bridge jewelry manufacturer Prime Art & Jewel has appointed industry veteran Lori Kluempke in the newly created role of senior vice president, effective immediately.
In her new position, Kluempke will lead the sales, marketing and product development teams at PAJ, with a focus on providing the best value and quality to jewelry retailers across North America and the Caribbean.
She previously held executive positions in retail, TV home shopping and wholesale, bringing management, branding and merchandising experience to the company to help lead innovative product development as well as identify consumer trends and opportunities.
Kluempke also previously served on PAJ’s sales and executive advisory teams.
“I am truly excited that Lori has joined our executive team,” said Dillon Chen, executive vice president at PAJ. “With her leadership and market insights, PAJ will be able to deliver even better product and greater service to help our customers grow their jewelry business.”
Based in Dallas, PAJ has been designing and manufacturing bridge jewelry for nearly 40 years and has more than 3,000 employees across three continents.
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