Underwood’s, a retail jeweler, has named Michael Richards as its new president. Richards, a longtime manager and executive at the company, officially began his new role on July 1.
Richards started his career in the jewelry industry during high school, working at Harper’s Jewelry while taking classes at the Gemological Institute of America (GIA). He joined Underwood’s in 1990 as a store manager. Over the years, he climbed the ranks, becoming vice president in 2008 and chief operating officer in 2018.
As president, Richards is now responsible for executing the company’s vision, managing daily operations, and leading the corporate culture at the Florida-based jeweler.
Richards succeeds Clayton Bromberg, who has been president and chairman of Underwood’s since 1988. Bromberg will continue as chairman, focusing on strategic directions, merchandising, and diamond buying.
Looking to the future, Bromberg expressed optimism. “As we look ahead to the next 10 years and embark on this new chapter, I am excited about the opportunities ahead for Underwood’s. We will continue to innovate while staying true to the principles that have made us a trusted name in jewelry for nearly a century,” he said.
