Vadon to step down as Chairman of BlueNile

Co-founder of BlueNile, Mark Vadon, is stepping down from his position as chairman and from its board, and will not hold a formal role in the company beyond December 31, 2013, reports say.

Vadon will be succeeded by current CEO Harvey Kanter as new chairman, reports add.

Vadon’s inspiration to form BlueNile came about when he was searching for information on jewellery online and came across Internetdiamonds.com. Ultimately he bought this company and named it BlueNile, reports suggest. The company has stated that ‘Vadon's decision “was not tendered in connection with any disagreement with the company on any matter relating to the company operations, policies or practices,’ reports add.