Signet Falls After Announcing PetSmart CEO to Succeed Drosos (1)

Zales and Kay Jewelers owner Signet Jewelers Ltd.is bringing on J.K. Symancyk, the chief executive officer of PetSmart Inc., to replace the retailer’s retiring head Gina Drosos.

Drosos will retire as CEO and board member on Nov. 4 following 12 years with the company, Signet said in a statement. She will continue as an adviser until the end of the company’s current fiscal year.

Signet stock fell 7.8% at 10:19 a.m. in New York trading on Tuesday, bring their year-to-date to decline to about 11%. The shares had risen 68% since she took over in ...