Attached files
| file | filename |
|---|---|
| 8-K - SIGNET JEWELERS LTD | mm04-1610_8k.htm |
| EX-10.1 - EX.10.1 - EMPLOYMENT AGREEMENT - SIGNET JEWELERS LTD | mm04-1610_8ke101.htm |
EXHIBIT 99.1
Signet
Jewelers Limited (NYSE and LSE: SIG)
SIGNET
APPOINTS RONALD RISTAU AS CHIEF FINANCIAL OFFICER
Hamilton, Bermuda, April 13,
2010 - Signet Jewelers Ltd (“Signet”) today announced that it has
appointed Ronald (“Ron”) Ristau as Chief Financial Officer (“CFO”) with effect
from June 26, 2010. He will join Signet on April 15, 2010 as Chief
Financial Officer Designate and will be based in Akron, Ohio. He
succeeds Walker Boyd who retires, as previously announced, on June 25,
2010.
Mr Ristau
spent ten years with New York & Company, Inc. (a specialty retailer of
women’s apparel) and its predecessors, from 1998, most recently as President,
CFO and Director. He was responsible for Accounting, Financial
Planning, Treasury, Information Technology, Real Estate, Technical Services,
General Counsel, Merchandise Planning and Allocation, and Sourcing and
Distribution. He was a leader in the private equity and management
buy-out of the company from The Limited, Inc. in 2002 and played a leading role
in its subsequent initial public offering on the New York Stock Exchange in
2004. He has also held posts at Revlon, Inc., Playtex International,
United Technologies Corporation and Peat, Marwick Mitchell &
Co. Mr Ristau is a Certified Public Accountant, and earned his MBA
from the Fuqua School of Business, Duke University and BBA from Roanoke
College.
Terry
Burman, Chief Executive, commented: “We are delighted to have recruited such a
strong candidate as Ron to be Signet’s CFO. His detailed hands-on
retail experience, as well as his time as the CFO of a NYSE listed company,
means he brings valuable experience to Signet.”
Ron
Ristau commented: “Signet is a great company that has established itself as one
of the leading retailers in both the US and the UK. It has succeeded
by focusing on the basic retail disciplines, and has a great culture of
excellence in execution and continuous improvement. I very much look
forward to working with everyone at Signet.”
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Enquiries:
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Terry
Burman, Chief Executive, Signet Jewelers
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+1
441 296 5872
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Tim
Jackson, Investor Relations Director
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+1
441 296 5872
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|
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Press:
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Alecia
Pulman, ICR, Inc.
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+1
203 682 8224
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Jonathan
Glass, Brunswick
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+44
(0)20 7404 5959
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Signet
operated 1,913 specialty retail jewelry stores at January 30, 2010; these
included 1,361 stores in the US, where it trades as “Kay Jewelers”, “Jared The
Galleria Of Jewelry”, and under a number of regional names. At that
date Signet operated 552 stores in the UK, where it trades as “H.Samuel”,
“Ernest Jones”, and “Leslie Davis”. Further information on Signet is
available at www.signetjewelers.com. See
also www.kay.com, www.jared.com, www.hsamuel.co.uk
and www.ernestjones.co.uk.
This
release includes statements which are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of
1995. These statements, based upon management's beliefs as well as on
assumptions made by and data currently available to management, appear in a
number of places throughout this release and include statements regarding, among
other things, our results of operation, financial condition, liquidity,
prospects, growth, strategies and the industry in which Signet
operates. The use of the words 'expects,' 'intends,' 'anticipates,'
'estimates,' ‘predicts,’ ‘believes,’ ‘should,’ ‘potential,’ 'may,' 'forecast,'
'objective,' 'plan,' or 'target,' and other similar expressions are intended to
identify forward-looking statements.
These
forward-looking statements are not guarantees of future performance and are
subject to a number of risks and uncertainties, including but not limited to
general economic conditions, the merchandising, pricing and inventory policies
followed by Signet, the reputation of the Company and its brands, the level of
competition in the jewelry sector, the cost and availability of diamonds, gold
and other precious metals, regulations relating to consumer credit, seasonality
of Signet’s business, and financial market risks.
For
a discussion of these and other risks and uncertainties which could cause actual
results to differ materially, see the “Risk Factors” section of the Company’s
fiscal 2010 Annual Report on Form 10-K filed with the U.S. Securities and
Exchange Commission on March 30, 2010 and other filings made by the Company with
the Commission. Actual results may differ materially from those
anticipated in such forward-looking statements even if experience or future
changes make it clear that any projected results expressed or implied therein
may not be realized. The Company undertakes no obligation to update
or revise any forward-looking statements to reflect subsequent events or
circumstances, except as required by law.