New appointments underscore commitment to drive Path to Brilliance
transformation plan
Mary Elizabeth Finn appointed Chief People Officer and Stephen E.
Lovejoy appointed Chief Supply Chain Officer
HAMILTON, Bermuda--(BUSINESS WIRE)--
Signet Jewelers Limited (the “Company”) (NYSE:SIG), the world’s largest
retailer of diamond jewelry, announced today two executive appointments
rounding out a Leadership Team aligned to drive the Company’s
transformation under its Path to Brilliance plan. Mary Elizabeth Finn
has been named Chief People Officer and Stephen E. Lovejoy has been
named Chief Supply Chain Officer, effective immediately. Finn and
Lovejoy will report directly to the Chief Executive Officer, Virginia C.
Drosos.
“Mary Liz and Steve are joining Signet at a very exciting time as we
embark on our Path to Brilliance, and each will play a critical role in
building our Culture of Agility and Efficiency. Mary Liz will help us
continue to foster diversity and inclusion, and to lead training and
development for all Team Members, while Steve will leverage his retail
expertise to drive greater efficiencies across our supply chain,” said
Drosos. “Their additions, along with our recent C-suite appointments,
underscore the commitment and focus we are bringing to our
transformation agenda. I am confident that we have a lean and highly
accountable team in place with the diversity of experience, knowledge,
and expertise to transform Signet into a share-gaining, OmniChannel
category leader.”
Finn was previously the Chief Human Resources Officer at Nielsen, a $6.2
billion international company where she oversaw 44,000 employees across
100 countries. Prior to Nielsen, she held several senior-level human
resources roles with General Electric. She has significant experience
empowering employees during business transformation, providing effective
training and development opportunities, and building diverse and
successful teams throughout her career.
Lovejoy joins Signet from Glanbia PLC, a $2.8 billion nutritional foods
company where he oversaw 12 manufacturing sites and 30 distribution
centers around the world. Before this, he served as SVP of Global Supply
Chain for Starbucks, where he used his deep understanding of retail
supply chains to drive both quality and efficiency. His responsibilities
will include oversight of all distribution and logistics, indirect
sourcing and procurement, supply chain management, and manufacturing and
operations, including repair centers and custom capability. Lovejoy will
also support Signet’s industry-leading responsible sourcing initiatives.
Finn and Lovejoy join a Signet Leadership Team that has been reorganized
in recent months to more effectively drive the Company’s strategic
priorities of Customer First, OmniChannel, and a Culture of Agility and
Efficiency. Reporting to Drosos, who joined Signet as CEO in August
2017, the Team includes:
-
Lynn Dennison, who joined Signet in January 2011 and was named
Chief Legal & Transformation Officer in February 2018 after serving
most recently as Signet’s Chief Legal, Risk & Corporate Affairs
Officer, now directly oversees Signet’s Path to Brilliance
transformation plan, driving disruptive innovation across the Company
with a focus on Strategy, Culture, and Operational Excellence;
-
Howard Melnick, Chief Information Officer, who joined Signet on
a full-time basis in February 2018 after serving as CIO of The Ralph
Lauren Corporation, supports Signet’s growing eCommerce platforms and
enhances its IT infrastructure;
-
Carol Schumacher, Chief Communications Officer, who joined
Signet in January 2018 after holding leadership positions at
Intercontinental Exchange and Walmart, runs the Company’s
fully-integrated corporate communications function;
-
Oded Edelman, Chief Digital Innovation Advisor, who joined the
Company in September 2017 with its acquisition of R2Net, oversees
James Allen, the integration of R2Net’s leading digital capabilities
across Signet’s OmniChannel platforms, and the development of new
disruptive technological innovations;
-
Seb Hobbs, who joined the Company in 2011, and was named
President and Chief Customer Officer in January 2017, leads the
Company’s eCommerce, store operations, merchandising, and marketing
functions, and is focused on delivering memorable Customer First
experiences and seamless OmniChannel journeys for Signet’s in-store
and online platforms; and
-
Michele Santana, Chief Financial Officer, who joined the
Company in 2010, leads Signet’s financial strategy and planning,
including tax, treasury, accounting, credit operations, and investor
relations.
About Signet and Safe Harbor
Signet Jewelers Limited is the world's largest retailer of diamond
jewelry. Signet operates over 3,500 stores primarily under the name
brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel,
Ernest Jones, Peoples, Piercing Pagoda, and James Allen. Further
information on Signet is available at www.signetjewelers.com.
See also www.kay.com,
www.zales.com,
www.jared.com,
www.hsamuel.co.uk,
www.ernestjones.co.uk,
www.peoplesjewellers.com,
www.pagoda.com,
and www.jamesallen.com.
This release contains 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 and expectations
as well as on assumptions made by and data currently available to
management, appear in a number of places throughout this document and
include statements regarding, among other things, Signet’s 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, our ability to
implement Signet's transformation initiative, the effect of federal tax
reform and adjustments relating to such impact on the completion of our
quarterly and year-end financial statements, changes in interpretation
or assumptions, and/or updated regulatory guidance regarding the U.S.
tax reform, the benefits and outsourcing of the credit portfolio sale
including technology disruptions, future financial results and operating
results, the timing and expected completion of the second phase of the
credit outsourcing, the impact of weather-related incidents on Signet’s
business, the benefits and integration of R2Net, general economic
conditions, potential regulatory changes or other developments following
the United Kingdom’s announced intention to negotiate a formal exit from
the European Union, a decline in consumer spending, the merchandising,
pricing and inventory policies followed by Signet, the reputation of
Signet 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 customer credit, seasonality of Signet’s
business, financial market risks, deterioration in customers’ financial
condition, exchange rate fluctuations, changes in Signet’s credit
rating, changes in consumer attitudes regarding jewelry, management of
social, ethical and environmental risks, the development and maintenance
of Signet’s omni-channel retailing, security breaches and other
disruptions to Signet’s information technology infrastructure and
databases, inadequacy in and disruptions to internal controls and
systems, changes in assumptions used in making accounting estimates
relating to items such as extended service plans and pensions, risks
related to Signet being a Bermuda corporation, the impact of the
acquisition of Zale Corporation on relationships, including with
employees, suppliers, customers and competitors, an adverse decision in
legal or regulatory proceedings, deterioration in the performance of
individual businesses or of the Company's market value relative to its
book value, resulting in impairments of fixed assets or intangible
assets or other adverse financial consequences, including tax
consequences related thereto, especially in view of the Company’s recent
market valuation and our ability to successfully integrate Zale
Corporation’s operations and to realize synergies from the transaction.
For a discussion of these and other risks and uncertainties which could
cause actual results to differ materially from those expressed in any
forward-looking statement, see the "Risk Factors" section of Signet's
Fiscal 2018 Annual Report on Form 10-K filed with the SEC on April 2,
2018 and quarterly reports on Form 10-Q filed with the SEC. Signet
undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events or circumstances, except as
required by law.
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Source: Signet Jewelers Limited