Via https://newsapi.org online business online marketing online business opportunities Signet Jewelers Announces CFO, Strengthened Leadership Structure to Support Path to Brilliance Transformation Plan

Via https://newsapi.org  online business  online marketing  online business opportunities Signet Jewelers Announces CFO, Strengthened Leadership Structure to Support Path to Brilliance Transformation Plan


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HAMILTON, Bermuda–()–Signet Jewelers Limited (NYSE:SIG) (the “company”) today announced the
appointment of Joan M. Hilson as Chief Financial Officer (CFO). The
company also announced organizational changes to strengthen its
leadership structure in support of its Path to Brilliance transformation
plan.

Chief Financial Officer Appointment

Hilson will be appointed CFO effective April 4, 2019, succeeding current
CFO Michele Santana, who will continue to serve in the role through that
date. As previously disclosed, Santana will remain with the company
through the end of April 2019 to ensure a smooth transition. Hilson will
be responsible for leading the company’s finance, accounting, investor
relations, tax and treasury teams and will be based in Akron, Ohio.

Hilson brings over 30 years of experience in retail corporate finance
leadership positions, with extensive experience in business planning,
merchandise planning, inventory management, and cost optimization. She
has a strong track record of building high performing finance teams and
developing leaders. She was most recently CFO of David’s Bridal from
2014 to March 2019. Prior to that, Hilson was the CFO of American Eagle
Outfitters and held several roles within Limited Brands, including CFO
of the Victoria’s Secret stores division. Earlier in her career, Hilson
also worked at Sterling Jewelers Inc. and Coopers & Lybrand.

“I am excited to have Joan join Signet at such an important time for our
business. She is an accomplished retail executive with extensive
financial and operational experience. I am confident that Signet will
benefit from her transformational experiences and perspective, as we
accelerate our Path to Brilliance transformation efforts,” said Virginia
C. Drosos, Chief Executive Officer.

Leadership Appointments To Drive Growth In Core
Mall-based Stores

Based on learnings from year one of the Path to Brilliance
transformation plan, Signet is bringing the leadership of its Kay, Zales
and Peoples banners under one combined Mall Leadership Team.

“As we pursue our vision to be a share-gaining OmniChannel jewelry
category leader, we are taking bold steps to reorganize our leadership
team,” Drosos said. “We believe these changes will enable us to better
capture banner growth opportunities, relentlessly improve product
assortment, expand our precision journey-based targeting of customers,
and create a stronger OmniChannel shopping experience in-store and
online. This is enabled by driving strong operating efficiencies and
better utilizing our scale.”

Jamie L. Singleton, currently Executive Vice President (EVP) Zales and
Peoples, is promoted to President Kay, Zales, and Peoples, with full P&L
and operational responsibilities, including merchandising, marketing,
and eCommerce for these core mall-based store banners. Singleton has
been with Signet for seven years, including general manager roles for
Zales and Piercing Pagoda. Prior to Signet, she served in SVP roles at
CPI Corp., David’s Bridal and After Hours Formalwear. She spent her
early career in merchandising, design and product development roles at
May Company, Saks, Inc., and Federated Department Stores.

Bill Luth, previously EVP Kay, has been named EVP, Global Store
Operations, with global responsibility for store operations. Luth is a
30-year Signet veteran with extensive experience in store operations.
Kecia Caffie is promoted to Senior Vice President, Piercing Pagoda.
Singleton, Luth and Caffie will continue to report to Seb Hobbs,
President and Chief Customer Officer.

“Jamie’s and Bill’s new roles, along with other leadership realignments
following recent appointments of William R. Brace, Chief marketing
Officer and EVP Jared, and Toni Zehrer, Chief Merchandising Officer, add
significant capability to our core merchandising, marketing, and store
operations organizations,” said Drosos. “This is key to accelerating our
Customer First strategy in year two of our Path to Brilliance
transformation.”

The above changes will have no impact on Signet’s external financial
reporting structure. The company will continue to report segments
as North America and International.

About Signet and Safe Harbor Statement:

Signet Jewelers Limited is the world’s largest retailer of diamond
jewelry. Signet operates nearly 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 JamesAllen.com. Further
information on Signet is available atwww.signetjewelers.com.
See alsowww.kay.com,
www.zales.com,
www.jared.com,
www.hsamuel.co.uk,
www.ernestjones.co.uk,
www.peoplesjewellers.com,
www.pagoda.com,
andwww.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 US 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 US federal tax reform, the benefits and outsourcing of the
credit portfolio sale including technology disruptions, future financial
results and operating results, the impact of weather-related incidents
on Signet’s business, 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 and R2Net’s
operations and to realize synergies from the Zale and R2Net
transactions, 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 banners, 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
OmniChannel 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, and an adverse decision in legal or regulatory proceedings.
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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