VANCOUVER, March 15, 2017 /CNW/ - RYU Apparel Inc.
("RYU" or the "Company") (TSX VENTURE: RYU &
Frankfurt Stock Exchange: RYA), a global, athletic tech-style
apparel brand engineered for the fitness, training and performance
of the multi-discipline athlete, is pleased to announce the
appointment of Brett Pawson as the
Company's Senior Vice President, Retail and Operations on
March 1, 2017.
Mr. Pawson is an entrepreneur, executive and manager with over
15 years of sales and operations experience in the retail, consumer
goods and wellness sectors. He has extensive experience in the
athletic apparel space and his past experiences include successful
franchise roles with lululemon athletica, The Body Shop and
national distribution for pluggz Footwear. He was instrumental in
establishing lululemon athletica in Saskatoon, Saskatchewan as one of the top
performing stores in the company and creating many new programs for
leadership development, community building, out of store events and
sales performance. Mr. Pawson has a Bachelor of Commerce degree
from the University of
Saskatchewan.
In connection with Mr. Pawson's appointment, the Company entered
into an executive employment agreement dated March 1, 2017 with Mr. Pawson, whereby, among
other terms, the Company agreed that (i) it will pay Mr. Pawson a
base salary of $125,000 per year,
(ii) grant him 250,000 stock options, and (iii) Mr. Pawson
will be eligible to participate in the Company's bonus and other
incentive compensation plans and programs for the Company's senior
employees.
For regular updates on RYU Apparel visit: http://ryu.com.
About RYU
RYU Apparel Inc. is tailored innovation for
the urban athlete. Designed without compromise, RYU engineers
apparel and accessories for the fitness and training of the
multi-discipline athlete. Created for athletes by athletes, RYU
exists to facilitate human performance. For more information,
visit: http://ryu.com.
On Behalf of the Board
RYU APPAREL INC.
"Marcello
Leone"
Marcello Leone,
CEO, President and Chairman of the Board
Tel: 604-235-2880
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE RYU Apparel Inc.