Perry Ellis International Elects Eduardo Sardiña to Board of Directors
March 18 2010 - 5:51PM
Business Wire
Perry Ellis International (NASDAQ:PERY) announced today the
election of Mr. Eduardo Sardiña as a new independent member to the
Company’s Board of Directors, bringing the total number of
directors to seven and the number of independent directors to
five.
Mr. Sardiña comes to Perry Ellis International’s board with 33
years of experience at Bacardi Limited where he held several senior
executive positions throughout his career. In his most recent role
before retirement from Bacardi in 2006 he served as President and
C.E.O. of Bacardi U.S.A., Inc. Eduardo also served as President of
the Bacardi Limited North America Region as a member of the
Executive Committee as well as a member of the Board of Directors
of Bacardi Limited. He is a graduate of St. Benedict’s College
where he received his bachelor’s degree and from the American
Institute of Foreign Trade where he received his Master’s degree in
International Management.
Mr. Sardiña also has a very strong civic commitment, currently
serving on the boards of the University of Miami, the Orange Bowl
Committee, and the South Florida Advisory Board of SunTrust Bank.
He most recently became a member of the Private Banking and
Investment Group Client Advisory Board of Merrill Lynch, and a
member of the Board for the Institute of Global Justice and
Dialogue at St. Thomas University.
“Eduardo’s strong leadership and operational background,
financial experience, and strong ties to the local community make
him an ideal complement to our board. In addition, I look forward
to his marketing perspectives and international strategic planning
insights as we move into 2010 and continue with our growth plans,”
commented George Feldenkreis, Chairman and CEO of Perry Ellis
International.
About Perry Ellis International
Perry Ellis International, Inc. is a leading designer,
distributor and licensor of a broad line of high quality men's and
women's apparel, accessories, and fragrances. The Company's
collection of dress and casual shirts, golf sportswear, sweaters,
dress and casual pants and shorts, jeans wear, active wear and
men's and women's swimwear is available through all major levels of
retail distribution. The Company, through its wholly owned
subsidiaries, owns a portfolio of nationally and internationally
recognized brands including Perry Ellis®, Jantzen®, Laundry by
Shelli Segal®, C&C California®, Cubavera®, Munsingwear®,
Savane®, Original Penguin® by Munsingwear®, Grand Slam®, Natural
Issue®, Pro Player®, the Havanera Co.®, Axis®, Tricots St.
Raphael®, Gotcha®, Girl Star®, MCD® John Henry®, Mondo di Marco®,
Redsand®, Manhattan®, Axist® and Farah®. The Company enhances its
roster of brands by licensing trademarks from third parties
including Pierre Cardin® for men’s sportswear, Nike® and Jag® for
swimwear, and Callaway®, and PGA TOUR® for golf apparel. Additional
information on the Company is available at http://www.pery.com.
Safe Harbor Statement
We caution readers that the forward-looking statements
(statements which are not historical facts) in this release are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are based on current expectations rather than historical
facts and they are indicated by words or phrases such as
"anticipate," "could," "may," "might," "potential," "predict,"
"should," "estimate," "expect," "project," "believe," "plan,"
"envision," "continue," "intend," "target," "contemplate," or
"will" and similar words or phrases or comparable terminology. We
have based such forward-looking statements on our current
expectations, assumptions, estimates and projections. While we
believe these expectations, assumptions, estimates and projections
are reasonable, such forward-looking statements are only
predictions and involve known and unknown risks and uncertainties,
and other factors that may cause actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements, many of which are beyond our control.
These factors include: general economic conditions, a significant
decrease in business from or loss of any of our major customers or
programs, anticipated and unanticipated trends and conditions in
our industry, including the impact of recent or future retail and
wholesale consolidation, the effectiveness of our planned
advertising, marketing and promotional campaigns, our ability to
contain costs, disruptions in the supply chain, our future capital
needs and our ability to obtain financing, our ability to integrate
acquired businesses, trademarks, tradenames and licenses, our
ability to predict consumer preferences and changes in fashion
trends and consumer acceptance of both new designs and newly
introduced products, the termination or non-renewal of any material
license agreements to which we are a party, changes in the costs of
raw materials, labor and advertising, our ability to carry out
growth strategies including expansion in international and direct
to consumer retail markets, the level of consumer spending for
apparel and other merchandise, our ability to compete, exposure to
foreign currency risk and interest rate risk, possible disruption
in commercial activities due to terrorist activity and armed
conflict, and other factors set forth in Perry Ellis
International's filings with the Securities and Exchange
Commission. Investors are cautioned that all forward-looking
statements involve risks and uncertainties, including those risks
and uncertainties detailed in Perry Ellis' filings with the SEC.
You are cautioned not to place undue reliance on these
forward-looking statements, which are valid only as of the date
they were made. We undertake no obligation to update or revise any
forward-looking statements to reflect new information or the
occurrence of unanticipated events or otherwise.
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