Checkpoint Systems, Inc. Appoints Steven Davidson President, Global Apparel Labeling Solutions
October 01 2008 - 8:37AM
Business Wire
Checkpoint Systems, Inc. (NYSE: CKP), a leading manufacturer and
marketer of identification, tracking, security and merchandising
solutions for the retail industry and its supply chain, today
announced that it has appointed Steven Davidson as President,
Global Apparel Labeling Solutions effective immediately. Mr.
Davidson will lead Checkpoint�s global apparel labeling business
with a focus on providing integrated solutions throughout the
apparel supply chain. Prior to joining Checkpoint, Mr. Davidson
held increasingly more responsible positions at the Braitrim Group,
a global full service provider of apparel identification and
packaging products, for the past sixteen years. This included
working over three years in Asia to successfully establish a
manufacturing and service footprint. In 2002, he became Managing
Director EMEA for Spotless Retailer Services where he retained full
P&L responsibility for EMEA, in addition to maintaining global
marketing responsibility for the Braitrim brand. He also held
positions at TCI Marketing Consultancy, K Shoes Group and Unilever.
�We are delighted that Steven has joined the Checkpoint team,� said
Rob van der Merwe, President and Chief Executive Officer of
Checkpoint Systems, Inc. �Steven brings to the Company a broad
range of experience and expertise in the global apparel labeling
industry. He is well known in the industry and was instrumental in
building a $180 million business that served the apparel
identification needs of the leading retailers and apparel
manufacturers across Europe, and Asia.� Checkpoint Systems, Inc.
Checkpoint Systems, Inc. is the leading supplier of retail shrink
management solutions. Checkpoint's global team helps retailers -
and their suppliers - reduce theft, increase inventory visibility
and provide consumers with greater merchandise availability through
the company's rapidly evolving RF technology, expanding shrink
management offerings and Check-Net labeling solutions. Checkpoint
has more than one million RF devices installed in stores today and
has secured more than 100 billion products. Scaling cost
efficiently, Checkpoint's solutions provide increased revenues and
profits to a fast-growing community of successful retailers and a
superior experience for their consumers. Listed on the NYSE
(NYSE:CKP), Checkpoint operates in every major geographic market
and employs 3,900 people worldwide. For more information, visit
www.checkpointsystems.com. Caution Regarding Forward-Looking
Statements This press release includes information that constitutes
forward-looking statements. Forward-looking statements often
address our expected future business and financial performance, and
often contain words such as "expect," "anticipate," "intend,"
"plan," believe," "seek," or "will." By their nature,
forward-looking statements address matters that are subject to
risks and uncertainties. Any such forward-looking statements may
involve risk and uncertainties that could cause actual results to
differ materially from any future results encompassed within the
forward-looking statements. Factors that could cause or contribute
to such differences include: our ability to integrate the
acquisition of the Alpha S3 business and to achieve our financial
and operational goals for Alpha S3; changes in international
business conditions; foreign currency exchange rate and interest
rate fluctuations; lower than anticipated demand by retailers and
other customers for our products; slower commitments of retail
customers to chain-wide installations and/or source tagging
adoption or expansion; possible increases in per unit product
manufacturing costs due to less than full utilization of
manufacturing capacity as a result of slowing economic conditions
or other factors; our ability to provide and market innovative and
cost-effective products; the development of new competitive
technologies; our ability to maintain our intellectual property;
competitive pricing pressures causing profit erosion; the
availability and pricing of component parts and raw materials;
possible increases in the payment time for receivables as a result
of economic conditions or other market factors; changes in
regulations or standards applicable to our products; the ability to
implement cost reduction in field service, sales, and general and
administrative expense, and our manufacturing and supply chain
operations without significantly impacting revenue and profits; our
ability to maintain effective internal control over financial
reporting; and additional matters disclosed in our Securities and
Exchange Commission filings. We do not undertake to update our
forward-looking statements, except as required by applicable
securities laws.
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