Signet Jewelers Announces Nomination of Jonathan Seiffer as New Director
April 30 2019 - 7:12AM
Business Wire
Signet Jewelers Limited (NYSE: SIG) today announced that its
Board of Directors nominated Jonathan Seiffer as a new director for
election at the company’s 2019 Annual Meeting of Stockholders.
Seiffer is a Senior Partner at Leonard Green & Partners, L.P.
and has been an observer to the Signet Board since October
2016.
“We are pleased to recommend Jonathan for election at Signet’s
2019 Annual Meeting, as we continue to align the Board’s
composition with the skills necessary to guide the company’s Path
to Brilliance transformation,” said H. Todd Stitzer, Chairman of
Signet Jewelers. “Jonathan brings a comprehensive retail background
and extensive experience working with companies undergoing
transformations, as well as investor perspective. Having served as
an independent observer to the Board for the past several years,
Signet has benefited from his counsel and we believe Jonathan will
continue to be a valuable contributor in this increased
capacity.”
Leonard Green has been a strategic investor in Signet since
2016, holding approximately 12% of the company’s outstanding common
shares on an as-converted basis.
As previously planned under the Board’s tenure policy, Marianne
Miller Parrs and Thomas Plaskett will not stand for reelection at
the 2019 Annual Meeting of Stockholders. With these changes, the
Signet Board size will be reduced to 11.
“We thank Marianne and Tom for their valuable contributions
during the past decade,” added Stitzer. "We appreciate their
tireless dedication and their contributions to our shareholders and
to management.”
About Jonathan Seiffer
Seiffer is a Senior Partner at Leonard Green. He joined Leonard
Green in 1994 and previously worked in corporate finance at
Donaldson, Lufkin & Jenrette in Los Angeles. Seiffer has
extensive experience serving on the boards of retail companies, as
well as those undergoing transformations. He currently serves on
the Boards of Directors of Aersale, Authentic Brands Group, BJ's
Wholesale Club, Caliber Collision Centers, Mister Car Wash and SRS
Distribution, and previously served on the board at Whole Foods
Markets. Seiffer earned a Bachelor of Applied Science degree in
Systems Engineering and a Bachelor of Science degree in Economics
from the University of Pennsylvania.
About Signet and Safe Harbor
Statement:
Signet Jewelers Limited is the world's largest retailer of
diamond jewelry. Signet operates approximately 3,300 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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190430005525/en/
Randi Abada, SVP Corporate Finance Strategy & Investor
Relations+1 330 668 3489 randi.abada@signetjewelers.com
David Bouffard, VP Corporate Affairs+1 330 668 5369
david.bouffard@signetjewelers.com
Signet Jewelers (NYSE:SIG)
Historical Stock Chart
From Apr 2024 to May 2024
Signet Jewelers (NYSE:SIG)
Historical Stock Chart
From May 2023 to May 2024