HAMILTON, Bermuda, May 4, 2020 /PRNewswire/ -- Signet Jewelers
Limited ("Signet") (NYSE:SIG), the world's largest retailer of
diamond jewelry, today announced the appointment of Vincent
("Vinnie") Sinisi as Senior Vice President, Investor Relations. His
appointment follows Signet's results ahead of expectations for the
fourth quarter and Fiscal 2020.
"I am excited to have Vinnie join Signet at such an important
inflection point for our business," said Joan Hilson, Chief Financial Officer. "He is an
accomplished executive with extensive financial and investment
background, and I am confident that Signet will benefit from his
experiences and perspective as we accelerate our Path to Brilliance
transformation efforts."
Sinisi has over 15 years of experience as a retail analyst,
including his most recent role as Executive Director, Equity
Research with Morgan Stanley. He held previous positions with Bank
of America – Merrill Lynch, Lehman Brothers and Prudential
Financial, where he focused on retail and real estate portfolio
evaluation.
Signet's new management team, the progress seen with its Path to
Brilliance strategy and the company's capability to emerge as a
result of the strategy with an enhanced competitive advantage drew
Sinisi to this role. He will be responsible for communicating
Signet's strategic growth plans to the investment community and
will continue to build a network of effective relationships with
retail analysts and investors.
The company sincerely thanks Randi Abada, SVP Investor Relations
& Financial Strategy, who has left the company, for her
dedication delivering an effective Path to Brilliance message to
the investment community over the past two years.
About Signet Jewelers
Signet Jewelers Limited is the world's largest retailer of
diamond jewelry. Signet operates approximately 3,200 stores
primarily under the name brands of Kay Jewelers, Zales, Jared,
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.
Safe Harbor Statement:
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.
Investors:
Vincent
Sinisi
SVP Investor Relations
+1 330 665-6530
vincent.sinisi@signetjewelers.com
Media:
Colleen Rooney
Chief Communications Officer
+1 330 668 5932
colleen.rooney@signetjewelers.com
David Bouffard
VP Corporate Affairs
+1 330 668 5369
david.bouffard@signetjewelers.com
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SOURCE Signet Jewelers Ltd.