TORONTO, Sept. 25, 2020 /CNW/ - Leon's Furniture
Limited ("LFL" or the "Company")
(TSX: LNF), today announced the appointment of four
proven executives to key leadership roles within the Company.
- Mr. Mike Walsh has
been appointed President and Chief Operating Officer of the LFL
Group. Mr. Walsh is a seasoned retailer with over 30 years
experience. He has been the President of the Leon's Furniture
division of the Company for the past five years.
- Mr. Graeme Leon will
succeed Mr. Walsh as President of the Leon's Furniture division.
Mr. Leon has worked at the Company for 40 years. He was most
recently the Vice-President of Merchandising for the Leon's
Furniture division for the past five years and previously held the
position of National Store Operations Manager for the Leon's
Furniture division.
- Mr. Danny Leon will
become Vice-President of Merchandising for the Leon's Furniture
division. Most recently, Mr. Leon was the Vice-President of
Operations for the Brick division and previously held the position
of Vice-President of Merchandising for that division of the
Company.
- Ms. Darci Walker was
appointed Vice-President of Operations for The Brick. Ms. Walker
brings 38 years of experience across several operational functions
at The Brick to her new role. Most recently, Ms. Walker was Sr.
Director, Distribution, where she was instrumental in developing a
shared services model for distribution in Delta, B.C. Her
appointment was effective on September 1,
2020, whereas the other appointments are effective as of
October 1, 2020.
Management Commentary
"LFL has always maintained a commitment to the long-term
development of its associates and to providing consistently
challenging opportunities for everyone within the Company, and so
it is always a pleasure to announce the progression of hard working
professionals to senior management positions within the Company,"
said Mr. Edward Leon,
Chief Executive Officer of LFL Group. "Each of the individuals
here has made a substantial contribution to the operating and
financial results that LFL has generated over the past several
years, by ensuring that our product strategy and distribution
networks work together to ensure an unparalleled experience for our
valued customers, coast-to-coast. I am confident that LFL has one
of the best and most seasoned teams in Canadian retail, with a
tremendous level of knowledge, leadership and expertise that will
continue to translate into great customer experiences and solid
shareholder returns, for many years to come."
About Leon's Furniture Limited
LFL is the largest retailer of furniture, mattresses, appliances
and electronics in Canada. Our
retail banners include: Leon's; The Brick; Brick Outlet; and The
Brick Mattress Store. Finally, with The Brick's Midnorthern
Appliance banner alongside Leon's Appliance Canada banner, this
makes the Company the country's largest commercial retailer of
appliances to builders, developers, hotels and property management
companies. The Company has 304 retail stores from coast to coast in
Canada under various banners. The
Company operates three websites:
leons.ca, thebrick.com and its newest
site, furniture.ca. For more information,
visit lflgroup.ca.
Cautionary Statement
This press release may contain forward-looking statements that
are subject to known and unknown risks and uncertainties that could
cause actual results to vary materially from targeted results. Such
risks and uncertainties include those described in Leon's Furniture
Limited's periodic reports including the annual report or in the
filings made by Leon's Furniture Limited from time to time with
securities regulatory authorities.
This News Release may include certain "forward-looking
statements" which are not comprised of historical facts.
Forward-looking statements include estimates and statements that
describe the Company's future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be
identified by such terms as "believes", "anticipates", "expects",
"estimates", "may", "could", "would", "will", or "plan". Since
forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. Although these statements are
based on information currently available to the Company, the
Company provides no assurance that actual results will meet
management's expectations. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Forward looking information in this news release
includes, but is not limited to, the Company's objectives, goals or
future plans, and estimates of market conditions. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to failure
to identify beneficial business opportunities, failure to convert
the potential in the pursued business opportunities to tangible
benefits to the Company or its shareholders, the ability of the
Company to counteract the potential impact of the COVID-19
coronavirus on factors relevant to the Company's business, delays
in obtaining or failures to obtain required shareholder and TSX
approvals, changes in equity markets, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the
development of projects, and those risks set out in the Company's
public documents filed on SEDAR. Although the Company believes that
the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
SOURCE Leon's Furniture Limited