TORONTO, May 7, 2019 /CNW/ - Roots ("Roots," "Roots
Canada") (TSX: ROOT), a premium outdoor lifestyle brand, today
announces that Chief Financial Officer, Jim
Rudyk, has resigned to pursue an opportunity at a private,
family-owned food services company. Mr. Rudyk's last day at Roots
will be August 9, 2019.
"On behalf of the Roots team and our Board of Directors, I would
like to thank Jim for all of his contributions to the company over
the last three years, including playing an integral role in our
transition to a public company," said Jim
Gabel, President and CEO, Roots. "We wish him well in his
new role."
Mr. Rudyk will continue in his role as Chief Financial Officer
until his departure from the Company. Roots will commence a formal
search for Mr. Rudyk's replacement immediately, including retaining
a third-party executive search firm.
"This was a very difficult decision for me to make," said
Jim Rudyk. "Roots has an excellent
team and exciting long-term global growth opportunities. I wish my
Roots colleagues all the best for the future."
About Roots
Established in 1973, Roots is a premium
outdoor lifestyle brand. We unite the best of cabin and city
through unmistakable style built with uncompromising comfort and
quality. We offer a broad range of products that embody a
comfortable cabin-meets-city style including: women's and men's
apparel, leather goods, footwear, accessories and kid's, toddler
and baby apparel. Starting from a little cabin in Algonquin Park, Canada, Roots has grown to
become a global brand. As of February 2,
2019, we had 114 stores in Canada, seven in the
United States, 117 partner-operated stores in Taiwan, 37 partner-operated stores in
China, and a global eCommerce
platform. Roots Corporation is a Canadian corporation doing
business as "Roots" and "Roots Canada".
Forward-Looking Information
Certain information in
this press release contains forward-looking information. This
information is based on management's reasonable assumptions and
beliefs in light of the information currently available to us and
are made as of the date of this press release. Actual results and
the timing of events may differ materially from those anticipated
in the forward-looking information as a result of various factors.
Information regarding our expectations of future results,
performance, achievements, prospects or opportunities or the
markets in which we operate is forward-looking information.
Statements containing forward-looking information are not facts but
instead represent management's expectations, estimates and
projections regarding future events or circumstances. Many factors
could cause our actual results, level of activity, performance or
achievements or future events or developments to differ materially
from those expressed or implied by the forward-looking
statements.
See "Forward-Looking Information" and "Risk Factors" in the
Company's current Annual Information Form for a discussion of the
uncertainties, risks and assumptions associated with these
statements. Readers are urged to consider the uncertainties, risks
and assumptions carefully in evaluating the forward-looking
information and are cautioned not to place undue reliance on such
information. We have no intention and undertake no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by applicable securities law.
SOURCE Roots Corporation