Coldwater Creek Announces Management Change
November 17 2009 - 5:00PM
PR Newswire (US)
SANDPOINT, Idaho, Nov. 17 /PRNewswire-FirstCall/ -- Coldwater Creek
Inc. (NASDAQ:CWTR) today announced the resignation of Tim Martin,
Senior Vice President and Chief Financial Officer, effective
November 25, 2009. Mr. Martin, who joined the Company in 2006, has
accepted a position as Chief Financial Officer at another company.
The Company has appointed John E. Hayes, III, Senior Vice President
and General Counsel of Coldwater Creek, to serve as interim Chief
Financial Officer, effective November 25, 2009, until a permanent
successor is named. The Company has initiated a search for a new
Chief Financial Officer. Mr. Hayes joined Coldwater Creek in
February 2009, after serving as the Company's outside corporate and
securities law counsel since 1999. Prior to joining Coldwater
Creek, Mr. Hayes spent 17 years in private law practice, most
recently with Hogan & Hartson, LLP. Dennis Pence, Chairman and
Chief Executive Officer, said, "We are pleased to have John step in
as interim Chief Financial Officer. His knowledge of Coldwater
Creek and our employees and culture, as well as his strong business
acumen, will allow for a successful transition of this important
role. We also want to thank Tim for his services to Coldwater
Creek. He assisted the Company in navigating through an extremely
challenging environment with integrity and dedication and made many
significant contributions to Coldwater Creek. We wish Tim the best
in his new endeavor." Tim Martin said, "I believe in the growth
opportunities for the Company and the strength of the Coldwater
Creek brand. The Company is in good hands with a strong and
qualified leadership team that will continue to prudently manage
the business." Founded in 1984, and headquartered in Sandpoint,
Idaho, Coldwater Creek is a leading specialty retailer of women's
apparel, gifts, jewelry, and accessories. The company sells its
merchandise through premium retail stores across the country,
online at coldwatercreek.com and through its catalogs. Contact: Lyn
Walther, Divisional Vice President, Investor Relations Phone:
208-265-7005 Web site: http://www.coldwatercreek.com/ DATASOURCE:
Coldwater Creek Inc. CONTACT: Lyn Walther, Divisional Vice
President, Investor Relations of Coldwater Creek Inc.,
+1-208-265-7005 Web Site: http://www.coldwatercreek.com/
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