HAMILTON,
Bermuda, Feb. 28, 2024 /PRNewswire/ -- Signet
Jewelers Limited ("Signet" or the "Company") (NYSE:SIG), the
world's largest retailer of diamond jewelry, today announced the
appointment of Sandra Cochran to its
Board of Directors ("Board"), effective on February
27, 2024. The Board also appointed Ms. Cochran as a member of
the Human Capital Management and Compensation Committee. Her
appointment temporarily increased the size of the Board from 12 to
13 members, 12 of whom are independent, as we transition toward
tenure limitations being reached on the Board under the Company's
Director Tenure Policy.
"Sandy's rich background in retail, coupled with
her strong executive leadership skills and deep financial
expertise, will make her an incredibly valuable member of the
Signet Board of Directors," said H. Todd
Stitzer, Board Chairman. "She embodies the combination of
skills we need to continue to build the Signet of the future. I'm
thrilled to welcome Sandy to the Board and believe that her
experience in critical areas like marketing, risk management and
strategic planning will help to further support Signet's
transformation, led by CEO Gina
Drosos."
About Sandra
Cochran
Cochran brings to Signet more than 25 years of
retail experience, most recently serving as president and chief
executive officer of Cracker Barrel Old Country Store,
Inc. from September 2011 to this
past November when she became Executive Chair of the company and
served in such position until February 22,
2024. She joined Cracker Barrel as chief financial
officer in 2009 and was named president and chief operating officer
the following year. Throughout her tenure, she was credited
with driving strong performance, creating shareholder value,
recruiting and developing key talent, and championing a culture
that allowed the company to pivot quickly to new strategies based
on always-evolving customer needs.
Cochran previously served as chief executive
officer of Books-A-Million, Inc. from 2004-2009. She currently sits
on the board of Lowe's Companies, Inc. and, in addition to her
prior service on the board of Cracker Barrel, previously served on
the board of Dollar General Corporation.
"I'm delighted to join the Signet Board and see
so much overlap between the work that I led at Cracker Barrel and
the focus that Signet has on investing in the customer experience
and leveraging loyalty, technology and personalization to help
drive the business," Cochran said. "I look forward to helping
Signet execute on its strategic priorities while also continuing to
Inspire Love around the world."
For more information regarding the Signet Board,
please see
http://www.signetjewelers.com/investors/corporate-governance/default.aspx.
Our Purpose and Sustainable Growth:
As
a company with a Purpose-inspired business strategy, Signet is
committed to ongoing leadership in Corporate Citizenship &
Sustainability. Signet released its Fiscal 2023 Corporate
Citizenship & Sustainability Report including a progress report
on its 2030 Corporate Sustainability Goals. The report reflects the
Company's commitment to its Corporate Sustainability framework
defined by Love for All People; Love for Our Team; and Love for Our
Planet and Products. Since the release of its Corporate
Sustainability Goals approximately two years ago, the Company has
successfully integrated the Inspiring Brilliance business strategy
and long-term corporate sustainability initiatives into its culture
and day-to-day business operations. Signet recently celebrated
reaching the $100 million mark in
funds raised throughout its 25-year partnership with St. Jude
Children's Research Hospital®. It also announced a new,
additional $100 million commitment to
St. Jude, which will help to further increase survivorship in
the United States and around the
globe where survivorship rates are much lower.
About Signet and Safe Harbor
Statement:
Signet is the world's largest retailer of
diamond jewelry. As a Purpose-driven and sustainability-focused
company, Signet is a participant in the United Nations Global
Compact and adheres to its principles-based approach to responsible
business. Signet operates approximately 2,700 stores primarily
under the name brands of Kay Jewelers, Zales, Jared, Banter by
Piercing Pagoda, Diamonds Direct, Blue
Nile, JamesAllen.com, Rocksbox, Peoples Jewellers, H.
Samuel, and Ernest Jones. Further
information on Signet is available at www.signetjewelers.com.
See also www.kay.com, www.zales.com, www.jared.com,
www.banter.com, www.diamondsdirect.com, www.bluenile.com,
www.jamesallen.com, www.rocksbox.com, www.peoplesjewellers.com,
www.hsamuel.co.uk, www.ernestjones.co.uk.
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 prospects,
growth and strategies. The use of the words "expects," "intends,"
"anticipates," "estimates," "predicts," "believes," "should,"
"potential," "may," "preliminary," "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 which could cause the actual results to not
be realized. For a discussion of the risks and uncertainties which
could cause actual results to differ materially from those
expressed in any forward looking statement, see the "Risk Factors"
and "Forward-Looking Statements" sections of Signet's Fiscal 2023
Annual Report on Form 10-K filed with the SEC on March 16, 2023 and quarterly reports on Form 10-Q
and the "Safe Harbor Statements" in current reports on Form 8-K
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.
Media:
Colleen Rooney
Chief Communications and ESG Officer
330-668-5932
mediarelations@signetjewelers.com
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SOURCE Signet Jewelers Ltd.