HAMILTON, Bermuda–(BUSINESS WIRE)–Signet Jewelers Limited (NYSE: SIG) today announced that its Board of
Directors nominated Jonathan Seiffer as a new director for election at
the company’s 2019 Annual Meeting of Stockholders. Seiffer is a Senior
Partner at Leonard Green & Partners, L.P. and has been an observer to
the Signet Board since October 2016.
“We are pleased to recommend Jonathan for election at Signet’s 2019
Annual Meeting, as we continue to align the Board’s composition with the
skills necessary to guide the company’s Path to Brilliance
transformation,” said H. Todd Stitzer, Chairman of Signet Jewelers.
“Jonathan brings a comprehensive retail background and extensive
experience working with companies undergoing transformations, as well as
investor perspective. Having served as an independent observer to the
Board for the past several years, Signet has benefited from his counsel
and we believe Jonathan will continue to be a valuable contributor in
this increased capacity.”
Leonard Green has been a strategic investor in Signet since 2016,
holding approximately 12% of the company’s outstanding common shares on
an as-converted basis.
As previously planned under the Board’s tenure policy, Marianne Miller
Parrs and Thomas Plaskett will not stand for reelection at the 2019
Annual Meeting of Stockholders. With these changes, the Signet Board
size will be reduced to 11.
“We thank Marianne and Tom for their valuable contributions during the
past decade,” added Stitzer. “We appreciate their tireless dedication
and their contributions to our shareholders and to management.”
About Jonathan Seiffer
Seiffer is a Senior Partner at Leonard Green. He joined Leonard Green in
1994 and previously worked in corporate finance at Donaldson, Lufkin &
Jenrette in Los Angeles. Seiffer has extensive experience serving on the
boards of retail companies, as well as those undergoing transformations.
He currently serves on the Boards of Directors of Aersale, Authentic
Brands Group, BJ’s Wholesale Club, Caliber Collision Centers, Mister Car
Wash and SRS Distribution, and previously served on the board at Whole
Foods Markets. Seiffer earned a Bachelor of Applied Science degree in
Systems Engineering and a Bachelor of Science degree in Economics from
the University of Pennsylvania.
About Signet and Safe Harbor Statement:
Signet Jewelers Limited is the world’s largest retailer of diamond
jewelry. Signet operates approximately 3,300 stores primarily under the
name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry,
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,
Randi Abada, SVP Corporate Finance Strategy & Investor Relations
330 668 3489 email@example.com
David Bouffard, VP Corporate Affairs
+1 330 668 5369 firstname.lastname@example.org