Build-A-Bear Workshop, Inc. Names Craig Leavitt as Non-Executive Chairman of the Board of Directors
08 1월 2018 - 8:45PM
Business Wire
Build-A-Bear Workshop, Inc. (NYSE:BBW) announced today that
Craig Leavitt has been appointed as Non-Executive Chairman of the
Company’s board of directors. Mr. Leavitt, 57, will serve as a
member of the Audit Committee and the Compensation and Development
Committee.
Mr. Leavitt served as Chief Executive Officer of Kate
Spade & Company, a publicly traded operator of global,
multichannel lifestyle brands, from February 2014 until August 2017
when the company was acquired by Coach, Inc. From October 2010
until February 2014, he was Chief Executive Officer of Kate Spade
New York, a division of Fifth & Pacific Companies, Inc. He
served as Co-President and Chief Operating Officer of Kate
Spade, LLC from April 2008 through October 2010. Prior to
joining Kate Spade, LLC, Mr. Leavitt was President of
Global Retail at Link Theory Holdings, where he had total
responsibility for merchandising, operations, planning, allocation
and real estate for the Theory and Helmut Lang retail businesses.
Previously, Mr. Leavitt spent several years at Diesel, most
recently as Executive Vice President of Sales and Retail.
Mr. Leavitt also spent 16 years at Polo Ralph Lauren,
where he held positions of increasing responsibility, the last
being Executive Vice President of Retail Concepts. He holds a
Bachelor of Arts from Franklin & Marshall College and resides
in New York.
“We are pleased to be taking actions to further enhance the
strength of our board of directors. Craig will be joining our board
as non-executive chairman after a lengthy selection process
directed by our Nominating and Corporate Governance Committee with
assistance from Russell Reynolds Associates. He has extensive
experience in the areas of strategic planning, product development
and innovation, marketing, store operations, and real estate. With
Craig’s background, including his service as Chief Executive
Officer of a publicly traded company, we believe his insights and
perspectives regarding strategic planning, leadership, stockholder
relations, business operations, brand management, marketing, and
business development will be tremendously beneficial to our success
as we continue to execute our stated strategy that is focused on
transforming our operating model to capitalize on changing consumer
shopping patterns while diversifying and growing revenue streams
that leverage the power of the Build-A-Bear brand,” said Sharon
Price John, president and chief executive officer, Build-A-Bear
Workshop. “Our directors continue to work with Russell Reynolds to
identify additional talent for our board as we continue of our
multiyear systematic process of evolving our board of directors to
better align skill sets with our stated strategy to evolve to
sustained profitable growth and drive long-term shareholder
value.”
About Build-A-Bear
Founded in St. Louis in 1997, Build-A-Bear is a global brand
kids love and parents trust that seeks to add a little more heart
to life. Build-A-Bear Workshop has over 450 stores worldwide where
guests can create customizable furry friends, including
company-owned stores in the United States, Canada, Denmark,
Ireland, Puerto Rico, the United Kingdom and China, and franchise
stores in Africa, Asia, Australia, China, Europe, Mexico and the
Middle East. The company was named to the FORTUNE 100 Best
Companies to Work For® list for the ninth year in a row in 2017.
Build-A-Bear Workshop, Inc. (NYSE:BBW) posted a total revenue of
$364.2 million in fiscal 2016. For more information, visit the
Investor Relations section of buildabear.com.
Forward-Looking Statements
This press release contains certain statements that are, or may
be considered to be, “forward-looking statements” for the purpose
of federal securities laws, including, but not limited to,
statements that reflect our current views with respect to future
events and financial performance. We generally identify these
statements by words or phrases such as “may,” “might,” “should,”
“expect,” “plan,” “anticipate,” “believe,” “estimate,” “intend,”
“predict,” “future,” “potential” or “continue,” the negative or any
derivative of these terms and other comparable terminology. All of
the information concerning our stated strategies and the timing of
the Company’s search for a new director, as well as our assumptions
underlying such information, constitute forward-looking
information. These statements are based only on our current
expectations and projections about future events. All of our
forward-looking statements are as of the date of this press release
only and we can give no assurance that such expectations or
forward-looking statements will prove to be correct. Except as
required by law, the Company does not undertake to publicly update
or revise its forward-looking statements, whether as a result of
new information, future events or otherwise.
All other brand names, product names, or trademarks belong to
their respective holders.
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version on businesswire.com: http://www.businesswire.com/news/home/20180108005432/en/
Build-A-Bear WorkshopInvestors:Voin Todorovic, 314-423-8000 x
5221orMedia:Beth Kerleybethk@buildabear.com
Build A Bear Workshop (NYSE:BBW)
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