Birks & Mayors Announces Successor to President & CEO
MONTREAL, Jan. 4, 2012
MONTREAL, Jan. 4, 2012 /PRNewswire/ - Dr. Lorenzo Rossi di Montelera, Chairman
of the Board of Birks & Mayors Inc. ("Birks & Mayors" or the "Company") is
pleased to announce that Jean-Christophe Bédos, previously of the
international jewellery house Boucheron, has been named successor to the
Company's current President & CEO, Thomas A. Andruskevich. Mr.Andruskevich
announced in September 2011 that he would be leaving the Company in the Spring
of 2012. Effective today and during Mr. Bédos' first 3 months with the
Company, he will be the Chief Operating Officer reporting jointly to Mr.
Andruskevich as the President & CEO and Dr. Lorenzo Rossi di Montelera as the
Chairman of the Board, to allow for a smooth transition. As of April 1, 2012,
Mr.Bédos will assume the role of the Company's President & CEO.
In making the announcement, Dr. Lorenzo Rossi di Montelera, said: "I am very
pleased to welcome Jean-Christophe Bédos as the successor to the President and
CEO. His experience as President of one of the world's most prestigious luxury
brands and his extensive knowledge of the luxury jewellery and timepiece
industry will be key assets for Birks & Mayors as it continues the development
of the Birks product brand and pursues international expansion."
"I am very grateful for Tom Andruskevich's contributions to the Company, and I
am delighted that he will be able to work closely with his successor to ensure
a seamless transition. The Board is very pleased to see Tom continue as Vice
Chairman of the Board after the transition is complete and to serve on the
Board's Executive Committee," concluded Dr. Rossi di Montelera.
"It is with much pride and enthusiasm that I join Birks & Mayors as the
successor of the President and CEO. Since 1879, with its strong heritage and
reputation, the Company has become a major leader in the manufacturing and
retailing of high-end jewellery and luxury watches in North America," said
Jean-Christophe Bédos. "I am looking forward to building on the Company's
successes, developing our strong brands, and working with a team of dedicated
professionals," he said.
Jean-Christophe Bédos was President and Chief Executive Officer of luxury
brand jeweller Boucheron International, Paris (Gucci Group, PPR) from May 2004
to June 2011. Previously, he was the Managing Director of Cartier France from
2002 to 2004, and International Executive Manager alongside the President of
Richemont International from 2000 to 2002. Mr. Bédos started his career in the
jewellery industry at Cartier in 1988. He holds a Master of Science in
Management from the London Business School, a LLB in International Law from
Université Paris I Sorbonne, a BA (Honours) in European Business from Trent
University, Nottingham and a Bachelor of Arts, European Business, from
Toulouse Business School. Mr. Bédos will be based at the Company's head office
in Montreal, Canada.
About Birks & Mayors Inc.
Birks & Mayors is a leading retailer with 61 luxury jewellery stores in Canada
and the United States. The Company operates 32 stores under the Birks brand in
most major markets in Canada and 26 stores under the Mayors brand in Florida
and Georgia, 2 retail locations in Calgary and Vancouver under the Brinkhaus
brand, and 1 retail location in Orlando, Florida under the Rolex brand. Birks
was founded in 1879 and developed over the years into Canada's premier
retailer, designer and manufacturer of fine jewellery, timepieces, sterling
and plated silverware and gifts. Mayor's was founded in 1910 and has
maintained the intimacy of a family-owned boutique while becoming renowned for
its fine jewellery, time pieces, giftware and service. Additional information
can be found on Birks & Mayors website, www.birksandmayors.com.
For more information:
Director, Public Relations & Events
Birks & Mayors Inc.
Forward Looking Statements
This press release contains certain "forward-looking" statements concerning
the Company's performance and strategies. Because such statements include
various risks and uncertainties, actual results might differ materially from
those projected in the forward-looking statements and no assurance can be
given that the Company will meet the results projected in the forward-looking
statements. These risks and uncertainties include, but are not limited to the
following: (i)economic, political and market conditions, including the
economies of the U.S. and Canada, which could adversely affect our business,
operating results or financial condition, including our revenue and
profitability, through the impact of changes in the real estate markets
(especially in the state of Florida), changes in the equity markets and
decreases in consumer confidence and the related changes in consumer spending
patterns, the impact on store traffic, tourism and sales; (ii)the impact of
fluctuations in foreign exchange rates, increases in commodity prices and
borrowing costs and their related impact on the Company's costs and expenses;
and (iii)the Company's ability to maintain and obtain sufficient sources of
liquidity to fund its operations, to achieve planned sales, gross margin and
net income, to keep costs low, to implement its business strategy, maintain
relationships with its primary vendors, to mitigate fluctuations in the
availability and prices of the Company's merchandise, to compete with other
jewelers, to succeed in its marketing initiatives, and to have a successful
customer service program. Information concerning factors that could cause
actual results to differ materially are set forth in the Company's Annual
Report on Form 20-F filed with the Securities and Exchange Commission on
July8, 2011 and subsequent filings with the Securities and Exchange
Commission. The Company undertakes no obligation to update or release any
revisions to these forward-looking statements to reflect events or
circumstances after the date of this statement or to reflect the occurrence of
unanticipated events, except as required by law.
SOURCE BIRKS & MAYORS INC.
Image with caption: "Jean-Christophe Bédos, previously of the international
jewellery house Boucheron based in Paris, has been named successor to the
current President & CEO of Birks & Mayors Inc., Thomas A. Andruskevich. (CNW
Group/BIRKS & MAYORS INC.)". Image available at:
Contact: <p align="justify"> Eva Hartling<br/> Director, Public Relations &
Events<br/> Birks & Mayors Inc.<br/> 1-514-397-2496<br/> <a
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