|Diamond jewelry retailer Signet Jewelers Limited (Signet) has announced the retirement of the company's Executive Vice President and Chief Merchandising Officer Stuart Lee, and Senior Vice President of Signet Direct Diamond Sourcing, Clark McEwen.
The full text of the announcement follows below:
SIGNET JEWELERS ANNOUNCES RETIREMENT OF EXECUTIVE VICE PRESIDENT AND CHIEF MERCHANDISING OFFICER; SENIOR VICE PRESIDENT OF SIGNET DIRECT DIAMOND SOURCING
HAMILTON, Bermuda, May 3, 2017 - Signet Jewelers Limited ("Signet") (NYSE:SIG), the world's largest retailer of diamond jewelry, announced today the retirement of industry veterans Stuart Lee, Executive Vice President and Chief Merchandising Officer; and Clark McEwen, Senior Vice President of Signet Direct Diamond Sourcing.
As communicated in recent months, Signet continues to adapt to changing market conditions and is committed to building an organization of the future, designed to enable execution of key business priorities including strengthening customer service, enhancing digital capabilities and driving profitable growth.
In careers spanning decades, Lee and McEwen have demonstrated industry leadership with integrity in a number of areas, ranging from developing branded diamond and jewelry programs, to helping ensure consumer confidence in the products we sell.
"Over the past many years, Stuart and Clark have been shining examples of the type of team members that have helped Signet to become the great business it is today," said Chief Executive Officer Mark Light. "It is with mixed emotions that I announce the retirement of these two remarkable individuals who have been instrumental to our Company's growth and success."
Stuart Lee, Executive Vice President and Chief Merchandising Officer
Lee began his career at Signet as a Director of Gold in the Merchandising department in August 1996. Lee later went on to become the Director of Jared Merchandising & Corporate Watches, helping grow the Jared® The Galleria of Jewelry store brand by introducing new jewelry lines like LeVian® which became one of the largest volume brands within Signet stores and The Leo® branded diamond. Shortly after, he was promoted to Vice President of Corporate Merchandising. In April 2012, Stuart was promoted to Senior Vice President of Merchandising & General Manager. In July of 2015, Lee became Executive Vice President of Merchandising.
Clark McEwen, Senior Vice President of Signet Direct Diamond Sourcing
Clark McEwen began his career with Signet in 2011 and spent 32 years in the diamond industry. Clark is considered one of the world's preeminent experts in the global diamond supply chain. Prior to joining Signet, McEwen has served as Global Marketing Manager for Rio Tinto Diamonds, Chief Operating Officer and Vice President of Marketing for The Gemesis Corporation, Manager of CanadaMark for BHP Billiton, Managing Director at Triton Trading BVBA, Vice President of Purchasing at TDS Ltd. and Diamond Controller and Director of Loose Diamond Division at Spence Diamonds Ltd.While at Signet, McEwen was focused on both strategic development and operational execution of the company's pursuit of establishing an efficient and profitable diamond supply chain with regard to the rough procurement and the manufacturing and distribution of polished diamonds.