HAMILTON, Bermuda, May 4, 2020 /PRNewswire/ -- Signet Jewelers Limited ("Signet") (NYSE:SIG), the world's largest retailer of diamond jewelry, today announced the appointment of Vincent ("Vinnie") Sinisi as Senior Vice President, Investor Relations. His appointment follows Signet's results ahead of expectations for the fourth quarter and Fiscal 2020.
"I am excited to have Vinnie join Signet at such an important inflection point for our business," said Joan Hilson, Chief Financial Officer. "He is an accomplished executive with extensive financial and investment background, and I am confident that Signet will benefit from his experiences and perspective as we accelerate our Path to Brilliance transformation efforts."
Sinisi has over 15 years of experience as a retail analyst, including his most recent role as Executive Director, Equity Research with Morgan Stanley. He held previous positions with Bank of America – Merrill Lynch, Lehman Brothers and Prudential Financial, where he focused on retail and real estate portfolio evaluation.
Signet's new management team, the progress seen with its Path to Brilliance strategy and the company's capability to emerge as a result of the strategy with an enhanced competitive advantage drew Sinisi to this role. He will be responsible for communicating Signet's strategic growth plans to the investment community and will continue to build a network of effective relationships with retail analysts and investors.
The company sincerely thanks Randi Abada, SVP Investor Relations & Financial Strategy, who has left the company, for her dedication delivering an effective Path to Brilliance message to the investment community over the past two years.
About Signet Jewelers
Signet Jewelers Limited is the world's largest retailer of diamond jewelry. Signet operates approximately 3,200 stores primarily under the name brands of Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples, Piercing Pagoda, and JamesAllen.com. Further information on Signet is available at www.signetjewelers.com.
Safe Harbor Statement:
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 results of operation, financial condition, liquidity, prospects, growth, strategies and the industry in which Signet operates. The use of the words "expects," "intends," "anticipates," "estimates," "predicts," "believes," "should," "potential," "may," "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, including, but not limited to, our ability to implement Signet's transformation initiative, the effect of US federal tax reform and adjustments relating to such impact on the completion of our quarterly and year-end financial statements, changes in interpretation or assumptions, and/or updated regulatory guidance regarding the US federal tax reform, the benefits and outsourcing of the credit portfolio sale including technology disruptions, future financial results and operating results, the impact of weather-related incidents on Signet's business, deterioration in the performance of individual businesses or of the Company's market value relative to its book value, resulting in impairments of fixed assets or intangible assets or other adverse financial consequences, including tax consequences related thereto, especially in view of the Company's recent market valuation, and our ability to successfully integrate Zale Corporation and R2Net's operations and to realize synergies from the Zale and R2Net transactions, general economic conditions, potential regulatory changes or other developments following the United Kingdom's announced intention to negotiate a formal exit from the European Union, a decline in consumer spending, the merchandising, pricing and inventory policies followed by Signet, the reputation of Signet and its banners, the level of competition in the jewelry sector, the cost and availability of diamonds, gold and other precious metals, regulations relating to customer credit, seasonality of Signet's business, financial market risks, deterioration in customers' financial condition, exchange rate fluctuations, changes in Signet's credit rating, changes in consumer attitudes regarding jewelry, management of social, ethical and environmental risks, the development and maintenance of Signet's OmniChannel retailing, security breaches and other disruptions to Signet's information technology infrastructure and databases, inadequacy in and disruptions to internal controls and systems, changes in assumptions used in making accounting estimates relating to items such as extended service plans and pensions, risks related to Signet being a Bermuda corporation, the impact of the acquisition of Zale Corporation on relationships, including with employees, suppliers, customers and competitors, and an adverse decision in legal or regulatory proceedings. For a discussion of these and other risks and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statement, see the "Risk Factors" section of Signet's Fiscal 2018 Annual Report on Form 10-K filed with the SEC on April 2, 2018 and quarterly reports on Form 10-Q 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.
SVP Investor Relations
+1 330 665-6530
Chief Communications Officer
+1 330 668 5932
VP Corporate Affairs
+1 330 668 5369
SOURCE Signet Jewelers Ltd.