Roots Announces Resignation of Chief Financial Officer
TORONTO, May 7, 2019 /CNW/ - Roots ("Roots," "Roots Canada") (TSX: ROOT), a premium outdoor lifestyle brand, today announces that Chief Financial Officer, Jim Rudyk, has resigned to pursue an opportunity at a private, family-owned food services company. Mr. Rudyk's last day at Roots will be August 9, 2019.
"On behalf of the Roots team and our Board of Directors, I would like to thank Jim for all of his contributions to the company over the last three years, including playing an integral role in our transition to a public company," said Jim Gabel, President and CEO, Roots. "We wish him well in his new role."
Mr. Rudyk will continue in his role as Chief Financial Officer until his departure from the Company. Roots will commence a formal search for Mr. Rudyk's replacement immediately, including retaining a third-party executive search firm.
"This was a very difficult decision for me to make," said Jim Rudyk. "Roots has an excellent team and exciting long-term global growth opportunities. I wish my Roots colleagues all the best for the future."
About Roots
Established in 1973, Roots is a premium outdoor lifestyle brand. We unite the best of cabin and city through unmistakable style built with uncompromising comfort and quality. We offer a broad range of products that embody a comfortable cabin-meets-city style including: women's and men's apparel, leather goods, footwear, accessories and kid's, toddler and baby apparel. Starting from a little cabin in Algonquin Park, Canada, Roots has grown to become a global brand. As of February 2, 2019, we had 114 stores in Canada, seven in the United States, 117 partner-operated stores in Taiwan, 37 partner-operated stores in China, and a global eCommerce platform. Roots Corporation is a Canadian corporation doing business as "Roots" and "Roots Canada".
Forward-Looking Information
Certain information in this press release contains forward-looking information. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.
See "Forward-Looking Information" and "Risk Factors" in the Company's current Annual Information Form for a discussion of the uncertainties, risks and assumptions associated with these statements. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.
SOURCE Roots Corporation
Investor Relations, Kristen Davies, [email protected], 416-781-3574 Ext. 4116; Public Relations, Elyse Goody, [email protected], 416-781-3574 Ext. 4332
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