MOVADO GROUP, INC. (NYSE:MOV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Stephen I. Sadove as a Member of the Board of Directors
Movado Group, Inc. (the “Company”) has appointed Mr.Stephen I. Sadove as a member of the Company’s Board of Directors (the “Board”), effective August 23, 2018. Mr. Sadove brings more than 25 years of leadership experience to the Company. Prior to his retirement in November 2013, Mr. Sadove spent 11 years at Saks Incorporated, serving most recently as Chief Executive Officer and Chairman of the Board. Previously, Mr. Sadove held a number of senior management positions throughout his career, including Vice Chairman at Saks Incorporated, President at Bristol-Myers Squibb Worldwide Beauty Care and Nutritionals, and Executive Vice President and General Manager of the Desserts and Meals divisions of General Foods, now known as Kraft General Foods. Mr. Sadove is a graduate of Hamilton College and holds an MBA with distinction from Harvard Business School. Mr. Sadove currently serves on the board for various non-profit organizations, including Hamilton College as Chairman of the Board of Trustees and on the Executive Committee of the National Retail Federation representing retailers from across the United States. He also serves on the board of Colgate-Palmolive, as lead director, Aramark, and Park Hotels and Resorts. Mr. Sadove is also a Founding Partner of JW Levin Management Partners, a private equity firm.
A copy of the press release announcing the appointment of Mr.Sadove to the Board is attached hereto as Exhibit 99.1 and incorporated herein by reference.
|
Item 5.02 |
Financial Statements and Exhibits. |
MOVADO GROUP INC ExhibitEX-99.1 2 eh1801009_ex9901.htm EXHIBIT 99.1 EXHIBIT 99.1 CONTACT: ICR,…To view the full exhibit click here
About MOVADO GROUP, INC. (NYSE:MOV)
Movado Group, Inc. designs, sources, markets and distributes watches. The Company operates through two segments: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. It sells all of its brands to jewelry store chains, department stores and independent jewelers. The Retail segment includes its retail outlet stores. The Company’s subsidiary, Movado Retail Group, Inc., operates approximately 40 outlet stores located in outlet centers across the United States. The Company divides its business into two geographic locations: the United States and International. It has international operations in Europe, the Americas (excluding the United States), the Middle East and Asia. Its portfolio of brands includes Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado and Tommy Hilfiger Watches.
