Signet Jewelers announced that, after twelve years at the company, Virginia “Gina” C. Drosos is planning to retire as Chief Executive Officer and as a member of the Board of Directors, effective 4th November, 2024. Following a thoughtful succession planning and search process, the Board has appointed J.K. Symancyk to succeed Drosos as Chief Executive Officer, and he will also join the Board at that time. Following her retirement, Drosos will continue as an advisor through the end of the company’s fiscal year to support a smooth transition.
The company also today announced that it has expanded responsibilities for Joan Hilson, Chief Financial, Strategy and Services Officer. In her new role as Chief Financial and Operating Officer, Hilson will oversee supply chain and Blue Nile and James Allen along with her current oversight of Rocksbox, finance, strategy, real estate and the Services business. Hilson has served as Chief Financial Officer of Signet since 2019 and has been instrumental in the Company’s transformation.
“It has been a true honour to serve Signet for the past twelve years as a member of the Board and the past seven as CEO. With the ongoing successful execution of our Inspiring Brilliance strategy and the path established for our next phase of growth, now is the right time for this planned leadership transition,” said Drosos.
“I am proud of and thankful for our team and partners. Together, we have delivered strong results and transformed Signet into a purpose-inspired and modern jewellery industry leader – creating a truly connected commerce shopping experience, a strong financial platform, and a diverse, inclusive and winning culture. The company is poised to deliver a brilliant future with long-term, sustainable growth. I look forward to working with J.K., the Signet team, and the Board to ensure a smooth transition.”
Symancyk said, “I am honoured to join Signet as its next CEO and continue advancing the strategy that Gina and the team have established. Signet’s position as a leading global jewellery retailer with a diverse portfolio of renowned brands provides a competitively advantaged foundation for continued growth.”
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