HAMILTON, Bermuda - Signet Jewelers Limited (NYSE:SIG), a leading diamond jewelry retailer, announced the addition of Sandra Cochran to its Board of Directors, effective Monday. Cochran, who boasts over 25 years of retail experience, also joins the Human Capital Management and Compensation Committee.
Cochran's appointment expands the Board to 13 members, 12 of whom are independent, aligning with the company's Director Tenure Policy. Her retail and leadership expertise, particularly as former CEO of Cracker Barrel (NASDAQ:CBRL) Old Country Store, Inc., is expected to enhance Signet's strategic planning and transformation efforts.
H. Todd Stitzer, Board Chairman of Signet, expressed confidence in Cochran's ability to contribute significantly to the company's future. He highlighted her skills in marketing, risk management, and strategic planning as assets that will support CEO Gina Drosos's leadership.
Cochran's tenure at Cracker Barrel was marked by her role in strengthening performance and shareholder value, as well as fostering a responsive company culture. She has also served as CEO of Books-A-Million, Inc. and holds a position on Lowe's Companies (NYSE:LOW), Inc.'s board.
In her statement, Cochran drew parallels between her previous work and Signet's customer-centric focus and expressed enthusiasm for contributing to the company's strategic priorities.
This announcement follows Signet's recent milestone of raising $100 million for St. Jude Children's Research Hospital and its pledge of an additional $100 million. The company's commitment to corporate sustainability is evident in its recent Corporate Citizenship & Sustainability Report, which outlines progress towards its 2030 goals.
Signet operates under several well-known brand names, including Kay Jewelers, Zales, and Jared, and is a participant in the United Nations Global Compact, reflecting its dedication to responsible business practices.
This news is based on a press release statement and contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially.
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