Signet Jewelers, the world’s largest retailer of diamond jewelry, announced that H. Todd Stitzer would be completing his term as Chair and member of Signet’s Board of Directors in June, effective immediately following Signet’s Annual General Meeting. The Company’s Director Tenure Policy includes a 12-year term limit which Stitzer will meet as of the 2024 Annual General Meeting.
“Todd’s trusted guidance, unwavering support, and effective counsel have been an invaluable asset to Signet over the course of his tenure,” said Signet Chief Executive Officer Virginia C. Drosos. “I speak for the entire Board when I say we are grateful for his leadership and vision as we’ve worked to transform Signet into the purpose-led and financially strong company it is today.
During Todd’s tenure the Company has returned more than $3.5B to shareholders, more than tripled liquidity, and delivered total shareholder return of 183%, more than three times the peer group median.”
“It has been a privilege to serve on the Signet Board over the last twelve years,” said Stitzer. “As my tenure as Chair comes to an end, I’m struck by how far we’ve come – transforming the culture of the Company from the inside out, navigating through a pandemic and modernizing Signet’s powerhouse consumer-facing banners. I’m incredibly proud of the progress we’ve all made together and can’t wait to see what’s to come.”
The Company also announced today that the Board appointed Helen McCluskey to succeed Stitzer as Signet’s non-executive Chair.
“Helen is steeped in the ins and outs of Signet’s business and has added great value to the Board since joining,” said Brian Tilzer, Chair of Signet’s Governance and Technology Committee. “We are pleased to welcome Helen as the new Chair and look forward to continuing to tap into her deep background in retail and understanding of the consumer and Signet.”
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