Andrea Limbardi
appointed President and Chief Executive Officer Stephen
Reitman appointed Executive Chair
MONTREAL, June 6, 2023
/CNW/ - Reitmans (Canada) Limited
("RCL" or the "Company") (TSXV: RET), Canada's leading specialty apparel retailer,
is pleased to announce that Andrea
Limbardi has been named President and Chief Executive
Officer, effective September 5, 2023.
Stephen Reitman, current President
and Chief Executive Officer, will assume the position of Executive
Chairman of the Board, while Daniel
Rabinowicz will take on the position of Vice-Chair and Lead
Independent Director.
Andrea brings a wealth of retail and leadership expertise to
this role. She has over 20 years of experience in operations,
customer service, merchandising, marketing and e-commerce, and is a
thoughtful and visionary leader. Her strategic approach to
innovation, digital-first mindset, and deep understanding of
consumer behavior will enable her to effectively lead RCL at a
pivotal moment in its growth.
On the appointment of Andrea
Limbardi, Mr. Reitman said, "I'm thrilled to have
Andrea joining RCL as the Company's first non-family member CEO.
For 97 years, a member of the Reitman family has been at the helm
of RCL, and it is with great pride and confidence that we turn the
reins over to a skilled and brilliant executive. I know that
Andrea's extensive experience in retail, coupled with her strategic
business acumen and strong leadership abilities will bring her and
the Company much success."
Ms. Limbardi said "I am honoured and excited to be
joining RCL. I am thankful to Stephen and the entire Board for
their confidence, and I look forward to their partnership to
continue to grow this iconic Canadian retailer. I am also excited
to work with and meet the incredible teams at RCL's three banners:
Reitmans, Penningtons, and RW&CO."
About Reitmans (Canada) Limited
The Company is a leading women's specialty apparel retailer with
retail outlets throughout Canada.
As at January 28, 2023, the Company
operated 406 stores consisting of 235 Reitmans, 91 Penningtons and
80 RW&CO.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Reitmans (Canada)
Limited