Executive Changes for Signet Jewelers (SIG)

Executive Changes for Signet Jewelers (SIG)


On Tuesday, jewelry retailer Signet Jewelers Ltd. (SIG) announced some executive changes for the company’s UK division.

Signet’s CEO of the UK division Rob Anderson will leave the company at the end of July. Sebastian Hobbs has been promoted to managing director for the company’s UK division.

The company’s CEO Mike Barnes commented, “I am pleased to announce the promotion of Seb to Managing Director of our UK division. Seb has made important contributions to our UK division, and we believe his experience in UK retailing and strategy make him a perfect fit for this role. I also want to thank Rob Anderson for his 13 years of dedicated service to Signet’s UK division.”

Hobbs began at the company in 2011 as a Commerical Director. Prior to joining the company, he was Group Commercial Director of Blacks Leisure Group.

Signet Jewelers shares were mostly flat during pre-market trading Tuesday. The stock is up 33% YTD.

The Bottom Line

Shares of Signet Jewelers Ltd. (SIG) have a 0.86% yield, based on Monday’s closing price of $70.01.

Signet Jewelers Ltd. (SIG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

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