Bombay Announces Carreker's Departure From Board
2006年5月16日 - 5:15AM
PRニュース・ワイアー (英語)
FORT WORTH, Texas, May 15 /PRNewswire-FirstCall/ -- The Bombay
Company, Inc. (NYSE:BBA) announced today that Mr. James D. Carreker
will end his employment with the Company and resign from its Board
of Directors effective with the conclusion of his contract on June
3, 2006. The Company previously announced that, as a part of its
succession planning process, Mr. Carreker's contract was not going
to be automatically renewed, and that he would be working with the
Board to recruit a new Chief Executive Officer. Mr. Nigel Travis,
Lead Director for Bombay, noted, "On behalf of the Board of
Directors, I would like to thank Jim for his hard work and
dedication to Bombay for the last three years. He initiated the
repositioning of the Company's stores, infrastructure and
merchandise assortment, all important strategic changes necessary
to create long-term shareholder value. The Company must now rebuild
positive sales momentum and a sustained market position in a
continuing difficult environment." "I would like to thank the
Board, management and especially the employees of Bombay for their
hard work over the last three years in helping to build the Bombay
of the future," said Mr. Carreker. "Difficult decisions were made,
such as rapidly moving a large number of our stores off-mall, that
were disruptive to our business and customers, but were necessary
for Bombay's future growth and success. It is now time for new
leadership to capitalize on the changes and drive shareholder
value. Further, good corporate governance makes my stepping down
from the Board the right thing to do," continued Mr. Carreker. Mr.
Travis further noted, "The search for our new CEO is progressing
well and we expect to name the new leader in the near future. In
the event the new CEO is not on board by Jim's departure, we have
an experienced executive committee to manage the Company's
operations for any interim period under the leadership of Steve
Woodward, Executive Vice President, who would report to the
Governance Committee." The Bombay Company, Inc. designs, sources
and markets a unique line of home accessories, wall decor and
furniture through 481 retail outlets, specialty catalogs and the
Internet in the U.S. and internationally. Any statements in this
press release that may be considered forward- looking statements
are subject to risks and uncertainties that could cause actual
results to differ materially. Actual results may differ from
forward- looking statements due to the risk factors discussed in
the periodic reports filed by the Company with the Securities and
Exchange Commission, which the Company urges investors to consider.
http://www.newscom.com/cgi-bin/prnh/20051026/BOMBAYLOGO
http://photoarchive.ap.org/ DATASOURCE: The Bombay Company, Inc.
CONTACT: Elaine D. Crowley, Sr. Vice President, Chief Financial
Officer of The Bombay Company, Inc., +1-817-347-8200 Web site:
http://www.bombaycompany.com/
Copyright
Bombay (NYSE:BBA)
過去 株価チャート
から 8 2024 まで 9 2024
Bombay (NYSE:BBA)
過去 株価チャート
から 9 2023 まで 9 2024
Real-Time news about Bombay CO (ニューヨーク証券取引所): 0 recent articles
その他のBombay COニュース記事