[From Claire Stores Inc.'s 2013 fourth quarter full year results]
Change in Management
Claire's today also announced that James D. Fielding, the Company's Chief Executive Officer, has resigned. The Board of Directors has appointed Beatrice Lafon, President of Claire's Europe, as the Company's new Chief Executive Officer. This management change is effective tomorrow, Wednesday, April 2, 2014.
Peter P. Copses, Chairman of the Board of Directors, commented, "We thank Jim for his contributions as CEO of Claire's over the past two years. Under Jim's leadership, the Company has made important strides in merchandising and extending our e-commerce platform to Icing, Canada and Europe. We wish Jim well in all his future endeavors. In Beatrice, we have
a strong leader with deep retail experience. She has an intimate understanding of our business, and a track record of driving sales in existing locations and successfully opening new stores. The Board of Directors is highly confident in Beatrice's ability to lead Claire's. We are very fortunate to have such a well-qualified successor within the Company."
Beatrice Lafon added, "I am very grateful for the opportunity to lead Claire's as CEO. As President of Claire's Europe over the last three years, I have operated a multinational business across 15 countries in a challenging macro-economic environment. As CEO, I look forward to creating value by leveraging best practices, by maximizing the unique talents of both our North American and European teams as well as by harnessing the strength of our sourcing teams based in Asia. In partnership with our franchisees all over the world, we will seek to maximize Claire's global sales and EBITDA."