This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tom Andruskevich Announces Plans To Resign From Birks & Mayors Inc. In Spring 2012; Will Continue In New Board Role As Vice-Chairman

I am leaving because as an enthusiastic student of business, I want to pursue Board positions and advisory roles for luxury brands and other high-end companies, where much of my marketing and financial skills have been honed over a 30-year period.

I am enormously proud of what we have been able to accomplish, as I believe you know. Our current financial position is a tremendous feat in the recent economic environment. I believe it stands as a tribute to the ability, discipline and commitment to which all of you contribute each and every day.  The team we have built is strong, and the Company is stable and poised for further growth. This is a good time to transition to new leadership that will guide Birks & Mayors through its next chapter in history. The opportunities that lie ahead for Birks & Mayors are indeed great as we look to the further development of the Birks brand and product assortment as well as our expansion plans abroad.

When I look back on these last 15 years, I think of the impact we had - together - on this great Company. How together we turned around Birks, re-merchandised our product assortment and re-designed and rebuilt our stores. We repositioned our brand with fresh advertising, marketing and merchandising initiatives. We built state-of-the-art information technology systems, enabling world class financial reporting.  This also helped us develop internal controls and corporate governance that we believe are best practices for a public company like ours.

We acquired Mayors in 2002 and Brinkhaus in 2007, and we successfully integrated these companies with Birks. We turned Mayors around in two short years; and then hit a brick wall during the 2008 and 2009 recession. It was challenging, but we all pulled together and got through it. Now we believe we are well positioned to grow and achieve new heights.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs