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Signet Jewelers Says Mark Light To Replace Michael Barnes As CEO

Tue, 14th Oct 2014 12:08

LONDON (Alliance News) - Signet Jewelers Ltd Tuesday said Michael Barnes has stepped down as its chief executive and will be replaced by Mark Light.

Light, currently president and chief operating officer at Signet, will take over from Barnes when he leaves the company on October 31. He will also join the company's board of directors.

Signet also reaffirmed its financial guidance for the year. In a trading update in August, the company said it expects same-store sales to grow between 2% and 4% in the third quarter, and gave earnings per share guidance of between USD4.47 and USD4.71 for the current full financial year.

Signet shares were up 0.7% to 6,783 pence on Tuesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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