Celebrate Express lowers earning guidance due to costs, CEO resigns
16 Feb '06
2 min read
Jewell will initially serve in such role on a full-time basis.
Jewell will also remain on the Company's Board of Directors.
Darin White, the Company's Vice President, finance, will assume the responsibilities of Chief Executive Officer while the Board of Directors searches for a permanent replacement.
Jean Reynolds, lead independent Director commented, "They appreciate Mike Jewell's many contributions to the Company and wish him well in his future endeavors.
They are fortunate to have an executive of Darin White's caliber, who can assume the role of acting CEO and continue to execute on the Company's strategy while they search for a permanent replacement.
Their search for a new CEO will focus on candidates with proven track records of executing programs that drive growth, strengthen brands and reduce costs across growing enterprises."
The Company has an active search underway for a new chief executive officer and expects to fill this position in a permanent capacity over the coming months.
Celebrate Express is a leading online and catalog retailer of celebration products serving families with young children.
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