PARAMUS, N.J.--(BUSINESS WIRE)--Feb. 24, 2014--
Movado Group, Inc. (NYSE:MOV) today announced that Peter A. Bridgman has
been appointed to the Company's board of directors, effective February
20, 2014. Mr. Bridgman will also serve on the Company’s audit committee.
Mr. Bridgman brings more than 25 years of leadership experience to
Movado Group. He most recently served as SVP and General Auditor at
PepsiCo Inc. From 2000-2011, Mr. Bridgman was SVP and Controller at
PepsiCo Inc., during which time he led the financial reporting and
control functions for the $67 billion global consumer products company,
ensuring best practice governance and regulatory compliance around the
world. From 1992-2000, Mr. Bridgman served as SVP and Controller of
Pepsi Bottling Group and from 1985-1992, he held positions of increasing
responsibility at Pepsi International. Prior to that, Mr. Bridgman spent
12 years at KPMG where he had global client audit responsibilities. Mr.
Bridgman served on the board of Alltel Corporation, a $10 billion
wireless provider acquired by Verizon in 2009, and Pepsi Bottling
Ventures, an $800 million private beverage manufacturer. He received a
B.S. in Economics and Accounting from Bristol University in England, and
is both a Certified Public Accountant in the U.S. and a Chartered
Accountant in England.
Efraim Grinberg, Chairman and Chief Executive Officer, stated, “We are
very pleased Peter is joining Movado Group’s board of directors. Peter’s
strong business background with one of the world’s leading consumer
products companies, as well as his track record in managing global
finance activities, will broaden the expertise of the Movado Group
board. We look forward to working closely with Peter as we continue to
grow the business and remain focused on delivering sustainable
Mr. Bridgman commented, “I am excited by the opportunity to join the
Movado Group board of directors. I believe the Company has a strong
positioning and significant opportunities for growth and I look forward
to utilizing my experience in finance, branding and consumer products to
assist the Company and the Board in achieving its long term objectives.”
Following this announcement, the Board will include nine members, each
of whom possesses significant professional experience, particularly in
the financial, retail and business services sectors both domestically
Movado Group, Inc. designs, sources, and distributes MOVADO®, EBEL®,
CONCORD®, ESQ® Movado, COACH®, TOMMY HILFIGER®, HUGO BOSS®, JUICY
COUTURE®, LACOSTE® and SCUDERIA FERRARI® watches worldwide, and operates
Movado company stores in the United States.
Source: Movado Group, Inc.
Rachel Schacter/Allison Malkin