Roots names Mona Kennedy chief financial officer
Premium outdoor lifestyle brand Roots has appointed Mona Kennedy as chief financial officer, effective by the end of Q1 fiscal 2020.
She is assuming the role from Meghan Roach, managing director at Searchlight Capital Partners, who has been acting as interim chief financial officer since August 9, 2019.
Reporting to president and CEO, Jim Gabel, in her new role, Kennedy will oversee Roots financial operations, investor relations, real estate, loss prevention and IT.
"Mona is a talented senior executive whose financial acumen and retail industry experience will be an incredible asset to the company," said Gabel.
"In addition to her proven track record of driving business strategy and leading finance teams, she is a longstanding fan of the Roots brand. We are pleased to welcome her to the team."
With two decades of finance and corporate strategy experience, Kennedy joins Roots from Indigo Books & Music, where she was vice president, finance. Prior to Indigo, she was at Maple Leaf Food for more than a decade, and held increasingly senior roles in areas including corporate strategy, strategy execution and financial planning and analysis.
Kennedy is a CPA, CMA, holds an MBA from INSEAD and a Bachelor of Commerce from Queen's University.
"I am thrilled to be joining Roots, an iconic Canadian brand that resonates so well globally," said Kennedy. "I look forward to working with the incredibly talented team to continue to drive the company's success."
Roots is expected to announce its fiscal 2019 third quarter results on Friday. Gabel and Roach are expected to host the call.
Roots currently operates 116 corporate-retail stores in Canada and eight in the United States, as well as 115 partner-operated stores in Taiwan, 34 in China, and one in Hong Kong.
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