Adds Additional Expertise in Fashion, Retail and Technology
Charles & Colvard, Ltd. (Nasdaq:CTHR), the original and leading
worldwide source of Classic Moissanite™ and Forever Brilliant®, The
World’s Most Brilliant Gem®, appointed Jaqui
Lividini and Suzanne Miglucci to serve on the Company’s Board of
Directors, effective August 18. The addition of Ms. Lividini and Ms.
Miglucci brings the total number of Board members to seven, six of whom
are independent. In addition, the Board appointed Ms. Lividini to the
Board’s Nominating and Governance Committee and Ms. Miglucci to the
Board’s Compensation Committee.
Ms. Lividini brings years of brand marketing experience in the fashion,
retail and luxury industries to the Company. Since May 2005, she has
served as Chief Executive Officer and Founding Partner of Lividini &
Co., a brand strategy company that specializes in brand development and
marketplace positioning, engagement marketing, and retail strategy.
Previously, she served as Senior Vice President Fashion Merchandising &
Communications at Saks Fifth Avenue. She also serves as Chairman of the
Board of Women In Need, Inc., a non-profit organization that provides
housing, programs and critical services to New York City’s homeless
mothers and their children, and serves on the Board of Trustees of the
Fashion Institute of Technology, an internationally recognized college
for fashion, design, art, communications, and business.
Ms. Miglucci has an extensive marketing background working with public
and private technology companies, particularly with global footprints.
She has served as Chief Marketing Officer of ChannelAdvisor Corporation,
a software and services solution provider, since June 2012. Prior to
joining ChannelAdvisor, she served as Senior Director, Global
Procurement Solution Marketing, at SAP, a market leader in enterprise
application software. Prior to her time at SAP, Ms. Miglucci served as a
Strategic Marketing Consultant for Miglucci on Marketing, LLC, a
marketing consultant company. She has also held executive marketing
positions at SciQuest, Inc., MicroMass Communications and Arsenal
Digital Solutions.
Ms. Lividini said, “My years of experience in brand strategy, marketing
and communications for fashion, retail and luxury brands has given me
deep understanding of the importance of marketplace positioning, for
both the industry and the consumer. I look forward to working with my
fellow Board members to enhance Charles & Colvard’s portfolio of brands
and broadening the Company’s position as the original and leading
worldwide source of moissanite jewelry.”
Ms. Miglucci said, “Effectively utilizing innovative technology and
marketing strategies is key to any successful business venture in the
21st century. As I join the Board, I expect to work closely with my new
colleagues to help realize the full potential of Charles & Colvard’s
traditional and web-based sales and marketing efforts to make moissanite
the gem of choice for consumers around the world.”
Neal Goldman, Executive Chairman of Charles & Colvard’s Board of
Directors, said, “Jaqui Lividini and Suzanne Miglucci join our Board as
we continue to grow as a notable brand and expand our presence as an
online retailer. We welcome them to the Board and are confident the
Company will benefit from their considerable experience in the months
and years ahead.”
About Charles & Colvard, Ltd.
Charles & Colvard, Ltd., based in the Research Triangle Park area of
North Carolina, is the original and leading worldwide source of
moissanite, a unique, near-colorless created gem that is distinct from
other gems and jewels based on its exceptional fire, brilliance,
durability, and rarity. Charles & Colvard’s Classic Moissanite™
and Forever Brilliant® are currently
incorporated into fine jewelry sold through domestic and international
retailers and other sales channels. Charles & Colvard, Ltd.’s common
stock is listed on the NASDAQ Global Select Market under the symbol
“CTHR.” For more information, please visit www.charlesandcolvard.com.
Forward-Looking Statement
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Statements expressing expectations regarding our future and projections
relating to products, sales, revenues, and earnings are typical of such
statements and are made under the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include, but are not
limited to, statements about our plans, objectives, representations, and
contentions and are not historical facts and typically are identified by
use of terms such as “may,” “will,” “should,” “could,” “expect,” “plan,”
“anticipate,” “believe,” “estimate,” “predict,” “continue,” and similar
words, although some forward-looking statements are expressed
differently.
All forward-looking statements are subject to the risks and
uncertainties inherent in predicting the future. You should be aware
that although the forward-looking statements included herein represent
management’s current judgment and expectations, our actual results may
differ materially from those projected, stated, or implied in these
forward-looking statements as a result of many factors including, but
not limited to, our dependence on consumer acceptance and growth of
sales of our products resulting from our strategic initiatives;
dependence on a limited number of customers; the impact of the execution
of our business plans on our liquidity; our ability to fulfill orders on
a timely basis; the financial condition of our major customers and their
willingness and ability to market our products; dependence on Cree, Inc.
as the sole supplier of the raw material; our ability to successfully
manage the transition of our President and Chief Executive Officer; our
current wholesale customers’ potential perception of us as a competitor
in the finished jewelry business; intense competition in the worldwide
jewelry industry; general economic and market conditions, including the
current economic environment; risks of conducting business in foreign
countries; the pricing of precious metals, which is beyond our control;
the potential impact of seasonality on our business; our ability to
protect our intellectual property; the risk of a failure of our
information technology infrastructure to protect confidential
information and prevent security breaches; possible adverse effects of
governmental regulation and oversight; and the failure to evaluate and
integrate strategic opportunities, in addition to the other risks and
uncertainties described in our filings with the Securities and Exchange
Commission, or the SEC, including our Annual Report on Form 10-K for the
fiscal year ended December 31, 2014 and subsequent reports filed with
the SEC. Forward-looking statements speak only as of the date they are
made. We undertake no obligation to update or revise such statements to
reflect new circumstances or unanticipated events as they occur except
as required by the federal securities laws, and you are urged to review
and consider disclosures that we make in the reports that we file with
the SEC that discuss other factors relevant to our business.
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