Yankee Candle Names Richard R. Ruffolo Senior Vice President, Marketing and Innovation; Brings Strong Leadership to Innovation,
September 07 2005 - 9:11AM
Business Wire
The Yankee Candle Company, Inc. ("Yankee Candle" or the "Company")
(NYSE:YCC), the leading designer, manufacturer, wholesaler and
retailer of premium scented candles, today announced that Richard
R. Ruffolo has joined the Company as Senior Vice President,
Marketing and Innovation. Mr. Ruffolo joins Yankee Candle after 7
years with the Bath & Body Works Division of Limited Brands,
Inc., where he most recently served as Vice President and Category
Leader of their True Blue SPA and American Girl realbeauty
businesses. Prior to joining Bath & Body Works in 1998 he
served as Category Director, Glade Candles for S.C. Johnson &
Son, Inc. Mr. Ruffolo also previously held brand management
positions with The Procter & Gamble Company and Ralston-Purina
Company. "We are very pleased to have Rick join our executive
leadership team and we look forward to his many contributions as we
invest in growing our business with innovation and marketing," said
Harlan Kent, President of Yankee Candle. "Yankee Candle's success
is based on innovative products and strong brand equity. Rick
brings proven experience in leading the development,
commercialization and marketing of new products and new brands. His
background with leading consumer packaged goods companies; as well
as a leading specialty retailer, position him well for our
multi-channel business model. Rick has worked in the candle and
home fragrance category for the last ten years, and has developed
keen insights into consumer behavior. His strong leadership skills
will enable him to build effective teams and processes to leverage
the power of the Yankee Candle brand." "This is a great opportunity
to be joining Yankee Candle at such an exciting time," said Mr.
Ruffolo. "I have always admired the company's focus on marketing
high quality products and building the Yankee Candle brand equity.
I look forward to working with the entire management team to
profitably build the business with innovative new products and
effective brand stewardship." About The Yankee Candle Company, Inc.
The Yankee Candle Company, Inc. is the leading designer,
manufacturer, wholesaler and retailer of premium scented candles in
the giftware industry. Yankee has a 35 year history of offering
distinctive products and marketing them as affordable luxuries and
consumable gifts. The Company sells its products through a North
American wholesale customer network of approximately 16,200 store
locations, a growing base of Company owned and operated retail
stores (359 located in 43 states as of July 2, 2005), direct mail
catalogs, its Internet website (www.yankeecandle.com),
international distributors and to a European wholesale customer
network of approximately 2,200 store locations (through its
distribution center located in Bristol, England). This press
release may contain certain information constituting
"forward-looking statements" for purposes of the safe harbor
provisions of The Private Securities Litigation reform Act of 1995.
Forward-looking statements include but are not limited to any
statements concerning the Company's or management's plans,
objectives, goals, strategies, expectations, estimates, beliefs or
projections, or any other statements concerning future performance
or events. Actual results could differ materially from those
indicated by these forward-looking statements as a result of
various risks and uncertainties, including but not limited to the
following: the current economic conditions in the United States as
a whole and the continuing weakness in the retail environment; the
risk that we will be unable to maintain our historical growth rate;
the effects of competition from others in the highly competitive
giftware industry; our ability to anticipate and react to industry
trends and changes in consumer demand; our dependence upon our
senior executive officers; the risk of loss of our manufacturing
and distribution facilities; the impact on our stock price of
seasonal, quarterly and other fluctuations in our business; and
other factors described or contained in the Company's most recent
Quarterly Report on Form 10-Q or Annual Report on Form 10-K on file
with the Securities and Exchange Commission. Any forward-looking
statements represent our views only as of today and should not be
relied upon as representing our views as of any subsequent date.
While we may elect to update certain forward-looking statements at
some point in the future, we specifically disclaim any obligation
to do so even if experience or future events may cause the views
contained in any forward-looking statements to change.
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