MONTREAL, June 27,
2023 /CNW/ - LXRandCo, Inc. ("LXR" or the
"Company") (TSX: LXR), a North American socially responsible,
digital-first omni-channel retailer of authenticated pre-owned
handbags and personal accessories, today reported
that effective July 1, 2023,
Laura Swan and Nadine Eap have been appointed to Co-Chief
Executive Officer and Co-Chief Executive Officer and Chief
Financial Officer, respectively, reporting to the board of
directors. As part of this planned transition, Valerie Sorbie will transition from Executive
Chair to Chair and Cam di Prata will
transition from the CEO role to director and Chair of the
Compensation and Nominating Committee.
"Having had the pleasure of working with Nadine and Laura as
part of a multi-year succession planning process, I am pleased to
make this important announcement on behalf of the Board. While they
will jointly manage the strategic activities of the Company, given
their complementary strengths and expertise, Nadine will primarily
focus on aspects relating to operations, HR, IT, sourcing, and
finance & accounting, while Laura will primarily focus on
revenue-facing activities and managing key partner relationships",
said Valerie Sorbie the Company's
Executive Chair.
Since joining LXR in 2019, Laura
Swan has held the following positions of increased
responsibility: Wholesale and Partnerships Director (June, 2019),
Director of U.S. Sales (January, 2020), Chief Stores Officer
(August, 2020), Chief Revenue Officer (April, 2021), Co-President
and Chief Revenue Officer (2023) and now Co-CEO. A seasoned retail
executive, prior to joining LXR Laura was VP, Merchandising for
accessories and handbags at The Bon Ton (2016-2018), a member of
the executive leadership team at Kohl's as Senior VP, Merchandising
(2005-2014), Senior VP of Merchandising at Zales (1997-2005) and
held various leadership positions at Macy's over a ten year
period.
Since joining LXR in 2018, Nadine
Eap has held the following positions of increased
responsibility: Financial Controller (May, 2018), Interim Chief
Financial Officer (September, 2018), Chief Financial Officer
(September, 2019), Chief Financial and Administrative Officer
(January, 2022), Co-President and Chief Financial and
Administrative Officer (April, 2023) and now Co-Chief Executive
Officer and Chief Financial Officer. Prior to joining the Company,
Nadine spent seven years on the accounting side of Deloitte in both
Canada and Australia (2004-2010), two years at technology
firm Logibec (2010-2013) and four years at AIMIA, Inc.
(2014-2018).
About LXR
LXR is a socially responsible, digital-first omni-channel
retailer of authenticated pre-owned handbags and personal
accessories. Since 2010, we have been providing consumers with
authenticated branded luxury products from Hermès, Louis Vuitton, Gucci, Prada and Chanel, among
other high-quality brands, by promoting their reuse and providing
an environmentally responsible way for consumers to purchase luxury
products. We achieve this through our digital-first strategy by
selling directly to consumers through our website
at www.lxrco.com and indirectly by powering the
e-commerce and other platforms of key channel partners. Our
omni-channel model is also supported by retail "shop-in-shop"
experience centers and by wholesale activities with select retail
partners across North America.
SOURCE LXRandCo, Inc.