Shoe Pavilion Inc announced that Bruce Ross has resigned as the Company's Chief Financial Officer to become the CFO at another specialty retailer, effective May 30, 2007. Mr. Ross will oversee the preparation of Shoe Pavilion's first quarter Form 10-Q and has also agreed to consult for the Company during a transition period. Shoe Pavilion has begun a search for a new Chief Financial Officer.
Dmitry Beinus, President and Chief Executive Officer, stated, “I thank Bruce for his contributions to Shoe Pavilion during his tenure with the Company. We wish him well in his future endeavors. We hope to name a new CFO in the coming weeks. We remain confident in the strength and long-term growth potential of our business strategy as well as our ability to generate value for our shareholders.”
Bruce Ross stated, “I have enjoyed my time at Shoe Pavilion and wish Dmitry and the company all the best in the future.”
The Company plans to release its full first quarter 2007 results after the market close on May 8, 2007.
Shoe Pavilion is an independent off-price footwear retailer. We offer a broad selection of women's, men's and children's designer label and brand name footwear, typically at 20% to 60% below department store regular prices for the same shoes.
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