Mr Merwe appointed as Chairman at Checkpoint Systems
Checkpoint Systems, Inc., a leading global manufacturer of technology-driven loss prevention, merchandising and labeling solutions to the retail and apparel industries, today announced the election of Rob van der Merwe, 56, as Chairman of the Board of Directors, effective January 1, 2009.
Mr. van der Merwe will succeed George Off, 61, who served as Checkpoint's Chairman since August 2002 and will continue to serve on the Board of Directors. Mr. van der Merwe has been President and Chief Executive Officer of Checkpoint since December 2007 and a member of the Company's Board of Directors since October 2007. He will continue in his role as the Company's President and Chief Executive Officer.
Mr. Off stated, “Rob is an exceptional leader with extensive experience in the retail, apparel and consumer marketplaces. Since becoming CEO, he has taken the steps to ensure that Checkpoint capitalizes on the strategic actions we initiated in 2007 and dramatically expanded those initiatives for profitable growth in 2008.
Rob understands the challenges our customers face and has provided outstanding leadership as we work through the challenges created by the global economic turmoil. I am confident that as Chairman, President and CEO, Rob will guide Checkpoint to become a more valuable partner to the retail and apparel industry.”
Keith Elliott, Checkpoint's Lead Director, said, “Rob is the right leader for Checkpoint in this difficult economic environment. He is capable of balancing today's realities with tomorrow's growth strategies, while effectively serving the Company's shareholders. George did a wonderful job as Chairman and previously as CEO.
His dedication, vision and inspired leadership formed the foundation for Checkpoint to successfully compete in this fast paced, evolving global economy. The transition between George and Rob has been exemplary and we look forward to their future contributions in their new responsibilities.”
Mr. van der Merwe, added, “I am honored that the Board selected me to succeed George as Chairman of Checkpoint. We are committed to navigating through these difficult economic times and prepared to execute on our strategy and build shareholder value.”
Checkpoint Systems, Inc.:
Checkpoint Systems, Inc. is the leading supplier of retail shrink management solutions. Checkpoint's global team helps retailers - and their suppliers - reduce theft, increase inventory visibility and provide consumers with greater merchandise availability through the Company's rapidly evolving RF technology, expanding shrink management offerings and apparel labeling solutions.
Checkpoint has more than one million RF devices installed in stores today and has secured more than 100 billion products. Scaling cost efficiently, Checkpoint's solutions provide increased revenues and profits to a fast-growing community of successful retailers and a superior experience for their consumers. Checkpoint operates in every major geographic market and employs 3,900 people worldwide.