– CANADA, Westmount – Dorel Industries Inc. (TSX: DII.B / DII.A) today announced that the Board intends to appoint Sharon Ranson and Brad Johnson to its Board of Directors as Independent Directors
“We are delighted to have Sharon and Brad join Dorel as independent directors. Brad’s experience at Wayfair will be extremely beneficial to Dorel as we plan to aggressively grow Juvenile and Sports’ online presence. Wayfair has been an important customer of Dorel Home for many years, which has been a meaningful contributor to Home’s growth. Sharon’s track record in finance and the capital markets is impressive and will bring added insight to our Board. Their combined expertise covers a multitude of specialties and we look forward to benefiting from their knowledge,” stated Martin Schwartz, President and CEO.
About Sharon Ranson
Ms. Ranson is a corporate director and entrepreneur with in-depth financial expertise in accounting, capital markets, and investments. She has provided strategic oversight to numerous Boards and Advisory Committees and has chaired various Board committees including audit, governance, risk, human resources and compensation. Among her recent mandates are Sprott Inc. (TSX: SII), Echelon Financial Holdings (TSX: EFH) and the City of Toronto Investment Board.
Ms. Ranson is also President and Founder of The Ranson Group Inc., a company offering coaching and leadership work with senior executives. She has extensive experience in the Financial Services industry as a top-ranked Financial Services Analyst and Managing Director with RBC Capital Markets, and a Senior Portfolio Manager with TAL (CIBC).
About Brad Johnson
Brad Johnson is currently a Visiting Lecturer at Babson College, a private business school in Massachusetts and a global leader in entrepreneurship education. Previously, he was Vice President, Operations at online furniture retailer, Wayfair, where he developed, launched and managed CastleGate Fulfillment, providing order and inventory management for furniture and décor suppliers. During his tenure, he also established Wayfair as a major sales partner at several major online retailers.
Brad has extensive experience and success in starting-up companies and managing businesses in the consumer products and technology industries, with seven years spent internationally. He holds an M.B.A. from University of Virginia Darden School of Business and is a Certified Public Accountant.
About Dorel Industries Inc.
Dorel Industries Inc. is a global organization, operating three distinct businesses in juvenile products, bicycles, and home products. Dorel’s strength lies in the diversity, innovation, and quality of its products as well as the superiority of its brands. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi, Quinny, and Tiny Love, complemented by regional brands such as Safety 1st, Bébé Confort, Cosco, and Infanti. Dorel Sports brands include Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture. Dorel has annual sales of US$2.6 billion and employs approximately 9,200 people in facilities located in twenty-five countries worldwide.
For more information: https://www.dorel.com/eng/
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