Roots appoints interim chief financial officer

Canadian outdoor apparel and lifestyle retailer Roots has appointed current managing director at Searchlight Capital Partners, Meghan Roach, as the company’s interim chief financial officer, effective immediately.

Roach will hold the role on an interim basis following the previously announced resignation of the company's chief financial officer, Jim Rudyk, effective 9 August, 2019.

"We are pleased with how our CFO recruitment process is progressing," Jim Gabel, president and CEO of Roots said in a statement. "In the meantime, we are glad to have Meghan step in, as we will benefit from her deep understanding of the Roots brand and business, extensive industry expertise and financial leadership."

Roach served on the Roots board of directors from 2015 - when private investment firm Searchlight Capital Partners acquired the company - until Roots’ Initial Public Offering (IPO) in October 2017.

Following the IPO, Searchlight Capital Partners remains the company's largest shareholder.

As of 4 May 2019, Roots had 114 corporate retail stores in Canada, seven corporate retail stores in the United States, 115 partner-operated stores in Taiwan, 39 partner-operated stores in China, one partner-operated store in Hong Kong and a global eCommerce platform.

Photo credit: Roots, Facebook