MONTREAL, May 29, 2014 /CNW Telbec/ - Pierre Michaud, chairman of the
board of directors of DAVIDsTEA, is pleased to announce that Sylvain
Toutant has been named the Company's president and chief executive
officer. Mr. Toutant will be responsible for all operations at
DAVIDsTEA and will oversee the Company's growth in Canada, the United
States and around the world. He will also serve on the board of
A recognized specialist in retailing, Mr. Toutant has developed
businesses in Canada, the United States and Europe. After joining
VanHoutte in 2008, he became president of retail and subsequently,
chief operating officer. Since 2012 and until recently, he was
president of Keurig Canada, where he accelerated growth through a
strategic alliance with Keurig Green Mountain in the United States. He
also headed Keurig's operations in the United Kingdom.
During the course of his career, Mr. Toutant has been at the helm of a
number of well-known brands in renovation, and alcoholic and other
beverages. Employed by Reno-Depot from 1987 to 2003, he became its
president in 2001 and helped make it one of Quebec's most admired
companies. He also served as president and CEO of the Société des alcools du Québec [Quebec's liquor board] from 2004 to 2007.
"Sylvain's vast knowledge of the beverage sector, combined with his
expertise in consumer behaviour, makes him one of the best managers in
the industry," said Mr. Michaud. "In addition, his proven ability to
generate organizational growth will be extremely valuable to us."
Herschel Segal, DAVIDsTEA co-founder and majority shareholder, said he
is very pleased with Mr. Toutant's decision to join the Company. "We
founded David's Tea in 2008 and since then the business has grown
continuously. We now find ourselves at an important time in our
development, and I'm convinced Mr. Toutant will be an extraordinary
asset for us as head of our business."
"Tea is the second most popular beverage on the planet, just after
water," said Mr. Segal. "There is incredible potential for growth and
we intend to play a leading role in this market," he added.
Founded in 2008, DAVIDsTEA was the first to create a network of
specialized boutiques and to bring to the market a variety of teas in
an inviting modern and colourful setting. Today, David's Tea operates
a network of more than 125 boutiques in Canada and the United
States—San Francisco, Boston, New York and Chicago—offering a variety
of 150 teas, including exclusive blends, seasonal collections in
limited series, classic traditional teas and exotic infusions sourced
from the four corners of the world. The Company also offers the
largest collection of organic teas and infusions in North America. The
head office of DAVIDsTEA is located in Montreal.
Image with caption: "DAVIDsTEA (CNW Group/DAVIDsTEA)". Image available at: http://photos.newswire.ca/images/download/20140529_C7478_PHOTO_EN_40879.jpg
For further information: