David Bensadoun appointed Chief Executive Officer of ALDO Group Inc.

MONTREAL, March 3, 2017 /CNW/ - ALDO Group Inc. is proud to announce that David Bensadoun – the eldest son of the company's founder, Aldo Bensadoun – has been appointed as Chief Executive Officer, reporting to the Chairman of the Board effective April 3, 2017. This exciting transfer of responsibility marks decades of family collaboration and commitment. David Bensadoun joined the company in 1995 as a project manager and rose through the ranks to his most recent role as President of ALDO Group North America (AGNA).

"I'm enormously proud to pass the baton to David who will continue the family legacy through his leadership of the company," says Aldo Bensadoun. "To witness this transition is truly a dream come true for me. David's passion for the business combined with his leadership abilities and unique vision give me every confidence in the future of our company."

Aldo Bensadoun has named Jurgen Schreiber as Chairman of the ALDO Group Inc., leading the Advisory Board for the company. Mr. Schreiber, a member of the Advisory Board for the past four years, has significant experience in the industry including CEO of Health and Beauty Europe, at A.S. Watson where he was responsible for 4000 stores in 23 countries, CEO and President of Shoppers Drug Mart (Pharmaprix in Quebec), CEO and President of Rexall Health and most recently as Senior Managing Director Katz Group. As Chairman, Schreiber will report to the ALDO Group Inc. Board of Directors.

Norman Jaskolka has been appointed Deputy Chairman of the ALDO Group Inc.  In this role, Jaskolka will report to both the CEO and the Chairman.  Jaskolka will continue to lead ALDO Group International (AGI), Strategic Partnerships and the company's acquisition efforts. Jaskolka has held leadership roles within the Aldo Group over the last twenty-two years, most recently as President, ALDO Group International.  In addition to his new responsibilities at ALDO Group Inc., Jaskolka has also been named CEO of Sweet Park Holdings, which owns the ALDO Group Inc. and the other Bensadoun family investments.  Furthermore, Jaskolka has been appointed to the Board of Directors of the ALDO Group Inc. Both Jaskolka and Schreiber are thrilled to be assuming these important roles.

The new leadership team is indebted to Patrik Frisk for his outstanding contributions to the company as CEO.  Since 2014, Frisk led the ALDO Group transformation with incredible vision and with a great sensitivity to the company's strong and diverse culture.  "Frisk has been instrumental in helping the ALDO Group Inc. reach new heights as we continue to build our business and culture around the world," says Aldo Bensadoun. In the coming weeks, Frisk will be focused on meeting with internal teams and customers to ensure a smooth and supportive transition.

The ALDO Group Inc. vision is to be a world-leading creator and operator of desirable footwear and accessory brands by delighting our customer, relentlessly pursuing profitable growth and always acting with our founder's values of love, respect and integrity.

"With today's announcement, we are proud to express our consistent values and goals as a company," added ALDO Group Inc. CEO, David Bensadoun. "Our family has committed our hearts to the work of providing the very best product to our loyal customers while creating an environment where our people are encouraged to reach their full potential.  I am honoured to carry this torch into the future."

For more information on ALDO Group Inc. CEO David Bensadoun visit http://www.aldogroup.com/leaders.html.

For more information on ALDO Group Inc. please visit http://www.aldogroup.com/index.html.

SOURCE ALDO Group

For further information: For additional information or to book interviews: Sophie Nadeau, Edelman Canada, sophie.nadeau@edelman.com, 1-416-910-0850


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