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Movado Group Appoints Former Saks CEO to Board
Stephen Sadove brings more than 25 years of leadership experience to the position.
Paramus, N.J.—Movado Group has announced the appointment of Stephen I. Sadove to its board of directors.
Sadove brings more than 25 years of leadership experience to the position.
Before he retired in November 2013, Sadove spent 11 years at Saks Incorporated. He joined its management team in January 2002 as vice chairman, then served as COO from 2004 to 2006.
He most recently served as the CEO of Saks from January 2006 until retirement, adding title of chairman of the board in May 2007.
Prior to joining Saks, Sadove held various positions at Bristol-Myers Squibb from 1991 to 2002, with his last position being president of Bristol-Myers Squibb Worldwide Beauty Care and Nutritionals from 1997 to 2002.
During his time at the company, he led Clairol to become the No. 1 hair care business in the U.S., relaunched the Herbal Essences brand into a $700 million business and completed the sale of the beauty care business to Procter & Gamble for approximately $5 billion.
He also held several roles at General Foods, now known as Kraft General Foods, including executive vice president and general manager of the desserts and meals divisions.
Sadove currently serves on the board for various non-profit organizations, including his alma mater, Hamilton College, as chairman of the board of trustees, and on the executive committee of the National Retail Federation.
He also is on the board of Colgate-Palmolive, Aramark and Park Hotels and Resorts, as well as a founding partner of private equity firm JW Levin Management Partners.
Following his appointment, Movado Group’s board will comprise 10 members, each with significant professional experience in the financial, retail and business services sectors domestically and internationally.
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