Loyalty Ventures Inc. (Nasdaq: LYLT), a leading provider of
tech-enabled, data-driven consumer loyalty solutions today
announced leadership changes at its AIR MILES Reward Program
segment (“AIR MILES”).
Shawn Stewart has been named President of AIR MILES, replacing
Blair Cameron, who is leaving the company.
“We appreciate the contributions that Blair Cameron has made
during his more than 15-year tenure at AIR MILES, and I want to
personally thank him for his dedication and service to our
Partners, Collectors and employees,” said Charles Horn, President
and Chief Executive Officer of Loyalty Ventures.
Shawn Stewart, who will join us on May 2, 2022, brings deep
expertise in consumer insights, customer, loyalty, digital
marketing, and analytics across multiple verticals to his new
position at AIR MILES. Most recently, he was Senior Vice President,
Customer at Canadian Tire Corporation, Limited, a $16 billion
multi-brand retail conglomerate with more than 1,700 retail and
gasoline outlets and a financial services division, where he led
the team responsible for enterprise loyalty, digital marketing,
customer analytics and personalization, including the team that
built and grew the Triangle Rewards loyalty program. In his prior
tenure at McKinsey & Company and Accenture, Shawn developed
customer acquisition and retention strategies, data-driven
applications, and customer experience programs to accelerate
business growth for clients. In addition, from 2010 to 2013 Shawn
was a member of the AIR MILES leadership team where his role
included accountability for data and analytics for AIR MILES’
Sponsors.
“We are thrilled that Shawn has agreed to re-join us given his
passion for building new capabilities and transforming
organizations and brands, which aligns with our strategic
objectives. He brings excellent credentials to AIR MILES as well as
a deep understanding of Sponsor needs, Collector behaviors, and our
business development opportunities. Shawn is the clear choice to
direct our investments to drive greater consumer engagement in our
programs by enhancing our value proposition and upgrading the
redemption experience for our AIR MILES Collectors, while building
additional data analytics and marketing capabilities for our
Sponsors,” Mr. Horn noted.
“It is a great honor for me to lead the talented group of people
at AIR MILES. I am excited to leverage the insights I have gained
from working with Canada’s largest companies and pair that
knowledge with the digitally-oriented strategic transformation that
is underway at AIR MILES,” Mr. Stewart said.
Further, we are pleased to announce Rick Neuman has joined AIR
MILES as Chief Technology Officer. Most recently at Flipp, a retail
technology firm, Rick was formerly Executive Vice President
eCommerce & Chief Technology Officer at Walmart International,
where he was responsible for Walmart Canada’s digital
transformation. During his six-year tenure, he created product and
technology strategies for global merchant processes, transitioned
international tech to improve delivery transparency and velocity,
and built new technology leadership teams. At AIR MILES, Rick will
be responsible for development, implementation and oversight of the
program’s technology strategy and roadmap.
“These new additions to our AIR MILES leadership team are
well-suited to build upon our 30-year history as Canada’s premier
loyalty program, with the full support of Loyalty Ventures’
management and Board of Directors. We look forward to reporting on
their progress,” noted Mr. Horn.
About Loyalty Ventures Inc.Loyalty Ventures
Inc. (Nasdaq: LYLT), an S&P SmallCap 600 company, is a leading
provider of tech-enabled, data-driven consumer loyalty solutions.
We help partners achieve their strategic and financial objectives
including increased consumer basket size, shopper traffic,
frequency, digital reach and enhanced program reporting and
analytics.
We help financial services providers, retailers and other
consumer-facing businesses create and increase customer loyalty
across multiple touch points from traditional to digital to mobile
and emerging technologies. We own and operate the AIR MILES® Reward
Program, Canada’s most recognized loyalty program, and
Netherlands-based BrandLoyalty, a global provider of
purpose-driven, tailor-made, campaign-based loyalty solutions for
grocers and other high-frequency retailers.
At our AIR MILES Reward Program, AIR MILES collectors earn AIR
MILES at more than 300 leading Canadian, global and online brands
and at thousands of retail and service locations across the
country. This activity powers an unmatched data asset which along
with world-class analytics and marketing capabilities, enables
clients to accelerate their marketing activities and ROI. AIR MILES
provides collectors the flexibility and choice to use AIR MILES on
aspirational rewards such as merchandise, travel, events or
attractions or, instantly, in-store or online, through AIR MILES
Cash at participating Partner locations. For more information,
visit: airmiles.ca. Having celebrated the issuance of its 100
Billionth Mile in 2021, AIR MILES invites Canadians to visit the
Program on Facebook, Instagram and Twitter.
BrandLoyalty provides winning loyalty campaigns by connecting
high-frequency retailers, brand partners, and shoppers.
BrandLoyalty changes shoppers’ behavior in high-frequency retail
worldwide - both on a transactional and emotional level. Find out
more via brandloyalty.com or on LinkedIn and YouTube.
More information about Loyalty Ventures can be found at
loyaltyventures.com.
Caution Regarding Forward-Looking
StatementsThis release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements give our expectations or
forecasts of future events and can generally be identified by the
use of words such as “believe,” “expect,” “anticipate,” “estimate,”
“intend,” “project,” “plan,” “likely,” “may,” “should” or other
words or phrases of similar import. Similarly, statements that
describe our business strategy, outlook, objectives, plans,
intentions or goals also are forward-looking statements. Examples
of forward-looking statements include, but are not limited to,
statements we make regarding, and the guidance we give with respect
to, our anticipated operating or financial results and future
economic conditions, including, but not limited to, changes in
geopolitical conditions, fluctuation in currency exchange rates,
market conditions and COVID-19 impacts related to reduction in
demand from clients, supply chain disruption with respect to our
rewards, disruptions in the airline or travel industries and labor
shortages due to quarantine.
We believe that our expectations are based on reasonable
assumptions. Forward-looking statements, however, are subject to a
number of risks and uncertainties that could cause actual results
to differ materially from the projections, anticipated results or
other expectations expressed in this release, and no assurances can
be given that our expectations will prove to have been correct.
These risks and uncertainties include, but are not limited to,
factors set forth in the Risk Factors section of both (1) our Form
10-K for the most recently ended fiscal year and (2) any updates in
Item 1A, or elsewhere, in our Quarterly Reports on Form 10-Q filed
for periods subsequent to such Form 10-K or any updates thereto.
Our forward-looking statements speak only as of the date made, and
we undertake no obligation, other than as required by applicable
law, to update or revise any forward-looking statements, whether as
a result of new information, subsequent events, anticipated or
unanticipated circumstances or otherwise.
Investor Contact:Lynn MorgenADVISIRY
PARTNERSlynn.morgen@advisiry.com+1.212.750.5800
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