Enesco Names New General Counsel
02 May 2005 - 11:00PM
Business Wire
Enesco Group, Inc. (NYSE:ENC), a leader in the giftware,
collectible, and home and garden decor industry, today announced
that the Company will appoint Koreen Ryan as General Counsel and
Secretary. Ryan formally joins Enesco on May 16, 2005. Most
recently, Ryan was Senior Counsel for the South Asia / APMEA (Asia,
Pacific, Middle East, Africa) Group of McDonald's Corporation
(NYSE: MCD), a leading global foodservice retailer with more than
30,000 local restaurants in 119 countries. As Senior Counsel, Ryan
provided guidance and counsel on all corporate, business and
general legal matters both from a corporate and local market
perspective in such countries as Brunei, Indonesia, India,
Malaysia, the Philippines, Singapore and Thailand. Prior to being
named Senior Counsel in November 2003, Ryan also was Corporate
Legal Counsel for the Oak Brook, Illinois-based company. In this
capacity, Ryan provided counsel regarding securities aspects of
executive compensation and broad-based benefits and compensation,
and advised management on SEC regulations. Her prior experience
includes Incapital Holdings, LLC, in Chicago, Ill., where she was
General Counsel, and with Arnstein & Lehr, also in Chicago,
working in the Corporate Securities Transaction arena. Ryan began
her legal career with the U.S Securities and Exchange Commission,
Division of Enforcement at the Midwest Regional Office in Chicago,
Ill. Ryan holds a Bachelor of Science degree from Indiana
University in Quantitative Economics, as well as a Bachelor of Arts
degree in English. She earned a Juris Doctorate degree from
Valparaiso University School of Law in Indiana. "We are very
pleased to name Koreen Ryan as Enesco's new General Counsel and
Secretary. Her experience with regulatory compliance, securities
transactions, banking, and international legal matters will be a
valuable asset to the Company," said Cynthia Passmore-McLaughlin,
president and CEO of Enesco. "We welcome her to Enesco and look
forward to her guidance as we lay the foundation for growth as a
public company." About Enesco Group, Inc. Enesco Group, Inc. is a
world leader in the gift, collectible, and home and garden decor
industries. Serving more than 40,000 customers globally, Enesco
distributes products to a wide variety of specialty card and gift
retailers, home decor boutique as well as mass-market chains and
direct mail retailers. Internationally, Enesco serves markets
operating in Europe, Australia, Mexico, Asia and the Pacific Rim.
With subsidiaries located in Europe and Canada, and a business unit
in Hong Kong, Enesco's international distribution network is a
leader in the industry. The Company's product lines include some of
the world's most recognizable brands, including Heartwood Creek by
Jim Shore, Walt Disney Company, Walt Disney Classics Collection,
Pooh & Friends, Nickelodeon, Bratz, Halcyon Days, Lilliput
Lane, Border Fine Arts and Precious Moments, among others. Further
information is available on the Company's web site at
www.enesco.com. This press release contains various forward-looking
statements that are based on management's current assumptions and
beliefs and upon information currently available to management. The
Company has tried to identify such forward-looking statements by
use of such words as "expects," "intends," "anticipates," "could,"
"estimates," "plans," and "believes," and similar expressions, but
these words are not the exclusive means of identifying such
statements. Such statements are subject to various risks,
uncertainties and other factors which could cause actual results to
vary materially from those anticipated, estimated, expected or
projected. Important factors that may cause actual future events or
results to differ materially and adversely from those described in
the forward-looking statements include, but are not limited to: the
Company's success in developing new products and consumer reaction
to the Company's new products; the Company's ability to secure,
maintain and renew popular licenses, particularly our licenses for
Precious Moments, Cherished Teddies, Heartwood Creek and Disney;
the Company's ability to grow revenues in mass and niche market
channels; the Company's ability to identify and close on strategic
acquisitions; changes in general economic conditions, as well as
specific market conditions; fluctuations in demand for our
products; manufacturing lead times; the timing of orders and
shipments and our ability to predict customer demands; inventory
levels and purchase commitments exceeding requirements based upon
incorrect forecasts; collection of accounts receivable; changes in
the regulations and procedures affecting the importation of goods
into the United States; changes in foreign exchange rates; price
and product competition in the giftware industry; variations in
sales channels, product costs or mix of products sold; and,
possible future terrorist attacks, epidemics, or acts of war. In
addition, the Company operates in a continually changing business
environment and does not intend to update or revise the
forward-looking statements contained herein, which speak only as of
the date hereof. Additional information regarding forward-looking
statement risk factors is contained in the Company's reports and
filings with the Securities and Exchange Commission. In light of
these risks and uncertainties, the forward-looking statements
contained herein may not occur and actual results could differ
materially from those set forth herein. Accordingly, you should not
rely on these forward-looking statements as a prediction of actual
future results.
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