The CEO of sweet retailer Squish is taking up from her father as head of bancrupt tea firm DavidsTea.
Sarah Segal turns into chief govt of the Montreal-based firm right now whereas chief monetary officer Frank Zitella turns into president. DavidsTea co-founder Herschel Segal is stepping down as interim CEO however will stay board chairman.
The manager adjustments had been introduced Tuesday as the corporate reported its second-consecutive quarterly revenue.
It earned $14.5 million or 54 cents per share within the third quarter, in contrast with a lack of $10.Eight million or 42 cents per share a 12 months earlier.
The adjusted revenue was $2.three million or 9 cents per share, versus an adjusted lack of $8.Eight million or 34 cents per share within the third quarter of 2019.
Revenues for the three months ended Oct. 31 decreased 33.6 per cent to $26.2 million, from $39.5 million.