National Jeweler Network

Market Developments

Birks CFO won’t relocate, opts to leave company

By Michelle Graff

August 11, 2014

Montreal--A recent Securities and Exchange Commission filing by Birks Group Inc. shows that Executive Vice President and Chief Financial Officer Michael Rabinovitch, who has been with the retailer since August 2005, will leave the company in October. 

According to the Form 6-K filed Aug. 1, Rabinovitch resigned on July 29 following the company’s announcement that it would be moving the majority of functions performed at its office in Tamarac, Fla. to its corporate headquarters in Montreal to save money. 

Rabinovitch, the filing states, doesn’t want to relocate to Montreal but will stay with the company until Oct. 27 to assist in the transition. 

He has been a member of Birks’ senior management team for nine years. The retailer said it would hire an executive search firm to find a replacement for Rabinovitch. 

In addition, in the same 6-K filing, Birks noted that Louis L. Roquet would not stand for re-election to the company’s board following his appointment as chairman of Investissement Québec.