NEW YORK — Coldwater Creek named a former senior partner with Arthur Andersen as its new chief financial officer.
The Sandpoint, Idaho-based firm said Monday that Melvin Dick today joined the casual women’s apparel and accessories company. Dick previously served as the global managing partner of Andersen’s technology, media and communications practice, where he was responsible for overseeing 7,500 professionals responsible for daily client service. Dick replaces Donald Robson, who left the company at the end of January. “Mel’s outstanding background in finance, his top-level management skills and his experience in working with the investment community will be invaluable assets as we continue to establish Coldwater Creek as one of the major national brands,” Dennis Pence, chairman and cofounder of Coldwater Creek, said in a statement. “In addition, his strong focus on customer service is absolutely consistent with the values that have been the foundation of our company growth.”
During his 27-year career in senior management, Dick has served as cfo of a multimillion-dollar start-up firm; has led the due diligence teams responsible for more than 100 equity events, and was responsible for dealing with Wall Street through leading teams that participated with investment bankers, attorneys and clients in public offerings of common stock and debt.
In a recent 8-K filing with the Securities and Exchange Commission, Coldwater said it had hired KMPG LLP as its new independent auditor after dismissing Arthur Andersen.
To combat declining and expense catalog sales, the 34-unit retailer said it is expanding its retail square footage to 14 new doors this year, four of which have already opened, and between 15 and 20 stores in 2003. Last year, it opened 19.”