Roots, the Toronto-based outdoor lifestyle brand, announced that after completing a search conducted by a leading international recruiting firm, the company’s Board of Directors has appointed Meghan Roach as CEO. In her role, Roach has also been appointed to Roots Board of Directors.
“Meghan is a talented and accomplished executive,” said Erol Uzumeri, chairman of the Roots Board of Directors. “Speaking on behalf of the Board, we believe Roots will continue to benefit greatly from her strategic insights, decisive leadership and experience with prominent global brands.”
Given the unprecedented circumstances created by COVID-19, Roach will forgo her salary and potential bonus payments for the remainder of 2020.
Jim Gabel, who had served as CEO since February 2016, left in January after the board expressed a need for “renewed leadership.”
Roach was appointed Interim CEO of Roots in January, prior to which she served as its interim CFO starting in August 2019. Roach joins Roots from Searchlight Capital Partners, the company’s largest shareholder. Prior to Searchlight, Roach was a member of the private equity investment team at the Ontario Teachers’ Pension Plan after beginning her career with KPMG.
“I am honored to assume the role of CEO at this iconic Canadian brand,” said Roach. “Over its 46 years, Roots has established a highly engaged and loyal consumer base, strong omnichannel capabilities and a solid core product offering. I look forward to working with the talented and dedicated team at Roots to continue to build on this great foundation.”
Photo courtesy Roots
