DAVIDsTEA Inc.(NASDAQ: DTEA) has appointed Joel Silver, formerly General Partner of TrilogyGrowth, as President & CEO and a director of the company, effective on March 20, 2017.
Silver will succeed Christine Bullen, who has served as Interim President & CEO since January 29, 2017. Bullen will continue to serve in her prior role as Managing Director, U.S.
“On behalf of the Board of Directors, I am delighted to welcome Joel to DAVIDsTEA. We believe that his diverse experience with consumer-centric and lifestyle brands coupled with his leadership skills and track record of success make him an excellent fit to lead DAVIDsTEA. Joel’s background and skill set will be valuable as we capitalize on the opportunities to grow the DAVIDsTEA brand. We would also like to thank Christine for her contributions while she served as Interim President & CEO and look forward to her continued leadership as Managing Director, U.S.,” said Maurice Tousson, Chairman of board of directors.
“I am honored to join DAVIDsTEA as President and CEO. I look forward to working with the board, management, and passionate team members of this unique and exciting company as we work together to expand the business and realize the potential for DAVIDsTEA,” added Silver.
Silver, along with Heather Reisman and Gerald Schwartz, co-founded TrilogyGrowth, a venture capital fund focusing on consumer-centric brands including Poppin, a modern office supplies brand, iStore, a Canadian-based retail and wholesale brand providing consumers with trendy and practical digital lifestyle solutions, and Indeed Laboratories, a Canadian-based skin care company with global distribution.
Prior to TrilogyGrowth, from 2003 to 2011, Silver held several positions of increasing responsibility at Indigo Books & Music Inc. (TSX: IDG), Canada’s largest book, gift and specialty toy retailer, most recently as President. Silver has sat on Indigo Books & Music’s Board of Directors since 2011.
Silver holds a Bachelor’s degree from Wilfrid Laurier University in Canada and an MBA from Harvard University.
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