Menē Inc. Announces Appointment of New President & Chief Executive Officer

TORONTO, Sept. 07, 2023 (GLOBE NEWSWIRE) --  Menē Inc. (TSX-V:MENE) (US:MENEF) (“Menē” or the “Company”), an online 24 karat jewelry brand, today announced that Vincent Gladu has been appointed President & Chief Executive Officer of the Company. Roy Sebag, who has served as the Company’s Chief Executive Officer since founding Menē in 2017 will be resigning from his position and transitioning to the role of Executive Chairman of Menē's Board of Directors.

Vincent brings over 20 years of operational, sales and managerial experience in a variety of fields, including manufacturing, product design, technology commercialization, financial services and B2B/B2C eCommerce. Prior to joining Menē, Vincent was Vice President at goeasy Ltd., a publicly traded consumer lender, where he built and grew the company’s online and brick & mortar Point-Of-Sale business.

Statement from Roy Sebag

In the six years since founding Menē, we have ardently pursued our mission to disrupt the western jewelry industry. Starting with the premise that consumers would recognize the inherent value proposition of pure gold jewelry sold transparently by weight, we at Menē have thoughtfully constructed the brand and business one year at a time. Menē was built as a vertically integrated business from the ground up, from the foundations of artistic design and craftsmanship to the infrastructure of distribution, to offer customers the unique opportunity to buy intrinsically valuable and artistically meaningful jewelry in a direct-to-consumer fashion. The result has been a globally successful business that has produced cumulative revenues of $107,759,891, selling over 131,209 units of jewelry to customers in 70 countries, and registering over 37,000 positive reviews.

Vincent and I met serendipitously, outside of the executive search process that Menē had initiated two years ago. He struck me as a unique executive with interdisciplinary experience in direct-to-consumer businesses, having materially scaled goeasy’s Point-Of-Sale business. In addition, his industrial and product design background provided an essential element in my decision, precisely because Menē is not just a digital business, but is very much steeped in the production of physical objects that require capital and craftsmanship. Most of all, it was Vincent’s passion for the concept, his appreciation of the value proposition, and his vision for the brand that moved me to see him as our new CEO. From the first of our conversations, we both saw the company’s long-term potential and its current market share as being in its infancy.