NASSAU, The Bahamas, June 10, 2009 (GLOBE NEWSWIRE) -- Steiner Leisure Limited (Nasdaq:STNR) today announced that the Board of Directors has appointed Denise Dickins to serve as a Class II director to fill the vacancy on the Board caused by the October 28, 2008 resignation of Charles D. Finkelstein.
The Board has determined that Ms. Dickins qualifies as an independent director of the Company pursuant to the applicable rules of the Nasdaq Stock Market (the "Nasdaq Rules") and that Ms. Dickins is a "financial expert" pursuant to applicable Nasdaq Rules and rules of the Securities and Exchange Commission. Ms. Dickins was also appointed to serve on the Board's Audit, Compensation and Governance and Nominating Committees.
As a result of Ms. Dickins' appointment to the Board, the Board again consists of a majority of directors who are considered independent under applicable Nasdaq Rules.
Clive E. Warshaw, Chairman of the Board of the Company, said, "Ms. Dickins' knowledge of the Company, her broad exposure to a variety of companies and industries while in public accounting and her experience in academia will provide perspective and input that will benefit our board and our shareholders."
Ms. Dickins has been an Assistant Professor of Accounting and Auditing for East Carolina University since 2006. She was also an instructor of various accounting courses at Florida Atlantic University from 2002 to 2006. From 1983 to 2002, Ms. Dickins was with Arthur Andersen LLP, where she served in various capacities, including Partner in Charge of the South Florida Audit Division. From 1996 until 2002, Ms. Dickins served as the partner in charge of the audit of the Company. She currently serves on the board of directors of TradeStation Group, Inc., an online brokerage firm, and Watsco, Inc., an independent distributor of heating, air conditioning and refrigeration products.
Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 125 cruise ships and in 50 resort spas and two luxury day spas. Our cruise line and land-based resort customers include Carnival Cruise Lines, Celebrity Cruises, Crystal Cruises, Harrah's Entertainment, Hilton Hotels, Holland America Line, InterContinental Hotels and Resorts, Kerzner International, Loews Hotels, Marriott Hotels, Nikko Hotels, Norwegian Cruise Line, Planet Hollywood, Princess Cruises, Ritz-Carlton, Royal Caribbean Cruises, Seabourn Cruise Lines, Sofitel Luxury Hotels, Starwood Hotels and Resorts and Westin Hotels and Resorts. Our Elemis Limited subsidiary manufactures its Elemis(r) brand products for use in our cruise ship and land-based spas. This top quality European line of beauty products is also distributed worldwide to exclusive hotels, salons, health clubs, department stores and destination spas. Elemis, as well as other Steiner products, including La Therapie(r), Ionithermie, and Steiner Hair Care, are available at www.timetospa.com.
Steiner Leisure also owns and operates five post secondary schools (comprised of a total of 17 campuses) located in Miami, Orlando, Pompano Beach and Sarasota, Florida; Baltimore, Maryland; Charlottesville, Virginia; York, Pennsylvania; Salt Lake City and Lindon, Utah; Las Vegas, Nevada; Tempe and Phoenix, Arizona; Westminster and Aurora, Colorado; and Groton, Newington and Westport, Connecticut. Offering degree and non-degree programs in massage therapy and, in some cases, skin care, these schools train and qualify spa professionals for health and beauty positions within the Steiner family of companies or other industry entities.