Les Perry Joins Seiko Corporation of America as Executive Vice President, Sales & Marketing.

Business Editors

MAHWAH, N.J.--(BUSINESS WIRE)--June 7, 2002

Seiko Corporation of America (SCA) today announced the appointment of Les Perry to the position of Executive Vice President, Sales & Marketing. Perry brings over 20 years of valuable experience and accomplishments

Perry began his career as a sales manager at Macy's, where, over the course of eleven years, he progressed to the buyer of fine watches and ultimately worked as Vice President, Store Manager for Macy's Huntington, N.Y. store. Perry has spent the last nine years at Movado, first as Vice President, National Accounts. He served as General Manager of Movado's ESQ brand over the past four years.

"We are so pleased that Les is joining our organization," said Ron Luino, Executive Vice President & Chief Financial Officer for SCA. "With his strong leadership skills, wealth of experience and solid track record in the watch and retail industries, Les will be a valuable addition to our team."

A resident of Stamford, Conn., Perry has been active in the community. He and his wife, Anne, have two children.

In related news, Rick Vogler, Executive Vice President and COO, has left the organization for personal reasons.

SEIKO CORPORATION OF AMERICA, (Mahwah, N.J.), is a wholly owned subsidiary of SEIKO WATCH CORPORATION, which is headquartered in Tokyo.

SOURCE: Seiko Corporation