Restoration Hardware Holdings, Inc. Appoints Dr. Leonard Schlesinger to Board of Directors
25 April 2014 - 6:30AM
Business Wire
Restoration Hardware Holdings, Inc. (NYSE:RH) today announced
the appointment of Dr. Leonard Schlesinger to its Board of
Directors. He will also serve as the Chairman of the Board’s
Compensation Committee. Dr. Schlesinger has held executive
leadership positions at various retail and consumer brands,
including Vice Chairman and Chief Operating Officer of Limited
Brands from 1999 to 2007, and is an esteemed leader in academia
having served for over 20 years as a Professor of Business
Administration at Harvard Business School, and as the President of
Babson College, which has been ranked #1 for entrepreneurship for
20 consecutive years.
Gary Friedman, Chairman and Chief Executive Officer, commented,
“We are thrilled to have Len join the RH Board. He is a true
thought leader and we will benefit greatly from his wisdom and
experience as we continue our pursuit of becoming one of the most
innovative and admired brands in the world.”
“I am honored to join the RH Board and have the opportunity to
work with this exceptional team,” said Dr. Leonard Schlesinger. “I
look forward to contributing to the continued momentum and
long-term success of one of the most innovative brands in
retail.”
Dr. Schlesinger currently serves as a Baker Foundation Professor
of Business Administration at Harvard Business School, leading
courses in general management, organizational behavior, human
resource management, and service management, a role he returned to
in July 2013 after concluding a five-year term as the President of
Babson College. Prior to his term at Babson College, he served in
various senior executive positions at Limited Brands, most recently
as Vice Chairman and Chief Operating Officer. While at Limited
Brands, his areas of responsibility included operational and
financial leadership of Express, Limited Stores, Victoria’s Secret
Beauty, Bath and Body Works, C.O. Bigelow, Henri Bendel and the
White Barn Candle Company. Previously, Dr. Schlesinger served as
Executive Vice President, Chief Operating Officer and Director at
Au Bon Pain Co., Inc.
Dr. Schlesinger is the author or co-author of eleven books and
has written numerous articles for academic audiences as well as for
The New York Times, Fast Company, and Harvard Business Review. Dr.
Schlesinger currently serves as a Director of Demandware, Inc., a
Director of Viewpost, LLC, a member of the Corporation of the
Winsor School, and is a member of the President’s Council of the
Franklin W. Olin College of Engineering.
About Restoration Hardware Holdings,
Inc.
RH (Restoration Hardware Holdings, Inc. - NYSE:RH) is a curator
of design, taste and style in the luxury lifestyle market. The
Company offers collections through its retail galleries, source
books, and online at RH.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the federal securities laws, including statements
related to Dr. Schlesinger’s service as the Chairman of the
Compensation Committee and the expected benefits to the Company as
a result of his appointment. You can identify forward-looking
statements by the fact that they do not relate strictly to
historical or current facts. These statements may include words
such as “anticipate,” “estimate,” “expect,” “project,” “plan,”
“intend,” “believe,” “may,” “will,” “should,” “likely” and other
words and terms of similar meaning in connection with any
discussion of the timing or nature of future events. We cannot
assure you that future developments affecting us will be those that
we have anticipated. Important risks and uncertainties that could
cause actual results to differ materially from our expectations
include, among others, our ability to retain key personnel;
successful implementation of our growth strategy; general economic
conditions and the impact on consumer confidence and spending;
changes in customer demand for our products; our ability to
anticipate consumer preferences and buying trends; changes in
consumer spending based on weather and other conditions beyond our
control; risks related to the number of new business initiatives we
are undertaking; our ability to employ reasonable and appropriate
security measures to protect personal information that we collect;
risks related to “conflict minerals” compliance and its impact on
sourcing, if any, as well as those risks and uncertainties
disclosed under the sections entitled “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in Restoration Hardware Holdings’ Form 10-K
filed with the Securities and Exchange Commission on March 31,
2014, and similar disclosures in reports filed with the SEC, which
are available on our investor relations website at
ir.restorationhardware.com and on the SEC website at www.sec.gov.
Any forward-looking statement made by us in this press release
speaks only as of the date on which we make it. We undertake no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future developments or
otherwise, except as may be required by any applicable securities
laws.
Restoration Hardware Holdings, Inc.Cammeron McLaughlinVP,
Investor
Relations415-945-4998cmclaughlin@restorationhardware.com
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