RH Appoints Hilary Krane to the Company's Board of Directors
22 June 2016 - 6:30AM
Business Wire
RH (Restoration Hardware Holdings, Inc. - NYSE: RH) today
announced the appointment of Hilary Krane to its Board of
Directors, effective immediately. She will also serve on the
Board’s Audit Committee.
Ms. Krane currently serves as the Executive Vice President,
Chief Administrative Officer and General Counsel of NIKE, Inc.
Prior to joining NIKE, Inc. in 2010, Ms. Krane held various roles
at Levi Strauss & Co., including Senior Vice President, General
Counsel and Corporate Affairs.
Gary Friedman, Chairman and Chief Executive Officer, commented,
“We are delighted to welcome Hilary to the RH Board. Her experience
contributing to the growth and development of innovative and iconic
global brands will be invaluable as we continue to build RH into
the leading luxury home and design platform in the world."
“I'm excited and honored to be joining the board of a Company
that is redefining its market and driving innovation in the retail
industry," said Ms. Krane. "I look forward to working with Gary and
the entire RH board to help actualize their vision of becoming one
of the most admired brands in the world.”
Ms. Krane replaces Thomas Mottola who, as previously announced,
is stepping down from the RH Board and its various committees due
to competing demands on his time. The Board has appointed Mark
Demilio as the Chair of the Company’s Nominating and Corporate
Governance Committee filling the role previously handled by Mr.
Mottola.
Mr. Friedman, concluded, “On behalf of myself, the Board and the
entire RH team, I want to thank Tommy for his inspired leadership
and guidance. He has made important contributions to shaping the
brand and business we are today.”
About RH
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 expected benefits from the appointment of Hilary Krane
to the Board and Audit Committee and from the appointment of Mark
Demilio to the Chair of the Corporate Governance and Nominating
Committee as well statements relating to RH redefining the market
and our efforts to build RH into the leading luxury home and design
platform and becoming one of the most admired brands in the world.
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;
our ability to take advantage of the transaction with Waterworks;
uncertainties in the current performance of our business including
a range of risks related to our operations as well as external
economic factors; general economic conditions and the impact on
consumer confidence and spending; changes in customer demand for
our products; factors affecting our outstanding convertible senior
notes; our ability to anticipate consumer preferences and buying
trends, and maintaining our brand promise to customers; 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; strikes and work stoppages affecting port workers
and other industries involved in the transportation of our
products; our ability to obtain our products in a timely fashion or
in the quantities required; our ability to employ reasonable and
appropriate security measures to protect personal information that
we collect; our ability to support our growth with appropriate
information technology systems; 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’ most recent Form 10-K filed with the Securities
and Exchange Commission, and similar disclosures in subsequent
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160621006485/en/
RHCammeron McLaughlin, 415-945-4998SVP, Investor Relations and
Strategycmclaughlin@rh.com
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