RH (NYSE:RH) today announced the promotions of Sandra Stangl and
David Stanchak, and their appointment to the Office of the
President.
Sandra Stangl has been promoted to the position of President,
Chief Merchandising & Business Development Officer, and David
Stanchak has been promoted to the position of President, Chief Real
Estate & Development Officer. They join Eri Chaya, President,
Chief Creative Officer, DeMonty Price, President, Chief Operating,
Service & Values Officer, and Karen Boone, President, Chief
Financial & Administrative Officer in the newly expanded Office
of the President, reporting to RH Chairman & Chief Executive
Officer, Gary Friedman.
Gary Friedman, Chairman & Chief Executive Officer commented,
“I am pleased to announce the promotions of Sandra Stangl and Dave
Stanchak, and their appointment to the Office of the President.
They are both deeply passionate about the vision we are pursuing
and the culture we are creating, as we continue our quest to become
one of the most admired brands in the world. They have demonstrated
their ability to build and lead cross functional teams that have
achieved industry leading results.”
Mr. Friedman continued, “The Office of the President is designed
to promote cross functional collaboration, by leading the Company
in an integrated fashion, tearing down the silos that exist in most
organizations of scale.”
“I believe I speak for the entire Office of the President, when
I say we are thrilled to be leading RH through its next phase of
innovation and growth with Sandra and Dave as integral members of
the team,” Mr. Friedman concluded.
In her new role as President, Chief Merchandising & Business
Development Officer, Ms. Stangl will lead Merchandising, Inventory
Planning, and Sourcing for RH Interiors, Modern, Outdoor, Baby
& Child, Teen, and Contract, across the Company’s physical,
digital, and print channels of distribution.
In his new role as President, Chief Real Estate &
Development Officer, Mr. Stanchak will lead Real Estate
Development, Architecture & Design, for all of the Company’s
brands, concepts, and facilities domestically and
internationally.
Eri Chaya, President, Chief Creative Officer and Board Member,
will continue to lead Product Curation & Integration, Brand
Development & Design, and Interior Design for RH Interiors,
Modern, Outdoor, Baby & Child, Teen, and Contract, across the
Company’s physical, digital, and print channels of
distribution.
DeMonty Price, President, Chief Operating, Service, & Values
Officer, will continue to lead Service and Operations across the
Company’s Galleries, Outlets, Distribution Centers, Care Centers,
and Home Delivery Network, as well as ensure a deep commitment to
our values and beliefs throughout the organization.
Karen Boone, President, Chief Financial & Administration
Officer will continue to lead all Financial and Administrative
functions for the Company, including Strategic and Financial
Planning, Accounting, Treasury, Tax, Internal Audit, Human
Resources, Investor Relations, Legal, Compliance, and Facilities
across the Company’s multiple businesses and brands.
Prior to Ms. Stangl’s appointment to the Office of the
President, Ms. Stangl has served as President of New Business
Development since she joined RH in May 2017. Ms. Stangl joined RH
after a 23-year career at Williams-Sonoma, Inc., where she most
recently served as President of the Pottery Barn Brands, including
Pottery Barn, Pottery Barn Kids, and Pottery Barn Teen. Ms. Stangl
ascended through the ranks at Pottery Barn and played important
roles in leading the conceptualization and development of the
Pottery Barn Kids and Teen brands, in addition to leading the
development and growth of the flagship Pottery Barn brand. In 2008,
Ms. Stangl was appointed to President, Pottery Barn, where, with
her vision and distinct style of leadership, she led the iconic
retailer to unprecedented success.
Prior to Mr. Stanchak’s appointment to the Office of the
President, Mr. Stanchak has served as RH’s Chief Real Estate and
Transformation Officer since May 2017 and Chief Real Estate and
Development Officer from May 2015 to May 2017. From 2008 to 2013,
Mr. Stanchak served as Senior Vice President of Dick’s Sporting
Goods and as President of Golf Galaxy. Mr. Stanchak has also been
the President and owner of Pinpoint Real Estate Company since 1995.
Over his 30-year career in the commercial real estate industry, Mr.
Stanchak has worked as a senior executive, board member,
consultant, investor, real estate broker and attorney in all
aspects of high-growth, multi-unit retail brand development. He has
had direct responsibility for opening more than 2,500 retail store
locations, managing real estate portfolios and deploying in excess
of $2 billion for retailers including RH, Dick’s Sporting Goods,
Field & Stream, Golf Galaxy, True Runner, DSW, Filene’s
Basement, Mike Ditka’s Steakhouse, James Hardie Building Products,
Blockbuster Entertainment, Einstein/Noah Bagel Corp. and Boston
Market.
Please join Team RH in congratulating Sandra and Dave, and
wishing them continued success in their new roles.
About RH
RH (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, RHModern.com,
and Waterworks.com.
Forward-Looking
Statements
This release contains forward-looking statements within the
meaning of the federal securities laws including statements related
to the anticipated roles of the members of the Office of the
President, the expected benefits to RH of the appointment of Ms.
Stangl as President, Chief Merchandising & Business Development
Officer, and Mr. Stanchak as President, Chief Real Estate &
Development Officer, the ability of the Office of the President to
promote cross functional collaboration and lead the Company in an
integrated fashion, and any statements or assumptions underlying
any of the foregoing. 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 RH’s 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/20171128006342/en/
RHCammeron McLaughlin, 415-945-4998SVP, Investor Relations and
Strategycmclaughlin@rh.com
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