Restoration Hardware Holdings, Inc. Announces Departure of Co-Chief Executive Officer Carlos Alberini
Mr. Alberini Plans to Continue to Serve as a Member of the Board of Directors and Remain a Significant Shareholder of the Company
Mr. Friedman continued, “Carlos has been a tremendous partner to me personally, and while disappointed to not have our relationship continue in its current capacity, I am thrilled we will have the opportunity to work together at the Board level in our quest to build one of the most innovative and admired brands in the industry.”
In closing, Mr. Friedman commented, "We are developing a transition plan
and will initiate a search for Carlos’ replacement shortly. I am
confident that our exceptional leadership team will continue to drive
industry leading growth and results. From all of us at TeamResto, I wish
Carlos, his wife Andrea, and their entire family much love and happiness
in this next adventure as they return to their former home in
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of
the federal securities laws including statements related to the
Company’s industry leading growth and results, statements relating to
the Company’s brands being among the most innovative and admired in the
industry and statements related to Mr. Alberini’s continuing service on
the Board of Directors and his plans to remain a significant shareholder
of the Company. 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, 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, risks related to the number of new business
initiatives we are undertaking, risks in the implementation or our real
estate portfolio transformation, delays in store openings, 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
Source:
Investor Contact
Restoration
Hardware Holdings, Inc.
Cammeron McLaughlin, 415-945-4998
VP,
Investor Relations
cmclaughlin@restorationhardware.com
or
Press
Contact
ICR, Inc.
Alecia Pulman or Jessica Liddell,
203-682-8200
RH@icrinc.com