CORTE MADERA, Calif.--(BUSINESS WIRE)--Apr. 24, 2014--
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.
Source: Restoration Hardware Holdings, Inc.
Restoration Hardware Holdings, Inc.
Cammeron McLaughlin
VP,
Investor Relations
415-945-4998
cmclaughlin@restorationhardware.com
