CORTE MADERA, Calif.--(BUSINESS WIRE)--May 15, 2017--
RH (NYSE:RH) today announced the appointment of Sandra Stangl as
President of New Business Development.
Ms. Stangl will lead the development of future new business and growth
strategies that will leverage RH’s proprietary multi-channel platform.
Gary Friedman, Chairman and Chief Executive Officer commented, “We are
delighted to welcome Sandra to the RH team. I’ve had the pleasure of
previously working with Sandra for seven years, and have remained an
admirer of her work leading the development and growth of the Pottery
Barn collection of brands to nearly $3 billion as its President.”
Sandra Stangl said, “I’m thrilled to join the RH team, who I believe is
reimagining and redefining the retail experience. I couldn’t be more
excited to be contributing towards the continued growth of this dynamic
company.”
Ms. Stangl joins RH after a 23-year career at Williams-Sonoma, Inc.,
where she 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 where she
became President in 2008.
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: our future
new business and growth strategies; the expected benefits to RH of the
appointment of Ms. Stangl as President of New Business Development; 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.
You should not place undue reliance on these forward-looking statements.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170515005542/en/
Source: RH
RH
Cammeron McLaughlin, 415-945-4998
SVP, Investor Relations
and Strategy
cmclaughlin@rh.com
