CORTE MADERA, Calif.--(BUSINESS WIRE)--Nov. 28, 2017--
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171128006342/en/
Source: RH
RH
Cammeron McLaughlin, 415-945-4998
SVP, Investor Relations
and Strategy
cmclaughlin@rh.com
