RH Announces the Appointment of Sandra Stangl as President of New Business Development
May 15 2017 - 9:02AM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170515005542/en/
RHCammeron McLaughlin, 415-945-4998SVP, Investor Relations and
Strategycmclaughlin@rh.com
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