RH Announces the Appointment of Prakash Muppirala as Chief Technology Officer and President of RH Digital Innovations
May 18 2017 - 4:05PM
Business Wire
Muppirala to Lead RH's Efforts to Build a
Leading Digital Platform by Forming a Technology Company Inside a
Retail Company
RH (NYSE:RH) today announced the appointment of Prakash
Muppirala as Chief Technology Officer and President of RH Digital
Innovations.
Mr. Muppirala will lead RH's efforts to build a leading digital
platform by forming a technology company that will develop unique
and proprietary capabilities to amplify RH's pursuit of becoming
one of the most admired brands and business platforms in the
world.
Gary Friedman, RH Chairman and Chief Executive Officer
commented, “We are delighted to announce the appointment of Prakash
Muppirala as Chief Technology Officer and President of RH Digital
Innovations. Prakash has a deep background as an engineer and
technology leader who has personally developed numerous patented
systems, and participated in the architecture of complex business
platforms. His unique experience at both eBay for nine years, and
Staples for the past four years, has prepared him to lead this
important new business unit of RH.”
Mr. Muppirala said, “I am excited to be joining RH, a brand that
is at the forefront of innovation in retail. I look forward to
working with the RH team and contributing to future developments
and the continued evolution of the Company.”
Prior to joining RH, Mr. Muppirala served as Senior Vice
President, Global e-Commerce at Staples, Inc. leading large teams
globally across product, architecture, engineering, quality,
operations and site reliability engineering. Prior to Staples, Mr.
Muppirala held director of engineering and architecture roles at
eBay Inc., AOL/Netscape, and Siemens Inc. Mr. Muppirala has also
founded multiple startups and holds several patents in the internet
and ecommerce areas. Mr. Muppirala received his bachelor’s degree
in computer science from the National Institute of Technology,
India and a master’s degree in engineering management from Santa
Clara University.
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: RH’s plans to build a leading digital platform, form a
technology company and develop unique and proprietary capabilities;
RH’s pursuit of becoming one of the most admired brands and
business platforms in the world; RH’s creation of a new business
unit and Mr. Muppirala’s ability to lead this new business unit and
develop new technologies and capabilities for RH. 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/20170518006200/en/
RHCammeron McLaughlin, 415-945-4998SVP, Investor Relations and
Strategycmclaughlin@rh.com
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