Mr. Diemoz to Lead the Company’s International Expansion and
Development of Emerging New Businesses
CORTE MADERA, Calif.--(BUSINESS WIRE)--Mar. 27, 2014--
RH (Restoration Hardware Holdings, Inc. - NYSE: RH) today announced that
Doug Diemoz has joined the Company as Chief Development Officer. In this
newly created position, Mr. Diemoz will be responsible for developing
and leading the Company’s future international growth and global
expansion efforts. In addition, Mr. Diemoz will also be responsible for
the development and management of emerging new businesses.
In his new role, Mr. Diemoz will report to RH’s Chairman and Chief
Executive Officer, Gary Friedman, and serve as a member of the Company's
Executive Leadership Team. Mr. Diemoz brings nearly 20 years of
operational, financial and international expertise in the retail
industry at global brands including MEXX, Williams-Sonoma, Inc, and Gap,
Gary Friedman, Chairman and Chief Executive Officer, commented, “On
behalf of the entire RH team, I am thrilled that Doug will be joining
RH. I've known and admired Doug for years and believe his high energy,
drive, and collaborative nature is an excellent fit for our culture. His
finance, operations, and international experience will be invaluable as
we execute our long term growth strategy.”
Doug Diemoz, Chief Development Officer, said, “I am honored to join RH
in this new role. Gary and the team have built a brand with enormous
international potential, plus the current and new brand extensions
position the Company for robust long term growth. I look forward to
being a part of one of the most innovative companies in retail today.”
Prior to joining RH, Mr. Diemoz served as Chief Executive Officer of
MEXX, an Amsterdam-based, international fashion brand in over 46
countries and sold through 5,000 retail and wholesale stores worldwide.
During his tenure at MEXX, from 2011 to 2013, Mr. Diemoz also served in
the roles of President, Chief Transformation Officer and Chief Financial
Prior to MEXX, Mr. Diemoz spent over nine years at Williams-Sonoma, Inc.
in various senior finance roles, including Divisional Chief Financial
Officer and Senior Vice President, Financial Operations of the Pottery
Barn Brands. Mr. Diemoz spent over five years at Gap, Inc.’s Old Navy
brand in various finance roles and started his career as a financial
analyst in Bank of America’s Corporate Real Estate group.
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.
This release contains forward-looking statements within the meaning of
the federal securities laws including statements related to Mr. Diemoz's
responsibilities, his role within the Company and the management
structure. 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 April 29, 2013, the risks
and uncertainties disclosed under the section entitled “Risk Factors” in
Restoration Hardware Holdings’ Form 10-Q filed with the Securities and
Exchange Commission on December 17, 2013, 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.
Source: Restoration Hardware Holdings, Inc.
Restoration Hardware Holdings, Inc.
Katya Sorokko, 415-945-3598