RH Announces the Appointment of Doug Diemoz as Chief Development Officer
Mr. Diemoz to Lead the Company’s International Expansion and Development of Emerging New Businesses
CORTE MADERA, Calif.--(BUSINESS WIRE)-- 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, Inc.
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 Officer.
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.
Restoration Hardware Holdings, Inc.
Cammeron McLaughlin, 415-945-4998
Katya Sorokko, 415-945-3598
Source: Restoration Hardware Holdings, Inc.
Released March 27, 2014