RH Announces Leadership Changes and Promotions
To Our People, Partners, and Shareholders,
DeMonty Price, President, Chief Operating, Service and Values Officer, has informed the Company of his plans to retire from RH to spend time with his family, effective
During his 19-year career at RH, DeMonty has been a tremendous leader of our cause, a fierce advocate of our values, and played a critical role shaping our culture while building one of the most admired brands in our industry. During our twenty-four years working together at both RH and
The entire RH team stands in applause while wishing DP and his family much love and happiness in this next chapter of their lives.
DeMonty’s responsibilities will be transitioned to the following leaders:
In their new roles Stefan, Fernando, and Sandy with report directly to me.
All of us on Team RH congratulate Stefan, Sandy, and Fernando for their well-deserved promotions, and wish them continued success leading our cause.
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, RHBabyandChild.com, RHTEEN.com and Waterworks.com.
This Release contains forward-looking statements within the meaning of the federal securities laws, including, without limitation, statements concerning the leaders who are assuming the responsibilities previously performed by DeMonty Price and the scope of responsibilities and titles of such leaders. 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 “if,” “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, risks and uncertainties relating to the global outbreak of the COVID-19 virus including the Delta variant of such virus and any ongoing impact on our business related to the virus; risks related to our dependence on key personnel and any changes in our ability to retain key personnel; risks related to the successful implementation of our growth strategy; risks related to the number of new business initiatives we are undertaking; successful implementation of our growth strategy including our real estate transformation and the number of new Gallery locations that we seek to open and the timing of the openings; 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 housing market as well as the impact of economic conditions on consumer confidence and spending; changes in customer demand for our products; our ability to anticipate consumer preferences and buying trends, and maintaining our brand promise to customers and other similar issues, 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 and Form 10-Q filed with the