RH (Restoration Hardware Holdings, Inc - NYSE: RH) today announced that Gary Friedman, the Company’s Chairman Emeritus, Creator and Curator, has been reappointed Co-Chief Executive Officer and Chairman of the Company’s Board of Directors effective immediately. Mr. Friedman will return to his prior role at the Company alongside Carlos Alberini, who has also been named Co-Chief Executive Officer. Mr. Friedman and Mr. Alberini together will lead and collaborate on all key strategic decisions impacting the Company.
In addition, the Company also announced that concurrent with Mr. Friedman’s appointment, RH has acquired the exclusive right to develop Hierarchy. The new concept will be rebranded as RH Atelier and will focus on the development of luxury apparel, accessories, footwear, and jewelry, and be integrated and launched on the RH platform.
Michael Chu, Former Chairman of RH commented, “Gary’s unique vision, creativity and passion have been invaluable to the growth and transformation of RH. Gary and Carlos are a tremendous team and together have made significant contributions to the success of the Company. On behalf of our Board of Directors, we are excited about the future growth and evolution of the RH brand under their leadership."
Carlos Alberini, Co-Chief Executive Officer, stated, “During the last few years, Gary and I have built an incredible partnership. Gary is a visionary with amazing talents who has led the extraordinary transformation of RH into one of the leading luxury brands in the market today. On behalf of our leadership team, I am thrilled to welcome Gary back into this role and look forward to the opportunity to continue this journey together.”Gary Friedman, Chairman, Creator, Curator & Co-Chief Executive Officer, commented, “I am honored to be rejoining Carlos, and the entire RH team in our quest to create the most innovative and inspiring brand in the industry. This team's ability to curate and integrate new products, businesses and experiences, then scale them across our multi-channel platform has enabled us to build one of the fastest growing brands in the marketplace.”