Adesso Co-Founder Passes

Peggy TraubPeggy Traub

NEW YORK-Peggy Traub, a co-founder of Adesso Home and its president and CEO, passed away Jan. 13 after a long battle with cancer. She was 55.

Traub founded the company with Lee Schaak in 1994, and since then Adesso has become a successful company in lighting and ready-to-assemble furniture. Traub was also a big believer in the power and benefits of networking, and co-founded WithIt (Women in the Home Industries Today), a national trade organization that serves the needs of professional women in the home furnishings industry, in 1997. She was also a member of the Women Presidents' Organization, the Women's Leadership Board at Harvard University's Kennedy School of Government, the Committee of 200 and the advisory board of KIDS (Kids in Distressed Situations).

Traub earned a B.A. from Harvard and resided in Brooklyn Heights with her partner Phyllis Dicker. Together Peggy and Phyllis have sponsored the Traub-Dicker Rainbow Scholarship for several years, which annually awards scholarship funds to worthy college students. Peggy was the daughter of Marvin Traub, the former CEO of Bloomingdale's.

"Peggy will be greatly missed by the Adesso family," a statement said.

Funeral services are being held today at 2 p.m., at the Plaza Jewish Memorial Chapel, 630 Amsterdam Avenue at 91st Street; 212-769-4400.

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