New CEO for Crate and Barrel
May 4, 2017,
NORTHBROOK, Ill.—Crate and Barrel has named Neela Montgomery CEO. A former board member of Crate’s parent company, Otto Group, Montgomery takes the reins Aug. 1.
She succeeds Doug Diemoz, who left the company a few weeks ago and is involved in a lawsuit with his former employer, Restoration Hardware, over a food and beverage store concept. Montgomery had assumed many of Diemoz’s responsibilities after his departure in April.
“Crate and Barrel is a strong brand, a great company and a team of wonderful people,” Montgomery said. “I am looking forward to developing the company further by taking over not only strategic, but now also operational responsibility.”
“I respect Neela Montgomery’s decision to lead a company under her responsibility,” said Dr. Michael Otto, chairman of the Otto Group supervisory board. “Though we will miss her strategic and creative force on the group executive Board, Crate and Barrel gains a passionate global leader.”
In other executive news, fellow home retailer Pier 1 Imports’ new CEO began work this week. Alasdair James, who was named to the position last month, most recently was president of Kmart since 2014. James, like Montgomery, also worked for Tesco, holding several senior executive roles. He served as commercial director of the global business unit, as well as executive vice president and commercial director of Tesco China. James started at Pier 1 on Monday and also joins its board of directors.
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