Crate and Barrel Announces Leadership Change

CEO Diemoz departs; company pushes ahead with strategic growth

NORTHBROOK, Ill.--()--Global home furnishings retailer Crate and Barrel today confirmed that CEO Doug Diemoz has left the company to pursue his next challenge. Crate and Barrel Board Chair Neela Montgomery will become the new CEO effective August 1, 2017. In the interim, Montgomery will continue in her current position, working closely with President and Chief Merchant Steve ‘Woody’ Woodward, and Chief Operating Officer, Mike Relich.

“I would like to thank the Otto Group and the associates of the Crate and Barrel brands for their unwavering commitment to our turnaround success.”

According to Mr. Diemoz: "I would like to thank the Otto Group and the associates of the Crate and Barrel brands for their unwavering commitment to our turnaround success."

In an announcement to the company Ms. Montgomery thanked Doug “for his commitment in his role and wish him all the best in his future career.” Ms. Montgomery added “The Crate and Barrel family of brands has seen a strong turnaround in the past two years and I firmly believe the best is yet to come. Our vision of delivering great design for inspired living and providing best in class service to each and every customer remains strong.”

Founded in 1962 in Chicago, the Crate and Barrel family of brands has a combined retail footprint of more than 110 store locations serving major markets across North America as well as a robust online presence.

About Crate and Barrel

Crate and Barrel is an industry-leading home furnishings specialty retailer, known for its exclusive designs, excellent value and superb customer service. In addition to a thriving direct marketing division that services more than 90 countries, the company operates stores throughout the U.S. and Canada as well as international franchise locations around the globe. Working directly with European ateliers and factories, Crate and Barrel was among the first to introduce affordable household goods and contemporary home décor to American consumers. Founded in 1962, the brand's essence has translated perfectly to the omnichannel era 55 years after opening its first store. The Crate and Barrel family of brands, which includes CB2 and The Land of Nod, is owned by Otto Group, a global retail and services group based in Hamburg, Germany.

Contacts

Crate and Barrel
Vicki Lang
vlang@crateandbarrel.com

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