RH shakes up C-suite
RH has made a major change within its executive team.
The retailer has appointed Ryno Blignaut as President, Chief Financial and Administrative Officer. The move comes after its previous President, Karen Boone, decided to step down from her current role to spend more time with her family. The company said Boone has agreed to work through a transitionary period to ensure a smooth handoff of her responsibilities.
“We are extremely pleased to have Ryno join the RH leadership team,” said Gary Friedman, RH Chairman and Chief Executive Officer. “Ryno’s financial leadership and experience in working with innovative, high growth businesses makes him an excellent fit for RH during the next phase of our growth as we continue our pursuit of becoming one of the most innovative and admired brands in the world.”
Blignaut will lead all financial and administrative functions at RH, including strategic and financial planning, accounting, treasury, tax, internal audit, investor relations, legal, and compliance, across the Company’s multiple businesses and brands. He previously served as Chief Financial and Risk Officer at Xoom through its initial public offering and at the time of its acquisition by PayPal, Inc.
“The last six years at RH have been an extraordinary experience for me. We have accomplished a great deal since our initial public offering and I feel confident that the Company is well-positioned for the next phase of its growth and innovation,” said Boone. “My decision to leave RH is based on my desire to spend more time with my family while my children still reside at home. My plan is to serve on some Boards of Directors but not to seek another full-time position for the next few years. I want to thank Gary for his leadership and mentorship these past six years. I will miss being a part of this innovative team of leaders, look forward to helping with the transition, and wish everyone on Team RH the very best in the years to come.”
RH, formerly known as Restoration Hardware, is headquartered in Corte Madera, Calif., just outside of San Francisco. According to the company, as of May 5, RH operates 83 stores in 32 states, the District of Columbia and Canada, consisting of 46 legacy Galleries, 17 Design Galleries, 2 RH Modern Gallery and 4 RH Baby & Child Galleries, 15 Waterworks showrooms, as well as 32 outlet stores throughout the U.S. and Canada.