NBG Home has appointed Hope Margala CEO. Margala succeeds Scott Slater who will continue to serve the company as a member of the board of directors.
Margala was president and CEO of The Yankee Candle Company, a wholly owned subsidiary of Newell Brands, before she took the NBG post.
“Under Scott Slater, the management team has grown NBG Home into the market leader in affordable home décor,” said Peter Morrow, managing director at Sycamore Partners. “We recognize and appreciate his remarkable accomplishments and look forward to his continued contributions as a member of the NBG Home board. Hope is the ideal person to lead NBG Home into the future and brings a unique perspective and deep understanding of consumer wholesale, product development, marketing and branding. Moreover, throughout her career, Hope has demonstrated a commitment to promoting a strong culture with an emphasis on teamwork, collaboration and well-defined processes, all of which will serve the company well.”
Private equity firm Sycamore Partners acquired NBG Home in 2017.