Restoration Hardware has appointed Eri Chaya, Karen Boone and DeMonty Price to a new co-presidents position in the company. They will form an office of the president reporting to chairman and CEO, Gary Friedman, effective immediately.
Chaya becomes co-president and chief creative and merchandising officer. Before her promotion to co-president, she served as RH chief creative officer. She will lead all creative and merchandising functions for the company, including product development, merchandising, sourcing, inventory planning, plus the creative development and presentation of the company’s galleries, source books, websites, and marketing strategies.
Boone takes the title co-president and chief financial and administrative officer. Prior to promotion, she was RH chief financial and administrative officer. In her new role, Boon will lead all financial and administrative functions for the company, including strategic and financial planning, quality, accounting, treasury, tax, internal audit, human resources, investor relations legal and facilities operations.
Price has been promoted to the position of co-president, chief operating, service and values officer. He was RH chief service and values officer. He will lead all service and operational functions for the company, including all retail galleries, care centers, distribution centers, home delivery and supply chain functions, as well as the company’s interior design, contract, and outlet businesses.
Friedman stated, “I am proud to announce the promotions of Eri Chaya, Karen Boone and DeMonty Price to co-presidents of RH, forming what I believe is an elite team that can lead the company in a collaborative and integrated fashion during our next phase of growth. These leaders have demonstrated their ability to build and lead cross-functional teams that have achieved industry-leading results. This new structure is designed to organize the key functions of our business under their leadership, which I believe will strengthen the company’s culture, increase collaboration and innovation, and improve execution.”