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LEADERSHIP TRANSITION AT THE WILLIAMS SONOMA BRAND
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Williams-Sonoma, Inc. (NYSE: WSM) announced the resignation of Ryan Ross, President of the Williams Sonoma brand, effective July 26, 2022. Ross is leaving for a leadership role outside the company. Felix Carbullido, previously Chief Marketing Officer, will assume the role of President. Laura Alber, CEO, expressed confidence in Carbullido's ability to drive growth and develop the Williams Sonoma brand further. The company remains a leader in sustainable home retail, operating multiple brands across several countries.
Positive
Felix Carbullido's extensive marketing experience may lead to innovative strategies for growth.
Continuity in leadership with Carbullido's prior role as CMO may ensure stability.
Negative
Ryan Ross's departure could lead to a potential loss of leadership continuity within the organization.
SAN FRANCISCO--(BUSINESS WIRE)--
Williams-Sonoma, Inc. (the “Company”) (NYSE: WSM) announced today that Ryan Ross, President of the Williams Sonoma brand, is resigning effective July 26, 2022 to assume a leadership role outside of the Company.
Laura Alber, President and Chief Executive Officer of Williams-Sonoma, Inc., said, “On behalf of the board and executive management team, I would like to thank Ryan for his many contributions to the Company.”
Ross commented, “I am proud of the accomplishments of the Williams Sonoma brand over the recent years. I would like to thank the incredibly strong team in place for its unwavering focus on growing the business.”
Effective immediately, Felix Carbullido will assume the role of President, Williams Sonoma brand. Most recently, Mr. Carbullido served as Chief Marketing Officer (“CMO”) of the Company since 2014, leading marketing strategy and operations across the Company’s portfolio of brands. He joined Williams-Sonoma, Inc. in 2009 with a breadth of merchandising, e-commerce, and marketing expertise, as Vice President, Pottery Barn E-commerce; and was promoted in 2011 to Senior Vice President, Pottery Barn DTC, overseeing all aspects of the brand’s online and catalog business.
Carbullido said, “I am thrilled to join the Williams Sonoma team in taking this iconic brand to its next stage of growth and further developing its platform as a leader in the retail and culinary world for years to come.”
Alber concluded, “I am excited for the future growth opportunities we see in the Williams Sonoma brand with Felix at the helm. He has built an incredibly talented marketing organization, and together we will launch an internal and external search for our next CMO.”
ABOUT WILLIAMS-SONOMA, INC.
Williams-Sonoma, Inc. is the world’s largest digital-first, design-led and sustainable home retailer. The company’s products, representing distinct merchandise strategies — Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, and Mark and Graham — are marketed through e-commerce websites, direct-mail catalogs and retail stores. These brands are also part of The Key Rewards, our loyalty and credit card program that offers members exclusive benefits across the Williams-Sonoma family of brands. We operate in the U.S., Puerto Rico, Canada, Australia and the United Kingdom, offer international shipping to customers worldwide, and have unaffiliated franchisees that operate stores in the Middle East, the Philippines, Mexico, South Korea and India, as well as e-commerce websites in certain locations. We are also proud to be a leader in our industry with our Environmental, Social and Governance (“ESG”) efforts. Our company is Good By Design — we’ve deeply ingrained sustainability into our business. From our factories to your home, we’re united in a shared purpose to care for our people and our planet.
