Williams-Sonoma, Inc. Announces Election of Andrew Campion to Board of Directors

Rhea-AI Summary

Williams-Sonoma (NYSE: WSM) has elected Andrew Campion to its Board of Directors. Campion, formerly of Nike and The Walt Disney Company, brings vast experience in financial management, brand growth, and operational excellence. He currently serves on several boards, including Starbucks and the Los Angeles 2028 Olympic Games. CEO Laura Alber and Board Chair Scott Dahnke expressed their enthusiasm about Campion’s addition. Williams-Sonoma operates several brands including Pottery Barn and West Elm, and emphasizes sustainability in their business practices. The company is a leading digital-first home retailer operating in various international markets.

Positive

• Andrew Campion's election to the Board brings extensive experience in financial management and brand growth.
• Campion's background with multinational companies like Nike and Disney adds value to the Board.
• Williams-Sonoma continues to emphasize sustainability, aligning with current market trends.
• The company operates multiple popular brands such as Pottery Barn and West Elm, enhancing its market presence.
• Williams-Sonoma's digital-first strategy positions it well in the evolving retail landscape.

Negative

• The press release lacks specific information on how Campion's election will directly impact financial performance.
• No immediate financial benefits or strategic changes were outlined in the announcement.
• The announcement does not address any existing financial challenges or market pressures faced by the company.
• Potential dilution of focus due to Campion's multiple board memberships could be a concern for investors.
• No mention of concrete plans to leverage Campion's expertise for immediate business improvements.

SAN FRANCISCO--(BUSINESS WIRE)-- Williams-Sonoma, Inc. (NYSE: WSM) announced today that Andrew Campion has been elected to its Board of Directors.

“We are thrilled to have Andy join our Board,” said Laura Alber, President and Chief Executive Officer. “His background as an executive of a multinational, consumer-facing, public company combined with his extensive experience in brand and business growth strategy makes him a valuable addition to our Board.”

Scott Dahnke, Board Chair, joined Ms. Alber in welcoming Campion to the Board. “We are delighted to announce the addition of Andy to our Board. Andy’s experience leading enterprise financial management and planning teams, and cultivating operational excellence across organizations, is distinctive. He will provide our Board with valuable insights in these areas.”

From 2007 until April 2024, Campion served in executive leadership roles at Nike Inc., including as Chief Operating Officer, Chief Financial Officer, and head of global strategy. Prior to Nike, Campion spent over 11 years with The Walt Disney Company, ultimately serving as Senior Vice President of Corporate Development after prior leadership and management roles across global strategic planning, mergers and acquisitions, financial planning and analysis, operations planning, investor relations, and tax. Campion is currently Executive Chairman of Unrivaled Sports, a fast-emerging premium youth sports portfolio of businesses. Campion also currently serves on the Boards of Directors of The Starbucks Corporation, the Los Angeles 2028 Olympic and Paralympic Games, The Springhill Company, and the UCLA Anderson School of Management. Campion also founded and directs UCLA’s Sports Leadership and Management Program. Campion earned a B.A. in Economics at UCLA and an M.B.A. from UCLA’s Anderson School of Management. He also earned a Juris Doctor and Master’s Degree in Taxation from the University of San Diego.

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, Mark and Graham and GreenRow — 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 values-based culture and commitment to achieving our sustainability goals. 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.

For more information on our sustainability efforts, please visit: https://sustainability.williams-sonomainc.com

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240529559102/en/

Kendall Coleman

Corporate Public Relations

415-616-7926

Jeremy Brooks

Investor Relations

415-733-2371

Source: Williams-Sonoma, Inc.

FAQ

Who was recently elected to the Board of Directors of Williams-Sonoma?

Andrew Campion was elected to the Board of Directors of Williams-Sonoma.

What is Andrew Campion's background?

Andrew Campion has served in executive roles at Nike and The Walt Disney Company, specializing in financial management, global strategy, and operational excellence.

Which companies' boards does Andrew Campion currently serve on?

Andrew Campion currently serves on the boards of Starbucks, the Los Angeles 2028 Olympic Games, The Springhill Company, and UCLA Anderson School of Management.

What brands does Williams-Sonoma operate?

Williams-Sonoma operates brands such as Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, Mark and Graham, and GreenRow.

What kind of retailer is Williams-Sonoma?

Williams-Sonoma is a digital-first, design-led, and sustainable home retailer.

How does Williams-Sonoma emphasize sustainability?

Williams-Sonoma has deeply ingrained sustainability into their business practices, from factories to customer homes.