Restoration Hardware Names New Chief Financial Officer

March 7, 2006  by in UnCategorized   

By Home Furnishings Business in on March 2006 Chris Newman has been named senior vice president and chief financial officer of Restoration Hardware.

Prior to joining the lifestyle retailer, Newman was vice president and chief financial officer of store operations for Limited Brands where he worked the last seven years. During his tenure with Limited, Newman also served in executive financial roles at Bath and Body Works and Victoria's Secret. Prior to his time at Limited Brands, Newman held progressively responsible positions at PepsiCo in financial and strategic planning for more than nine years.

Newman began his career at J.P. Morgan and attended Brown University.

"We are very pleased to be able to announce that Chris is joining Restoration Hardware," said Gary Friedman, president, chairman and chief executive officer. "His deep experience with a variety of specialty retail brands in both retail store and direct channels is a perfect match for us. I believe Chris will acclimate very rapidly and be a key strategic partner on the senior management team."

Newman assumes the responsibilities of Patricia McKay, former executive vice president and chief financial officer for Restoration Hardware, who resigned in September to join Office Depot.

"I am thrilled to be joining the team at Restoration Hardware," Newman said. "I'm impressed with the brand and excited about the company's prospects for growth in both sales and profitability. I look forward to working with the finance team, senior management and other business partners to achieve Restoration Hardware's potential."