April 11, 2005, 12:00 AM

Restoration Hardware adds chairman to Friedman`s president/CEO duties

Gary Friedman, who joined home furnishings retailer Restoration Hardware as president and CEO in 2001, has been named chairman of the board, succeeding founder Stephen Gordon.

 

Gary Friedman, who joined home furnishings retailer Restoration Hardware as president and CEO in 2001, has been named chairman of the board, succeeding founder Stephen Gordon.

Friedman has served as acting chairman since January, when Gordon resigned to assume the position of CEO of Sundance, the apparel and home furnishings retail division of a brand founded by actor Robert Redford. After launching Restoration Hardware in 1980, Gordon built the company into a chain of 100 stores, a catalog division and a web site, RestorationHardware.com.

Friedman joined Restoration Hardware from home furnishings retailer Williams-Sonoma Inc.

Restoration Hardware also made two appointments to its board. It named Damon Ball, a board member since 1997, to the new position of lead independent director. “The creation of the role of lead director is an important step to further enhance our board independence and corporate governance,” Friedman said.

The company said it expects that another director, T. Michael Young, will replace Ball as chairman of the audit committee after it files the company’s 10-K financial statement for fiscal 2004.

Restoration Hardware also appointed Ann Rhoades, president of human resources consulting firm PeopleInk Inc., as an independent member of the board.

 

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