BJ’s Snags Home Depot Exec for Chief Digital Officer, Rent the Runway Appoints CTO
BJ’s Wholesale Club will add Monica Schwartz as its SVP, chief digital officer, while Rent the Runway has announced Larry Steinberg is the retailer's new chief technology officer (CTO) and Ellen Shultz is joining as the company’s chief people officer.
Schwartz, who was most recently the VP, Online Merchandising at Home Depot, will lead BJ’s digital business, reporting directly to BJ’s president and CEO Lee Delaney, beginning on August 3.
“We remain committed to scaling our digital business and launching new offerings that deliver convenience and delight our members," said Delaney. “We’re thrilled Monica is joining the team. Her extensive knowledge, experience and diverse background will be instrumental as we continue to accelerate our digital priorities and transform BJ’s Wholesale Club.”
In recent years, BJ’s has launched an improved website, mobile app, digital coupons, buy online, pick-up in club, same-day grocery delivery and more. Schwartz will continue to build on these capabilities and drive further enhancement to deliver value and convenience to members.
“I am excited to join the BJ’s team and look forward to working alongside a talented group of people to continue to scale and enhance the company’s digital capabilities,” Schwartz said. “BJ’s has made significant progress in its digital transformation and I look forward to partnering with the team to continue to build on this momentum and position the company for long-term success.”
As VP, Online Merchandising at Home Depot, Schwartz was responsible for leading the company’s online merchandising and category experience across desktop, mobile web and the app. Prior to Home Depot, Schwartz held various leadership positions at Nine West Holdings, Stuart Weitzman, David Yurman and eBay. She holds a Master of Business Administration from UCLA Anderson School of Management and a Bachelor of Fine Arts from Miami University.
REnt the runway
Larry Steinberg joined the Rent the Runway team as a consultant in May and transitioned to the full-time role of CTO in July. He replaces Josh Builder, who left the company earlier this year for Signify Health.
Steinberg is responsible for leading Rent the Runway’s technology strategy and the company’s critical future-focused technology innovations to maximize Rent the Runway’s impact with members and customers.
He has broad technology and business leadership experience which includes operating within companies of startup size through a top-10 tech company. He also founded and operated enterprise management startup Engyro (formerly Dirigo) which was acquired by Microsoft and then integrated into the Microsoft System Center product line. Steinberg managed multiple teams at Microsoft and also conducted due diligence, led acquisitions, and integrated those companies into the System Center product line. As the CTO for Agilysys from 2012-2018, he was a member of the executive team which transformed a traditional on-premise software business and technology to a SaaS based operation.
“Larry brings a wealth of knowledge and experience in technology start-ups, software and product development, and systems architecture,” said Jennifer Hyman, Rent the Runway Co-Founder and CEO. “We look forward to building systems to better leverage technology to drive growth and enhance our customer experience.”
“Rent the Runway’s mission is incredibly unique and disruptive,'' said Steinberg. “I’m excited to be involved with such an innovative organization that is poised to proactively address the rapid changes in consumer behavior.”
Ellen Shultz, who will take on the role of chief people officer September 8, previously served as The New York Times’ most senior HR leader and member of the organization’s Executive Committee. She will play a critical role in accelerating Rent the Runway’s continued transformation of consumer behavior change.
Shultz brings to Rent the Runway more than 20 years of experience pioneering people strategies and building diverse and inclusive organizations.
“Ellen has a unique ability to create an inclusive, dynamic and people-centered culture across teams and has a proven track record developing strategies that deliver solutions to drive organizational excellence,” said Hyman. “I am thrilled to have Ellen join our leadership team and look forward to leveraging her tremendous expertise as we continue our commitment to developing and fostering talent.”
Shultz has served as the executive vice president of Talent and Inclusion and a member of the Executive Committee at The New York Times since 2016. In this role, she has provided strategic guidance to the CEO and had operational oversight of the global HR function. She was responsible for attracting, retaining, compensating, motivating and developing a diverse global workforce during a period of rapid change. Shultz sits on the Board of Directors for the Emma Bowen Foundation, an organization helping to build a more diverse media industry.
Prior to the New York Times, from 2015-2016, Shultz served as vice president and head of Human Resources at Media General, a broadcast and digital conglomerate. She led all HR functions and was tasked with integrating the cultures of the legacy broadcasters and digital acquisitions that made up the company’s portfolio. Prior to that, Shultz worked for 15 years at Time Inc., joining as a manager in recruitment and serving in a number of successively senior roles in the HR department.
“Rent the Runway’s mission of democratizing fashion and their commitment to building a diverse and progressive community was a natural draw. I’m excited to be joining the Rent the Runway team to lead the company’s people strategy during this next phase of growth,” commented Shultz.