Crate & Barrel CEO to Exit Retailer
Crate & Barrel CEO Neela Montgomery will leave the company on August 1st to pursue new opportunities.
The retailer said Montgomery informed the board of her decision late last year Crate & Barrel will announce her successor shortly. Montgomery is the third CEO to exit Crate & Barrel in six years.
Montgomery spent six years with the company’s Germany-based parent, the Otto Group, first as a member of the executive board and then as CEO of Crate and Barrel in August 2017.
"It has been a pleasure to lead these amazing brands at Crate and CB2," said Montgomery. "We have accelerated their strategic and operational capabilities as a digitally-forward, innovative retailer now positioned for the future. This is a passionate, talented team with a great platform for continued success. I thank them for their commitment and as I take on new challenges, I look forward to seeing their future achievements."
As a member of the executive board, Montgomery made significant contributions to the group's customer orientation and the integration of retail and online channels. As CEO of Crate and Barrel Holdings, she successfully drove the continued sales growth and operational development of the company. She also led the expansion of the CB2 brand, the acquisition of Hudson Grace, the launch of Crate and Barrel's first full-service restaurant concept, The Table at Crate, and a more seamless integration of offline and online channels.
"I would like to personally thank Neela for her contribution to the Otto Group over the past six years, first during her tenure in Hamburg and then as the CEO of Crate and Barrel,” said Prof. Dr. Michael Otto, chairman of the supervisory board of the Otto Group. “Though we are losing a global leader whose strategic vision, customer focus and digital expertise has brought us much success, I wish her well in her future endeavors."