Williams-Sonoma declares ceo transition, new forecast
July 11, 2006,
San Francisco – Williams-Sonoma today announced new fiscal guidelines for 2006 – a boost to earnings but a downturn in sales – and said ceo Ed Mueller will retire in an orderly transition.
$12 million from unredeemed gift certificates.
Mueller’s retirement is effective July 14. He will continue as a director through the end of his term in May 2007. Chairman of the board Howard Lester, who served as ceo from 1979 to 2001, is reappointed ceo; he will continue as chairman.
Three key promotions were announced:
- Laura Alber to president, Williams-Sonoma, Inc. from president, Pottery Barn Brands;
- Sharon McCollam adds coo to her titles of executive vp and cfo;
- Dean Miller to evp, chief supply chain officer, from senior vp, global logistics and sourcing.