Crate and Barrel Names Neela Montgomery as New CEO

NORTHBROOK, Ill.--(BUSINESS WIRE)--Global home furnishings retailer Crate and Barrel today announced the appointment of Neela Montgomery as Chief Executive Officer. The former Executive Board Member for Multi-Channel Retail of Crate and Barrel’s shareholder, Hamburg-based Otto Group, will assume the role effective August 1, 2017.

The 42-year-old Briton joined the Otto Group in November 2014 and has very successfully led the Otto Group’s Multi-Channel Retail strategy. Serving simultaneously on multiple boards for Otto Group companies, the Chairwoman has guided the outstanding development of the companies she has served; including most notably Crate and Barrel.

“Crate and Barrel is a strong brand, a great company and a team of wonderful people,” says Neela Montgomery. "I am looking forward to developing the company further by taking over not only strategic, but now also operational responsibility.”

Before joining the Otto Group, Montgomery spent twelve years at Tesco Plc, the world's third-largest retailer, where she held a variety of leadership roles internationally including Chief Merchant for Tesco Malaysia, U.K. E-Commerce Director and U.K. General Merchandise Director on the U.K. Board of Tesco. Montgomery started her career in strategy and marketing consulting both in the U.S. and U.K. She holds a Bachelor's degree from Oxford University and an M.B.A. from INSEAD having studied in France and Singapore.

“I respect Neela Montgomery’s decision to lead a company under her responsibility,” shared Dr. Michael Otto, Chairman of the Otto Group Supervisory Board. “Though we will miss her strategic and creative force on the Group Executive Board, Crate and Barrel gains a passionate global leader.”

About Crate and Barrel

Crate and Barrel is an industry-leading home furnishings retailer known for exclusive designs, excellent value and superb customer service. Working directly with European ateliers and factories, Crate and Barrel was among the first to introduce affordable household goods and contemporary home décor to American consumers. Founded in 1962 and headquartered in Illinois, the brand's essence has translated perfectly to the omnichannel era more than 50 years after opening its first store. The company operates stores throughout the U.S. and Canada as well as international franchise locations across the globe. For more information, visit www.crateandbarrel.com.

Contacts

Crate and Barrel

Jill Assad

jassad@crateandbarrel.com