Restoration Hardware Appoints Carlos Alberini, Co-CEO, and a Member of the Board of Directors

CORTE MADERA, Calif., May 4 /PRNewswire/ -- Restoration Hardware today announced that Carlos Alberini has been appointed Co-Chief Executive Officer and a director of the Company.

Mr. Alberini joins Restoration Hardware from Guess?, Inc. where he served as the Company's President, Chief Operating Officer and Director since December 2000.  As a member of the leadership team with Guess co-founders Paul and Maurice Marciano, Mr. Alberini helped build Guess into one of the world's leading global lifestyle fashion brands, expanding the Company's market value from $200 million to more than $4 billion.

In his new role, Mr. Alberini will report to Restoration Hardware's Chairman Gary Friedman, who is also currently the Company's sole CEO.  With this new appointment, Mr. Friedman and Mr. Alberini will share the CEO responsibilities.  Mr. Friedman will continue to lead the Company's Creative, Merchandising, and Marketing functions, and Mr. Alberini will manage the Company's Operations, Finance, Supply Chain, Inventory, Information Technology, Stores, and Human Resources functions.  Mr. Alberini will also continue to serve as a member of the board of directors of Guess?, Inc.

Mr. Friedman stated, "I am thrilled to have Carlos as my partner.  These are exciting times for Restoration Hardware, and this appointment reflects the strong performance we are experiencing as well as the significant growth potential we see before us.  Carlos' personal values, leadership skills, and experience building a world class multi-concept, multi-channel, and multi-billion dollar global business will be invaluable as we continue our pursuit of becoming the most admired home lifestyle brand in the world."

Mr. Alberini commented, "I am very excited to join Gary and the Restoration Hardware team during this time of transformation and dramatic growth.  Together we have the opportunity to build a truly global home lifestyle brand.  I strongly admire what Gary and the team have accomplished.  The brand is uniquely positioned in the marketplace, a strong infrastructure ready to support explosive growth is in place, and the opportunities for expansion are limitless."

Prior to joining Guess, Mr. Alberini was SVP and CFO of  Footstar, Inc., and VP of Finance and Acting CFO of Melville Corporation.  He had previously served as SVP, CFO and Treasurer of The Bon Ton Stores after beginning his career with Price Waterhouse.

About Restoration Hardware

Restoration Hardware is the Country's leading premium home lifestyle brand, operating stores and an ecommerce web site in the United States and Canada.  The Company also mails the Restoration Hardware Home, Garden, Outdoor, Baby & Child, and Gift catalogs to millions of home centered consumers throughout the year.  Additionally the Company markets its brands to the Interior Design Trade, and has a Contract Division servicing the Hotel and Hospitality industry.  The Company is currently owned by an investment group led by Catterton Partners, Tower Three Partners and includes Glenhill Capital and Mr. Friedman.

SOURCE Restoration Hardware

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