Restoration Hardware names new finance chief
The CFO of RH (formerly Restoration Hardware) is stepping down.
The upscale home furnishings retailer said that Karen Boone has decided to step down from her current role to spend more time with her family. She will be succeeded by Ryno Blignaut, who will serve as president, CFO and administrative officer, effective August 14, 2018.
Blignaut most recently served as the chief business officer of Wheels Up, a private aviation company. Prior to that, he served as CFO and risk officer at online and mobile money transfer company Xoom through its initial public offering and at the time of its acquisition by PayPal. Boone has agreed to work through a transitionary period to ensure a smooth handoff of her responsibilities.
“Ryno’s financial leadership and experience in working with innovative, high growth businesses makes him an excellent fit for RH during the next phase of our growth as we continue our pursuit of becoming one of the most innovative and admired brands in the world,” said Gary Friedman, RH chairman and CEO.
Friedman offered praise for the company’s departing CFO.
“Her contributions to RH since joining us as chief financial officer in advance of our initial public offering in 2012, through the evolution of RH into the leading luxury home brand, and the recent transformation of our business model, have been invaluable,” he said. “She has been a true partner to me personally, and I appreciate her willingness to work with us to ensure a smooth transition.”
Boone said that she planned to serve on some boards of directors, but not to seek another full-time position for the next few years.
“I want to thank Gary for his leadership and mentorship these past six years,” she said. “I will miss being a part of this innovative team of leaders, look forward to helping with the transition, and wish everyone on Team RH the very best in the years to come.”
The upscale home furnishings retailer said that Karen Boone has decided to step down from her current role to spend more time with her family. She will be succeeded by Ryno Blignaut, who will serve as president, CFO and administrative officer, effective August 14, 2018.
Blignaut most recently served as the chief business officer of Wheels Up, a private aviation company. Prior to that, he served as CFO and risk officer at online and mobile money transfer company Xoom through its initial public offering and at the time of its acquisition by PayPal. Boone has agreed to work through a transitionary period to ensure a smooth handoff of her responsibilities.
“Ryno’s financial leadership and experience in working with innovative, high growth businesses makes him an excellent fit for RH during the next phase of our growth as we continue our pursuit of becoming one of the most innovative and admired brands in the world,” said Gary Friedman, RH chairman and CEO.
Friedman offered praise for the company’s departing CFO.
“Her contributions to RH since joining us as chief financial officer in advance of our initial public offering in 2012, through the evolution of RH into the leading luxury home brand, and the recent transformation of our business model, have been invaluable,” he said. “She has been a true partner to me personally, and I appreciate her willingness to work with us to ensure a smooth transition.”
Boone said that she planned to serve on some boards of directors, but not to seek another full-time position for the next few years.
“I want to thank Gary for his leadership and mentorship these past six years,” she said. “I will miss being a part of this innovative team of leaders, look forward to helping with the transition, and wish everyone on Team RH the very best in the years to come.”