Restoration Hardware Holdings, Inc. Appoints Dr. Leonard Schlesinger to Board of Directors

  Restoration Hardware Holdings, Inc. Appoints Dr. Leonard Schlesinger to
  Board of Directors

Business Wire

CORTE MADERA, Calif. -- April 24, 2014

Restoration Hardware Holdings, Inc. (NYSE:RH) today announced the appointment
of Dr. Leonard Schlesinger to its Board of Directors. He will also serve as
the Chairman of the Board’s Compensation Committee. Dr. Schlesinger has held
executive leadership positions at various retail and consumer brands,
including Vice Chairman and Chief Operating Officer of Limited Brands from
1999 to 2007, and is an esteemed leader in academia having served for over 20
years as a Professor of Business Administration at Harvard Business School,
and as the President of Babson College, which has been ranked #1 for
entrepreneurship for 20 consecutive years.

Gary Friedman, Chairman and Chief Executive Officer, commented, “We are
thrilled to have Len join the RH Board. He is a true thought leader and we
will benefit greatly from his wisdom and experience as we continue our pursuit
of becoming one of the most innovative and admired brands in the world.”

“I am honored to join the RH Board and have the opportunity to work with this
exceptional team,” said Dr. Leonard Schlesinger. “I look forward to
contributing to the continued momentum and long-term success of one of the
most innovative brands in retail.”

Dr. Schlesinger currently serves as a Baker Foundation Professor of Business
Administration at Harvard Business School, leading courses in general
management, organizational behavior, human resource management, and service
management, a role he returned to in July 2013 after concluding a five-year
term as the President of Babson College. Prior to his term at Babson College,
he served in various senior executive positions at Limited Brands, most
recently as Vice Chairman and Chief Operating Officer. While at Limited
Brands, his areas of responsibility included operational and financial
leadership of Express, Limited Stores, Victoria’s Secret Beauty, Bath and Body
Works, C.O. Bigelow, Henri Bendel and the White Barn Candle Company.
Previously, Dr. Schlesinger served as Executive Vice President, Chief
Operating Officer and Director at Au Bon Pain Co., Inc.

Dr. Schlesinger is the author or co-author of eleven books and has written
numerous articles for academic audiences as well as for The New York Times,
Fast Company, and Harvard Business Review. Dr. Schlesinger currently serves as
a Director of Demandware, Inc., a Director of Viewpost, LLC, a member of the
Corporation of the Winsor School, and is a member of the President’s Council
of the Franklin W. Olin College of Engineering.

About Restoration Hardware Holdings, Inc.

RH (Restoration Hardware Holdings, Inc. - NYSE:RH) is a curator of design,
taste and style in the luxury lifestyle market. The Company offers collections
through its retail galleries, source books, and online at RH.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the
federal securities laws, including statements related to Dr. Schlesinger’s
service as the Chairman of the Compensation Committee and the expected
benefits to the Company as a result of his appointment. You can identify
forward-looking statements by the fact that they do not relate strictly to
historical or current facts. These statements may include words such as
“anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,”
“may,” “will,” “should,” “likely” and other words and terms of similar meaning
in connection with any discussion of the timing or nature of future events. We
cannot assure you that future developments affecting us will be those that we
have anticipated. Important risks and uncertainties that could cause actual
results to differ materially from our expectations include, among others, our
ability to retain key personnel; successful implementation of our growth
strategy; general economic conditions and the impact on consumer confidence
and spending; changes in customer demand for our products; our ability to
anticipate consumer preferences and buying trends; changes in consumer
spending based on weather and other conditions beyond our control; risks
related to the number of new business initiatives we are undertaking; our
ability to employ reasonable and appropriate security measures to protect
personal information that we collect; risks related to “conflict minerals”
compliance and its impact on sourcing, if any, as well as those risks and
uncertainties disclosed under the sections entitled “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results of
Operations” in Restoration Hardware Holdings’ Form 10-K filed with the
Securities and Exchange Commission on March 31, 2014, and similar disclosures
in reports filed with the SEC, which are available on our investor relations
website at ir.restorationhardware.com and on the SEC website at www.sec.gov.
Any forward-looking statement made by us in this press release speaks only as
of the date on which we make it. We undertake no obligation to publicly update
any forward-looking statement, whether as a result of new information, future
developments or otherwise, except as may be required by any applicable
securities laws.

Contact:

Restoration Hardware Holdings, Inc.
Cammeron McLaughlin
VP, Investor Relations
415-945-4998
cmclaughlin@restorationhardware.com
 
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