On the RH CFO transition…I hate to use the term ‘non-event’ when an exec (or anyone, for that matter) resigns from a job due to health reasons – as it egregiously ignores what is likely a tough personal situation. But I can assure you that this is not a ‘can’t get along with Gary’ or ‘we’re about to puke the quarter’ event in disguise. The business is absolutely fine. Ryno Blignaut was only on the job as CFO for six months, and will be succeeded by Jack Preston – SVP Finance – an RH veteran whom I know well. The financial oversight function of the company is in very capable hands, as Preston had already been carrying much of the weight during the CFO transition after Karen Boone left last summer. RH is sitting comfortably on my Best Idea Long list.
Takeaway: Resist temptation to use the CFO leaving as a read into RH's biz. It's a tough personal circumstance, and the co is left in capable hands.
