Ethan Allen has announced a leadership restructuring following the departure of the CEO, appointing Stefanie Tsen Ward, former Neiman Marcus Group, as interim CEO effective immediately.
Ward previously served as the chief integrated retail and customer officer of Neiman Marcus Group, where she oversaw the retailer’s transformation.
According to the business, during her time at the company she managed Neiman Marcus Group’s omnichannel enterprise and led over 40 stores and 6,000 associates.
As the interim CEO, she will manage Ethan Allen’s day-to-day operations and start execution of its reset while the board seeks a suitable successor.
The newly formed board aims to combine complementary experience in modern retail, digital and omnichannel execution, and home furnishings.
Ward said: “I am energized by the conversations already underway and to work alongside designers across our network of design centers and our HQ team to bring fresh ideas to life.
“Together we will build a culture of openness, collaboration, and accountability, moving with the speed and urgency needed to drive Ethan Allen forward.”
Moving forward, Douglas G. Bergeron, the former chairman and CEO of Verifone Systems, will serve as the executive chairman.
Bergeron added: “Today marks Day One of our 100 day plan. Every one of our new directors are working on the ground in Danbury rolling up their sleeves with management to identify early wins we can actualize now.
“This week we also are visiting our manufacturing facilities in Vermont, Virginia and North Carolina to meet the people who make our products great.”
Ethan Allen is a Us-based furniture retailer with over 150 stores across the US.
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