Gifts Today magazine

CEO Crate & Barrel announced

Neela Montgomery, executive board member at Crate & Barrel's parent company, the Otto Group, is named new Crate & Barrel CEO

Crate & Barrel, whose CEO left last month, has named a replacement.

Neela Montgomery, executive board member at Crate & Barrel's parent company, the Otto Group, will become CEO effective Aug. 1, the company announced Thursday.

Neela has served on boards for the Northbrook-based company since 2014. She also spent 12 years at Tesco, which bills itself as the world's third-largest retailer.

Montgomery stepped into the interim CEO role last month, when Doug Diemoz, who is at the center of a lawsuit filed against the company by rival Restoration Hardware, left. A spokeswoman declined to say why.

Diemoz arrived at Crate & Barrel in 2015, after the departure of previous chief Sascha Bopp.

Crate & Barrel has been in the spotlight recently not only because of the Restoration Hardware lawsuit but because of news of co-founder Gordon Segal's plans to lease the company's Michigan Avenue flagship to Starbucks, which will use the space as a four-level roastery.



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