Home furnishings retailer confirms new CEO

It's official: Crate and Barrel has confirmed that CEO Doug Diemoz has left the company.

Crate and Barrel announced Tuesday that board chair Neela Montgomery will become the new chief executive, effective August 1. In the interim, Montgomery will continue in her current position, working closely with Crate and Barrel president and chief merchant Steve 'Woody' Woodward, and COO Mike Relich.

Diemoz's departure was first reported in April. He joined Crate & Barrel in 2015, coming from Restoration Hardware (now RH) where he served as chief development officer. He is involved in a lawsuit filed earlier this year in which RH alleged that he and another former employee committed trade secret misappropriation and contract violations to benefit Crate & Barrel.

“The Crate and Barrel family of brands has seen a strong turnaround in the past two years and I firmly believe the best is yet to come,” said Montgomery. “Our vision of delivering great design for inspired living and providing best in class service to each and every customer remains strong.”

Founded in 1962 in Chicago, Crate and Barrel operates more 110 store locations under its own banner as well as CB2 and The Land of Nod, across North America. The company is owned by Otto Group, a global retail and services group based in Hamburg, Germany.