Williams-Sonoma Announces Retirement of COO and CFO, Appointment of Acting CFO

Williams-Sonoma, Inc. WSM announced today that Sharon McCollam has retired from the company and will also retire from the company's Board of Directors on March 16, 2012. Laura Alber, the company's President and Chief Executive Officer, said, “On behalf of the board and senior management team, I want to thank Sharon for her many contributions over the last 12 years. She has been a highly influential cross-functional leader with a key focus on company-wide financial and operational disciplines, and we wish her well in her future endeavors.” McCollam said, “For over 10 years, I have had the privilege of working for one of the greatest companies in the world. Over that time, it has grown from $1 billion to $4 billion in revenues, launched iconic new brands, and become one of the largest internet retailers in America. But what I will remember the most of my time at Williams-Sonoma, Inc. is the pride I have felt working with one of the most talented and inspiring teams in retail. The organization is deep in tenure and I leave knowing that it has never been as well-positioned as it is today to take its multi-channel strategies to the next level. I would like to thank my incredible team of so many years for their personal dedication and extraordinary contributions to the company's success. I would also like to thank Laura, our board, and our shareholders for their many years of support.”