Tommy Bahama’s CEO to retire, will be replaced by Douglas B. Wood
Oxford Industries, Inc. announced Tuesday that Terry R. Pillow, the Chief Executive Officer of Tommy Bahama Group, will retire from his position at the end of the company’s fiscal year on January 30, 2016.
Thomas C. Chubb III, Chairman and Chief Executive Officer of Oxford commented, "Terry joined Tommy Bahama in 2008 at a critical juncture for the business. The founders were retiring and we were entering an unprecedented economic downturn. Terry has done a tremendous job propelling the business forward and enhancing the depth and breadth of the successful Tommy Bahama lifestyle brand that we all recognize today."
The company also announced Douglas B. Wood as Pillow’s successor. Wood is Tommy Bahama’s current President and Chief Operating Officer.
Chubb continued, "For the past 14 years, Doug has been responsible for all aspects of Tommy Bahama's financial and operating functions. With his leadership, Tommy Bahama has transformed from a $200 million wholesale-focused company to a $600+ million lifestyle brand driven by its direct to consumer business.."
Wood joined Tommy Bahama in 2001 as Chief Operating Officer and was named President in 2008. He began his career at the Boeing Defense and Space Group before joining McCaw Cellular/AT&T in 1994 where he was Vice President of Operations.
Pillow will continue with Oxford in an advisory role.
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