EU Business News Q3 2018

10 EU BUSINESS NEWS / Q3 2018 , Herman Miller Elects Andi Owen as Next President and Chief Executive Officer HermanMiller, Inc announces that Andi Owen has been elected by the Board of Directors. Herman Miller, Inc, the global designer and furniture manufacturer, announced on the 16th August 2018 that Andi Owen has been elected by the Board of Directors to succeed Brian C. Walker as the Company’s next President and Chief Executive Officer, effective on the 22nd August 2018. Ms. Owen was also elected to the Company’s Board of Directors as of the 22nd August 2018. She joins Herman Miller after a 25-year career at Gap Inc., where she most recently served as Global President of Banana Republic, leading 11,000 employees in over 600 stores across 27 countries. The appointment is part of a previously-announced leadership succession planning process. Michael A. Volkema, Chairman of the Board, stated, “We are deeply grateful to Brian for his leadership and many achievements during his long career with Herman Miller. The Company remains focused on the strategy Brian put in place, which has collectively grown the business, expanded our multi-channel capabilities, and accelerated the Company’s positive momentum.” Mr. Volkema added, “Under Andi’s leadership, the business will seize opportunities that will lead to growth in new markets for both contract and consumer customers. Andi has the right gifts, talents, and expertise to accomplish this mission. She understands how to realise the potential of a brand amidst changing customer preferences and habits. We are thrilled to welcome her onboard.” Ms. Owen’s areas of strength are highly complementary to Herman Miller’s leadership team comprised of extensive contract furniture expertise and a growing retail capability. Over her tenure at Gap Inc., her career spanned many verticals and brands within the business. She has developed a diversified skillset that aligns with the strategic direction of Herman Miller today and ranges from digital and omni-channel transformation to design, product development, and supply chain management. Art Peck, President and Chief Executive Officer of Gap Inc., stated, “I am confident in Andi and her abilities. She had a long and successful track record across Gap’s portfolio of brands, and I am excited to see where her vision and leadership will take the iconic Herman Miller brand in the future.” Her accomplishments include developing new “digital first” growth strategies, introducing innovative marketing and new customer acquisition strategies, and driving global expansion in key markets. Ms. Owen achieved impressive results with a focus on building people-first teams. Her values-centred approach is shared by Herman Miller. Mr. Walker stated, “Herman Miller is only just beginning to scratch the surface of our addressable market opportunity. Andi’s experience driving results as a seasoned leader, coupled with our outstanding leadership team, will take our family of brands to the next level. This is an exciting time for the Company, and I look forward to working with Andi on a seamless transition.” Ms. Owen stated, “Herman Miller has a reputation for being the best in the business. It is a privilege to lead the Company and continue the evolution of its world class portfolio of brands. I’m excited to work with the management team and the broader organisation to build upon the legacy of innovation and design excellence that is at the heart of Herman Miller.”