Oct 4, 2013
HauteLook founder and CEO steps down
Oct 4, 2013
Flash retailing site HauteLook's CEO Adam Bernhard is stepping down from his position at the company, three years after it was purchased by Nordstrom. He will remain with the company in an advisory capacity as founder.
Terry Boyle will continue to lead the business as president, with no CEO to be appointed in the place of Bernhard. Boyle will report to Jamie Nordstrom, president of the group.
"Since Adam started this business in 2007, he has worked tirelessly to build a great team and bring a compelling shopping experience to his customers," said Jamie Nordstrom. "Even after selling the business to us, his commitment to scaling the business and bringing it to profitability never wavered. Adam and his team have more than held up their end of the bargain, and we are thrilled to be in a position where he can pass the reins to Terry and focus on some new opportunities for us."
"It has been an unbelievable journey to grow HauteLook from a four-person startup into the thriving division of Nordstrom that it is today," said Bernhard. "Although I'm eager for the new opportunities to come, HauteLook will always be my pride and joy."
HauteLook is a key part of Nordstrom's strategy to improve the customer experience by serving customers on their terms however they want to shop. The company is uniquely positioned to offer customers multiple ways to shop with Nordstrom, whether in its full-line stores, on Nordstrom.com, or through its differentiated off-price offering via Nordstrom Rack stores and HauteLook.
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