June 10, 2021 – New York-based retail and consumer focused executive search firm Herbert Mines Associates recently partnered with The Container Store Group in the recruitment of Anthony Laday, CFO of Fogo de Chão, and Nicole Otto, former VP of Nike Direct North America, as new members of its board of directors. They will be officially elected as class ii directors at the 2021 annual meeting of shareholders in September. “We are pleased our board of directors has nominated Anthony Laday and Nicole Otto,” said Satish Malhotra, CEO of The Container Store. “These distinguished individuals are subject matter experts in their respective fields and will bring unique perspectives to The Container Store and its shareholders. We extend our sincere gratitude to Melissa Reiff and Raj Sisodia for their years of service on the board. They have both made invaluable contributions and have helped position The Container Store to achieve market share growth and to double our business over time.”
Since 2014, Mr. Laday has served as CFO of Fogo de Chão, where he leads the accounting, finance, IT and supply chain functions. In 2015, he was instrumental in the completion of Fogo de Chão’ s initial public offering on Nasdaq. He also helped navigate a go-private transaction in April 2018 when Rhône Capital acquired Fogo de Chão in an all-cash transaction valued at $650 million. Mr. Laday has held finance roles of increasing responsibility for a number of prominent brands prior to Fogo de Chão including Brinker International, FedEx Office, and American Airlines. In his last position at Brinker International as VP of international, investor relations, and corporate treasurer, Mr. Laday was instrumental in doubling the size of Brinker’s Internal Division, securing $250 million in public debt, and developing strategies to significantly improve operating margins.
Executive Recruiters & Talent Leaders
Reveal Market Forecast
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Ms. Otto served as VP of Nike Direct North America from 2018 through May 2021. In this role, she oversaw Nike’s integrated physical and digital ecosystem to deliver seamless shopping journeys, online-to-offline services and experiences, and deep connections with Nike consumers throughout the United States and Canada. Throughout her career at Nike, Ms. Otto played a central role in building and leading high-performing teams and defining pinnacle mono-brand retail experiences. Before joining the North America team, Ms. Otto held several leadership roles at Nike within the digital business, both overseas and on Nike’s global team. These roles included serving as VP/GM of digital commerce in Europe, VP/GM of Nike.com global store, VP of global digital commerce operations and VP of consumer digital tech. Among many other tasks, Ms. Otto expanded consumer access to Nike.com to more than 51 countries. Ms. Otto began her career at Nike in 2005 after working in information technology at Charles Schwab in San Francisco.
The Container Store Group is a retailer of storage and organization products and solutions – a concept the company originated in 1978. Today, with locations nationwide, the retailer offers more than 11,000 products designed to help customers accomplish projects, maximize their space and make the most of their home. In 2007, the company was acquired by private equity firm Leonard Green & Partners.
Serving Retail Companies
Established in 1978, Herbert Mines is a specialist search firm focusing on the retail, fashion and apparel, beauty, consumer products and services, hospitality, leisure, restaurant and digital/technology industries. The firm is noted for its C-suite recruiting work.
Herbert Mines Associates recently partnered with alternative investment firm Bain Capital in the recruitment of Bill Barton as president and CEO of Bob’s Discount Furniture in Manchester, CT. “Bill is an exceptional and customer-centric leader with deep retail and home goods experience,” said Mr. English. “He is the ideal person to work with our talented team to lead Bob’s Discount Furniture through its next phase of growth. Our business has experienced tremendous growth since we reopened our stores with a heavy focus on safety for our customers and our associates. We expect this momentum to continue as we head into the holiday season and plan for 2021 and beyond.”
Herbert Mines recently recruited Mr. Malhotra as The Containers Store’s new president and CEO. The search, led by managing directors Adelle Kirk and Kristin Dennehy, entailed a comprehensive review and evaluation of executives across consumer-facing multi-unit and purpose-driven companies who had the appropriate scope and scale for this role. “We partnered with The Container Store’s board of directors to conduct a thorough search for a seasoned retail executive with the capacity to maximize the company’s powerful brand and market position, expand its omni-channel capabilities, and maintain its unique culture and values,” said Ms. Kirk. “Satish Malhotra is an omni-channel, digitally savvy, customer focused executive with a deep appreciation for culture and values. He has been an integral part of Sephora Americas’ growth story for the past 21 years. Satish leads with authenticity, humility, and purpose. He was the clear choice to take The Container Store into its next exciting chapter.”
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media