The San-Francisco based cookware company also parents the Pottery Barn furnishings chain as well as West Elm. With the news of her departure, Williams-Sonoma shares dipped 4 percent.
BB&T Capital Markets analyst Anthony Chukumba said McCollam is “one of the smartest, highly skilled, hardest working and widely respected executives in the entire U.S. retail industry, and losing someone of her caliber would be a setback for any company, particularly one planning to ramp up its strategic initiatives.”
Julie Whalen, senior vice president, corporate controller and treasurer, will act as chief financial officer until the company can find a permanent replacement for McCollam.
Read more insightful stories at Wall St. Cheat Sheet:
To contact the reporter on this story: Lindsey Grossman at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com