Williams-Sonoma Sinks After CFO Steps Down

Williams-Sonoma (NYSE:WSM) CFO and COO Sharon McCollam leaves big shoes to fill as she retires from her positions at the company and on the board.

Earnings Report: Williams-Sonoma Inc. Earnings: After Three Quarters of Expanding, Margins Shrink, but Net Income Climbs.

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.

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