NEW YORK — Terry R. Pillow has been named chief executive officer of the Tommy Bahama Group Inc. at Oxford Industries Inc.
Pillow, 54, will join Tommy Bahama on Monday and will assume the ceo title on June 1, when current ceo and founder Tony Margolis, 65, retires.
Most recently, Pillow was president and ceo of Ralph Lauren Footwear, a post he left more than a year ago. Before that he was president of Coach Apparel and earlier was president of A|X Armani Exchange.
Pillow will report to J. Hicks Lanier, chairman and ceo of Oxford Industries.
Margolis founded Tommy Bahama with Bob Emfield and Lucio Dalla Gasperina in 1992. The three executives sold the business, which was generating about $350 million in wholesale volume, to Oxford in 2003. At that time, Emfield became a consultant to the business, a role he will relinquish in June. Gasperina will stay on as executive vice president in charge of design. In June, Margolis and Emfield will form the Tommy Bahama advisory board, of which Margolis will serve as chairman.
Also on June 1, Doug Wood, chief operating officer of Tommy Bahama Group, will add the title of president. He will report to Pillow.
For the year ended May 31, 2007, Tommy Bahama Group generated $465 million in wholesale volume. The company, which manufactures men's and women's island lifestyle sportswear, swimwear and golfwear, has 73 retail stores and various licensed products, ranging from eyewear, neckwear and fragrances to wall coverings, indoor and outdoor furniture and rum.
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