The Container Store Group, Inc. Announces Executive Changes
December 22, 2020 at 01:00 pm
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The Container Store Group, Inc. announced that Satish Malhotra, an experienced retail executive, will succeed Melissa Reiff as CEO on February 1, 2021. Effective March 1, 2021, Ms. Reiff will retire from the company, while retaining her position as Chairwoman of the Board of Directors until the annual meeting of shareholders in late summer 2021. Malhotra most recently served as the Chief Retail and Operating Officer for Sephora.
The Container Store Group, Inc. is a specialty retailer of organizing solutions, custom spaces, and in-home services. The Companyâs segment includes The Container Store (TCS) and Elfa. TCS segment consists of retail stores, Website, and call center (which includes business sales), as well as its in-home services business. Elfa segment includes the manufacturing business that produces the elfa brand products that are sold domestically exclusively through the TCS segment as well as on a wholesale basis. This segment designs and manufactures component-based shelving and drawer systems and made-to-measure sliding doors. Its shelving and drawer systems are customizable for any area of the home, including closets, kitchens, offices, and garages. The Company also offers its products directly to its customers through its Website, responsive mobile site and application, call center, and in-home design specialists and organizers. Its products are offered under elfa, Avera and Preston brands.
THE CONTAINER STORE GROUP, INC. 
