Design Within Reach Inc announced that Ken La Honta, Chief Financial Officer, has resigned. The Company is in the process of identifying a new CFO, and expects to announce a replacement soon.
Mr. La Honta has informed the Company that he plans to stay in his current capacity through the earlier of the filing of the quarterly Form 10-Q or September 1, 2006. He will work with Peter Kruglinski, Controller and Vice President of Finance, to facilitate a smooth transition. As recently announced, Mr.
Kruglinski joined the Company to help strengthen Design Within Reach's finance, accounting, external reporting, tax, treasury and investor relations departments, as well as the Company's fulfillment center operations.
"I want to thank Ken for his hard work," said Ray Brunner, President and Chief Executive Officer of Design Within Reach. "We appreciate his willingness to stay on through August to work with Peter and complete the filing of our quarterly Form 10-Q, and we wish Ken well in the future. A search for his successor is well underway."
Design Within Reach Inc founded in 1998 and headquartered in San Francisco, is an integrated multi-channel provider of distinctive modern design furnishings and accessories. The Company markets and sells its products to both residential and commercial customers nationwide through the DWR catalog, studios, website and direct sales force, and a single common "in stock and ready to ship" inventory.