Home / Knowledge / News / Textiles / Design Within to enter into a 5-year agreement with Mr Ray

Design Within to enter into a 5-year agreement with Mr Ray

03
Apr '08
Design Within Reach Inc announced that it has entered into a multi-year employment agreement with Ray Brunner, President and Chief Executive Officer.

"Since Ray was appointed President and CEO in May 2006, he has been instrumental in realigning Design Within Reach's operations and returning the Company to profitability. We are pleased to enter into a five-year agreement with Ray so DWR will continue to benefit from his strong leadership going forward," said John Hansen, the Company's Chairman, on behalf of the board of directors.

Mr. Brunner's new employment agreement extends through March 2013 and includes a balance of fixed and performance-based compensation. The agreement provides for an initial base salary of $375,000 and an annual bonus at the 100% target level in accordance with performance objectives determined by the board of directors.

The Company also agreed to grant Mr. Brunner options to purchase 100,000 shares each year during the initial term of the employment agreement. The terms of the employment agreement are summarized in a Form 8-K filed by the Company with the Securities and Exchange Commission. The full text of the employment agreement also can be viewed as an Exhibit to that Form 8-K.

Design Within Reach Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 10th Aug 2020

Govt changes status of textile research associations

In consonance with the Government of India's vision of “Minimum...

Pic: Shutterstock

Retail | On 10th Aug 2020

EU retail trade volume level returns to pre-COVID level

In June 2020, a month marked by some relaxation of COVID-19...

Pic: Shutterstock

Textiles | On 10th Aug 2020

Pak TPB to rationalise textile sector tariff structure

Pakistan's Tariff Policy Board has decided to rationalise the tariff...

Interviews View All

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Textile Industry, Head honchos

Textile Industry
Head honchos

Cooperate and collaborate for greater good

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Akash Sehgal,

Akash Sehgal

Part of retail and hospitality conglomerate Landmark Group in Dubai,...

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search