Oxford Industries, Inc. on Tuesday said that Terry Pillow will retire as CEO of its Tommy Bahama apparel brand. Douglas Wood, the label’s president and COO, will replace him at the helm.
The succession will be effective January 30, 2016, the end of the company’s fiscal year. Pillow will continue on in an advisory role.
Wood joined Tommy Bahama in 2001 as COO and was named president in 2008. He began his career at the Boeing Defense and Space Group before joining McCaw Cellular/AT&T in 1994 where he was vice president of operations.
Thomas C. Chubb III, chairman and chief executive officer of Oxford, said, “Terry joined Tommy Bahama in 2008 at a critical juncture for the business. The founders were retiring and we were entering an unprecedented economic downturn. Terry has done a tremendous job propelling the business forward and enhancing the depth and breadth of the successful Tommy Bahama lifestyle brand that we all recognize today.”
Chubb continued, “Doug joined Tommy Bahama in 2001, two years prior to Oxford’s acquisition of the brand. From the very beginning, his talent and strength as a leader were obvious. For the past 14 years, Doug has been responsible for all aspects of Tommy Bahama’s financial and operating functions. With his leadership, Tommy Bahama has transformed from a $200 million wholesale-focused company to a $600+ million lifestyle brand driven by its direct to consumer business. With Doug at the helm and a great creative team on board, the future is bright at Tommy Bahama.”