Terry R. Pillow will retire from his position as Chief Executive Officer of Tommy Bahama Group on January 30, 2016, and will be succeeded by Douglas B. Wood, the company’s current president and COO, according to a statement released by Oxford Industries, the brand’s owner. Pillow will continue with Oxford in an advisory role after his retirement.
Wood joined Tommy Bahama in 2001, after positions at Boeing Defense and Space Group and McCaw Cellular/AT&T; Pillow joined the company in 2008 — the same year Wood was named president.
“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,” said Thomas C. Chubb III, chairman and CEO of Oxford in a statement. “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.”
In addition, to Tommy Bahama, Oxford owns the Lilly Pulitzer brand and also produces certain licensed and private label apparel products.