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The Dallas Morning News reports that Kip Tindell, the chairman and co-founder of The Container Store chain - which has been much admired for its progressive corporate culture - has decided to retire, and will step down in September 2019. Also retiring at the same time will be Sharon Tindell, his wife and the company’s president/chief merchandising officer.

Kip Tindell, the story says, is “the last of the three founders working at the company and took the company public in 2013 after being courted by Wall Street for years. The other two founders are Garrett Boone and John Mullen.”

The paper points out that the retirements set in motion a number of personnel moves at The Container Store:

“Chief executive officer Melissa Reiff will become chairperson, and her employment agreement has been extended to March 2021. Reiff, who has been CEO since 2016, when she succeeded Tindell, also becomes president.

“Jodi Taylor, chief financial officer and chief administrative officer, also has a new employment agreement with a term ending in March 2021. A new CFO will be named sometime after March 1, 2020, and before Sept. 1, 2020. At that point, Taylor will stay on as chief administrative officer.

“John Gehre will succeed Sharon Tindell as chief merchandising officer at the end of the annual meeting in September. Gehre, the executive vice president merchandising and planning, was hired in July from San Antonio-based grocery retailer H-E-B.”
KC's View:
This is a remarkable company that has blossomed because of remarkable leadership … and from all the evidence, it looks like nothing will change even as the old guard steps down.