Crate & Barrel CEO Sascha Bopp steps down

Crate & Barrel CEO Sascha Bopp officially resigned from his position in the company's top spot in an August 4 announcement to employees. His resignation was confirmed by parent company Otto Group, based in Hamburg, Germany.

Bopp, 44, had acted as CEO since spring of 2012 after joining the company in 2009, reported Crain's. He was just the third CEO in the Northbrook, Illinois-based company's history spanning 52 years. Bopp was noted for pushing Crate & Barrel's international presence forward by opening new stores in eight new countries such as Mexico, Singapore and Turkey, with five brick-and-mortars in locations such as Russia still in the works.

Bopp told the Chicago Tribune that franchise agreements have been signed for Chile, Peru, Colombia and the Philippines.

Bopp joined Crate & Barrel from his previous position at Primondo, a German holding company that owns mail-order retail brands, where he acted as CFO.

Former Crate & Barrel president Marta Calle, Bopp's second in command, left the retailer in mid-July, leaving it unclear who will replace Bopp.

Bopp's resignation follows the recent death of the company's second CEO, Barbara Turf, who had been active on the board of directors when she died at the age of 71 in mid-July. Story