Crate & Barrel CEO Resigns

Sascha Bopp, Crate & Barrel's CEO, has resigned. Sources confirmed that the announcement was made to employees at the end of the business day yesterday. Bopp, 44, has been CEO since spring of 2012. He joined the company in 2009. He was only the third CEO in the Northbrook, Ill.-based retailer's 52-year history. Gordon Segal, who co-founded the company with his wife, Carole, ran it until 2008. He handed the reins to Barbara Turf, a longtime Crate & Barrel executive who joined the original Crate & Barrel store in Old Town as a part-time sales clerk in 1967.