Yankee Candle names new CEO
SOUTH DEERFIELD — Hope Margala has been named as the new chief executive officer of Yankee Candle Co. She enters the position after having served as the company’s president of retail and EVP Brand, Innovation and Merchandising.
Margala will replace Harlan Kent, who had been with the company for the last 13 years, four of which were spent as CEO. Kent’s departure from the company was announced in April. The company declined to comment on why he decided to leave.
Margala first began working at Yankee Candle in 2005 as the company’s retail and general merchandising manager. In 2006, she left the company to take a job as the chief marketing officer of the Longaberger Co. She left that position in 2009 to rejoin Yankee Candle as its Wholesale Vice President of Marketing and Merchandising.
Prior to working at Yankee Candle, Margala served in a series of managerial roles at Victoria’s Secret, Bath and Body Works and American Eagle.
“I’m honored to be named the CEO of Yankee Candle. In my years with the company, I’ve been lucky enough to work closely with so many talented, creative and passionate people who have helped drive the brand’s innovation and grow the business continuously each year,” Margala said in a statement. “It is an amazing time to be part of this company and in my new role, I will continue to work with the Yankee Candle team to lead development and expansion in our current markets as well as expand to into new markets.”
In September of 2013, Yankee Candle was purchased by the Jarden Corp. of Rye, N.Y., from private equity firm Madison Dearborn Partners LLC for $1.75 billion in cash. The corporation owns about 120 other brands including Ball canning jars, Crock-Pot, Marmot, Coleman, Mr. Coffee and First Alert.
Yankee Candle is the largest scented candle company in the United States, as well as Franklin County’s largest employer. It owns and operates approximately 500 retail stores in North America.
Outside of North America, the company sells its products primarily through its subsidiary, Yankee Candle Company Europe Ltd.