A seasoned retail executive with decades of diverse experience, Satish Malhotra joined The Container Store in February 2021 as Chief Executive Officer and President.
As CEO and President, Satish has outlined a vision to double The Container Store’s sales, a “Path to $2 Billion,” and led the company through its articulation of a new brand purpose and branding campaign. In his first two years, Satish has overseen the launch of the Organized Insider loyalty program and The Container Store App, the opening of its first 3 small-format stores, significant investment in eCommerce improvements, a renewed focus on the customer experience, key additions to The Container Store leadership team, and the release of the company’s first-ever sustainability report. The company has also raised its minimum wage to $15/hour, and Satish Malhotra has added his name to the CEO Action for Diversity and Inclusion Pledge.
During Satish’s tenure, The Container Store has been recognized as a 2023 Forbes Customer Experience All Star, and its App has reached a 4.7 App Store rating, ranking within the top 200 apps in shopping. In 2022, The Container Store’s branding campaign won Grand Prize and Strategy of the Year in the PR Daily Content Marketing Awards and Best Use of TikTok in Digiday’s Content Marketing Awards.
In 2022, Satish led The Container Store through its ClosetWorks acquisition and the launch of its Custom Spaces brand architecture, studios and newest premium, wood-based custom line, Preston – developments that enable The Container Store to transform lives through the power of organization throughout the home – and a key component of the Path to $2 Billion.
For the previous 21 years, Satish held various leadership roles at prestige beauty retailer Sephora Americas, most recently as Chief Retail Officer and Chief Operating Officer. In this role, Satish was responsible for leading Sephora’s retail growth by expanding its in-store services and experiences, developing digitally enabled solutions and by growing its off-mall store locations.
Prior to that role, Satish served as Chief Operating Officer and was responsible for Technology, Supply Chain, Store Development, Legal, Strategy and Partnerships, including the Sephora inside JCPenney (SiJCP) business, which now operates in over 600 stores. He also spent several years overseeing Sephora’s expansion into Canada and Latin America.
Before joining Sephora, Satish was a Transaction Services Senior Associate at PwC. He is a Certified Public Accountant (inactive).
Throughout his career, Satish has excelled at developing and growing new sales channels, solving complex “back of the house” problems with innovative solutions, and attracting and developing high performing talent. Among his many career highlights: transforming Sephora’s IT department to a Center of Excellence within parent company LVMH, launching all of Sephora’s digital commerce properties (including website, mobile, social and CRM), strengthening Sephora’s supply chain to enable 98% of online orders to be received by consumers within two business days, developing an off-mall store concept which dramatically improved Sephora’s accessibility to its consumers, and led the efforts in creating Sephora’s purpose of “inspiring fearlessness”.
In 2020, he was presented with the Innovation Leadership Award from the World Retail Forum.
A graduate of the University of California, Berkeley, Walter A. Haas School of Business with a Bachelor of Science in Business Administration, Satish has also completed the LVMH Inspiring Entrepreneurs Senior Executive Leadership Program.
Malhotra currently resides in Flower Mound, Texas, with his wife, two children and their Coton du Tulear.