La-Z-Boy Announces Chief Marketing Officer Departure
MONROE, Mich., June 13, 2005 /PRNewswire-FirstCall via COMTEX/ -- La-Z-Boy Incorporated (NYSE: LZB; PCX) today announced the resignation of chief marketing officer, Doug Collier, to accept a position with Select Comfort. He had joined La-Z- Boy in 2002 as vice president, marketing for La-Z-Boy Residential.
La-Z-Boy Incorporated President and CEO Kurt L. Darrow said, "We wish Doug well in his new opportunity as chief marketing officer and SVP, marketing at Select Comfort and respect his decision to shift companies and locations in order to fulfill his personal obligations to his family. He will certainly be successful in this new opportunity. Doug provided many valuable contributions and perspectives to La-Z-Boy since joining our company three years ago. He and the team he assembled have enabled us to successfully broaden and expand the power of the La-Z-Boy brand and drive improved performance of our Furniture Galleries system."
Background Information
With annual sales of $2 billion, La-Z-Boy Incorporated is one of the world's leading residential furniture producers, marketing furniture for every room of the home and office, as well as for the hospitality, health care and assisted-living industries. The La-Z-Boy Upholstery Group companies are Bauhaus, Centurion, Clayton Marcus, England, La-Z-Boy and Sam Moore. The La- Z-Boy Casegoods Group companies are American Drew, American of Martinsville, Hammary, Kincaid, Lea and Pennsylvania House.
The corporation's vast proprietary distribution network is dedicated exclusively to selling La-Z-Boy Incorporated products and brands, and includes 337 stand-alone La-Z-Boy Furniture Galleries(R) stores and 334 La-Z-Boy In- Store Gallerys, in addition to in-store gallery programs at the company's Kincaid, Pennsylvania House, Clayton Marcus, England and Lea operating units. According to industry trade publication Furniture/Today, the La-Z-Boy Furniture Galleries retail network by itself represents the industry's fourth largest U.S. furniture retailer and the second largest single source furniture retailer. Additional information is available at http://www.la-z-boy.com/ .
SOURCE La-Z-Boy Incorporated
Mark Stegeman of La-Z-Boy Incorporated, +1-734-241-4418, mark.stegeman@la-z-boy.com
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