Keith Wilson, President Worldwide and Joybird, introduced his retirement

LA-Z-BOY INCORPORATED PUBLICATIONS Reshuffle of Associated Management Staff

MONROE, Mich., April 04, 2023 (GLOBE NEWSWIRE) — Regulation-Z-Boy Included (NYSE: LZB ), a world chief in residence furnishings, in the present day introduced a realignment of its government management workforce, together with a number of key bulletins. .

As for the corporate’s new monetary yr on the finish of April:

• Rebecca Reeder joins La-Z-Boy Furnishings Galleries as firm president, retail. As President of Retail La-Z-Boy Furnishings Galleries, Reeder can have government oversight and P&L duty for the corporate’s retail division, which incorporates 168 of the 346 La-Z-Boy Furnishings Galleries.
  
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  outlets. Moreover, he’ll assume gross sales tasks for the remaining independently owned La-Z-Boy furnishings galleries.
  
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  shops, driving alignment of buyer expertise throughout the complete community.

• Keith Wilson, President Worldwide and Joybird, has introduced his intention to retire and transfer to Particular Initiatives to assist transitions by way of the summer time. Alongside along with his retirement:

  • TJ Linz will assume duty for Joybird, along with his beforehand introduced transfer to imagine the function of President of Portfolio Manufacturers following the retirement of Otis Sawyer.

  • Robert Sandi, senior vp and chief industrial officer, will develop his function to turn into president, La-Z-Boy model and chief industrial officer, including to his management of the corporate’s worldwide La-Z-Boy model operations.
    

Melinda D. Whittington, President and Chief Government Officer of La-Z-Boy Included mentioned, “We’re thrilled to have an government of Rebecca’s caliber be part of La-Z-Boy Included. Along with his years of government expertise he leads robust retail manufacturers that maintain buyer advocacy and loyalty. Moreover, with experience in constructing high-performing groups and driving operational execution, we look ahead to his management as we champion the expansion of Regulation-Z-Boy Furnishings Galleries.

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The community is a crucial a part of our century imaginative and prescient progress technique.

Whittington additionally famous, “On the identical time, it’s with combined feelings that we announce the retirement of Keith Wilson, President Worldwide and Joybird. Throughout Keith’s seven-year tenure, he performed a key function in constructing the La-Z-Boy model internationally and led the acquisition of Furnico, our UK-based manufacturing operation. Most just lately, Keith was answerable for main our direct-to-consumer upholstery firm, Joybird, which he acquired in 2018. We thank Keith for his many contributions to La-Z-Boy Included and need him properly in his well-deserved retirement.”

Whittington continued, “With Rebecca and the related realignment of tasks throughout the workforce, the chief workforce is well-positioned to guide the subsequent chapter of our iconic, 96-year-old firm as we execute our century imaginative and prescient technique over the long run. Worthwhile progress. I’m happy with our workforce and achievements thus far and look ahead to extra of what lies forward.” I’m excited.

Reeder mentioned, “I’m excited to hitch La-Z-Boy Included at such an vital time within the firm’s historical past. As La-Z-Boy executes the Century Imaginative and prescient with a deal with increasing the model attain, retail shops play an vital function within the course of. Whereas capitalizing on the model’s excellent attributes of consolation, high quality and sturdiness. I’m thrilled to guide the shop growth initiative and look ahead to working with the proficient workforce throughout the group.

Reeder joins La-Z-Boy from Chico’s FAS, the place she served as SVP, answerable for retail, buyer care heart gross sales and visible merchandising for Soma, White Home Black Market and Chico’s. Previous to becoming a member of Chico’s, he held numerous retail, advertising and marketing and merchandising management roles at Pacific Sunwear, Bebe, Categorical and American Eagle Outfitters. Reeder holds a bachelor’s diploma in enterprise and communications from the College of Miami. He’ll formally be part of the corporate on April 17, 2023.

A cautionary be aware relating to forward-looking statements

This information launch comprises “forward-looking” statements inside the that means of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements could also be characterised as not relating strictly to historic or present information. Usually, forward-looking statements embrace data relating to expectations, projections or developments relating to our outcomes of operations, monetary outcomes, monetary situation, strategic initiatives and plans, bills, dividends, share repurchases, liquidity, use of money and money necessities, borrowing capability outcomes. , investments, future monetary efficiency, enterprise and trade and the influence of the coronavirus (“COVID”) pandemic on our enterprise operations and monetary outcomes.

The forward-looking statements on this press launch are based mostly on sure assumptions and at the moment accessible data and are topic to plenty of dangers and uncertainties, lots of that are unforeseeable and past our management. Extra dangers and uncertainties that we aren’t at the moment conscious of or that we at the moment contemplate immaterial might have an effect on our enterprise operations and monetary outcomes. Our precise future outcomes and developments might differ materially based mostly on a wide range of elements, together with, however not restricted to, the dangers and uncertainties mentioned in our Fiscal 2022 Annual Report on Type 10-Okay and different elements recognized in our studies filed with Securities. and Change Fee (“SEC”), accessible on the SEC’s web site at www.sec.gov. Given these dangers and uncertainties, you shouldn’t depend on forward-looking statements as predictions of precise outcomes. We’re together with this cautionary be aware to make forward-looking statements relevant to the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995. We undertake no obligation to replace or revise any forward-looking statements on account of new data, future occasions or in any other case.

Extra data

This information launch is part of La-Z-Boy’s monetary disclosures and ought to be learn along with different data filed with the SEC, which is out there at:

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Background data

La-Z-Boy Included is without doubt one of the world’s main residential furnishings producers, advertising and marketing furnishings for each room within the residence. The wholesale section consists of England, Regulation-Z-Boy, American Drew

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Hammery

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Kincaid

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and the corporate’s worldwide wholesale and manufacturing companies. The corporate-owned retail division consists of 168 of the 346 La-Z-Boy furnishings galleries.

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outlets. Joybird is an e-commerce retailer and producer of upholstered furnishings.

The Company’s branded distribution community is devoted to promoting La-Z-Boy Included merchandise and types and consists of 346 stand-alone La-Z-Boy furnishings galleries.

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outlets and 519 unbiased consolation studios

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Areas with in-store gallery occasions for the corporate’s Kincaid and England working models. Extra data is out there at

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