La-Z-Boy Names New Treasurer
2007年7月10日 - 1:59AM
PRニュース・ワイアー (英語)
MONROE, Mich., July 9 /PRNewswire-FirstCall/ -- La-Z-Boy
Incorporated (NYSE:LZB) today announced that Michael S. Skrzypczak
has been named Vice President and Treasurer. Skrzypczak, 51, will
report to Mike Riccio, Senior Vice President and Chief Financial
Officer and succeeds Mark Stegeman, who left the company in April.
Skrzypczak will be responsible for all treasury functions,
including cash management, credit, and banking relationships.
Additionally, he will have responsibility for developing and
maintaining systems for forecasting and tracking cash flow while
managing the company's U.S. and foreign bank relationships. He will
also have responsibility for directing the company's risk
management and insurance programs and will work with Riccio in
negotiating and structuring financing transactions. Riccio said,
"Mike will be a strong addition to our team. He is a seasoned
professional with expertise in financial planning and analysis,
cash flow management, budgeting, working capital management and
credit. I am delighted he is joining La-Z-Boy and am confident he
will provide strong leadership to the company's treasury arm." The
investor relations function will continue to report to Riccio.
Before joining La-Z-Boy, Skrzypczak was the Corporate Treasurer of
Intermet Corporation, which was a $1 billion tier-one auto
supplier, where he had responsibility for cash management, bank and
credit agency relationships, acquisition and divestiture analysis,
risk management, financing, debt and liquidity management as well
as managing the accounts payable and accounts receivable areas.
Prior to his 11 years at Intermet, he worked for the U.S. Treasury
Department as a national bank examiner and, before that, held other
treasury and financial positions in the retail and financial
services sector. Skrzypczak holds a MS in Finance from Walsh
College and a BA in Economics from the University of Michigan. He
is also a member of the Financial Executives Institute and the
Association for Financial Professionals. La-Z-Boy Incorporated is
one of the world's leading residential furniture producers,
marketing furniture for every room of the home. The La-Z-Boy
Upholstery Group companies are Bauhaus, England, La-Z-Boy and
La-Z-Boy, U.K. The La-Z-Boy Casegoods Group companies are American
Drew, Hammary, Kincaid and Lea. The corporation's proprietary
distribution network is dedicated exclusively to selling La-Z-Boy
Incorporated products and brands, and includes 336 stand-alone
La-Z-Boy Furniture Galleries(R) stores and 304 La-Z-Boy In- Store
Galleries, in addition to in-store gallery programs at the
company's Kincaid, England and Lea operating units. According to
industry trade publication In Furniture, the La-Z-Boy Furniture
Galleries retail network is North America's largest single-brand
furniture retailer. Additional information is available at
http://www.la-z-boy.com/. DATASOURCE: La-Z-Boy Incorporated
CONTACT: Kathy Liebmann of La-Z-Boy Incorporated, +1-734-241-2438,
Web site: http://www.la-z-boy.com/
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