MONROE, Mich., Sept. 15, 2014 /PRNewswire/ -- La-Z-Boy
Incorporated (NYSE: LZB) today announced that Aaron Thomas Brown will join the company as Vice
President, Strategy and Analytics, a newly created position.
In this capacity, Brown will report to Kurt
Darrow, La-Z-Boy's Chairman, President and Chief Executive
Officer, and will spearhead strategic planning across the
enterprise. He will be responsible for leading a team charged
with the ongoing refinement of existing corporate initiatives and
the development of additional strategies designed to elevate
corporate performance and drive increased sales and
profitability. He will also be responsible for financial
analytics related to the support, optimization and growth of the
company's wholesale and retail divisions.
Commenting on the appointment, Darrow said, "We are delighted
Aaron is joining the company. He brings with him a wealth of
experience in strategic planning for consumer goods and retail
companies that spans across many disciplines designed to drive
operational excellence and improvements. I am confident his
expertise will be an asset to our company as we build out the
La-Z-Boy Furniture Galleries® footprint across North America while leveraging our integrated
retail strategy. At the same time, he will identify new
opportunities for the company to leverage its size, structure and
financial strength as we look for additional means to grow and
expand our business profitably."
Before joining La-Z-Boy, Brown was a Partner and Managing
Director at The Boston Consulting Group, where he managed numerous
engagements in the consumer goods and retail sectors, and developed
growth strategies and corporate development agendas, including
post-merger integration, due diligence and turnaround plans.
He also was involved in BCG's recruiting program and served as
Consultant Development Advisor.
Brown said, "La-Z-Boy is an iconic American brand and one with
global appeal. With an expansive distribution footprint,
excellent product, a solid operational structure and significant
brand strength, there is great opportunity to further develop the
company. I look forward to joining a high-caliber management
team and utilizing my expertise to develop various growth
initiatives to enhance profitability across the company."
Brown earned his B.S. in Industrial and Operations Engineering
as well as an MBA from the University of Michigan.
Background Information
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 segment companies are England and La-Z-Boy. The Casegoods segment
consists of three brands: American Drew, Hammary, and
Kincaid. The company-owned Retail segment includes 102 of the
317 La-Z-Boy Furniture Galleries® stores.
The corporation's branded distribution network is dedicated to
selling La-Z-Boy Incorporated products and brands, and includes 317
stand-alone La-Z-Boy Furniture Galleries® stores and 586
independent Comfort Studio® locations, in addition to in-store
gallery programs for the company's Kincaid and England operating units. Additional
information is available at http://www.la-z-boy.com/.
SOURCE La-Z-Boy Incorporated