La-Z-Boy Names Janet Gurwitch and Edwin Holman to Board of Directors
2010年1月21日 - 6:14AM
PRニュース・ワイアー (英語)
MONROE, Mich., Jan. 20 /PRNewswire-FirstCall/ -- La-Z-Boy
Incorporated (NYSE:LZB) today announced that Janet Gurwitch and
Edwin J. Holman have been named to its Board of Directors. The
appointments expand the company's Board temporarily to 13 members
until August 2010, when two long-term directors, Rocque E. Lipford
(71) and Jack L. Thompson (70), will no longer be eligible for
re-election to the Board under the company's governance guidelines.
With combined Board service of more than 40 years, Lipford and
Thompson will retire upon the completion of their current
three-year terms. Gurwitch, (57), is the Chairman of Gurwitch
Consulting Group LLC. She was the co-founder of Laura Mercier
Cosmetics, a leading global brand of high-end niche cosmetics,
which she and her partner, Neiman Marcus, later sold to Amway.
Prior to founding Laura Mercier Cosmetics, Gurwitch was an
Executive Vice President of Neiman Marcus responsible for $2
billion in sales. Gurwitch began her career in retailing at Foley's
Department store, where she rose to the position of Senior Vice
President of Merchandising. Holman, (63), has spent his entire
career in the retail arena, working for many well-known companies.
He is currently the Chairman of The Pantry, Inc., a Nasdaq-listed
company and the leading independently operated convenience store
chain in the southeastern U.S. Previously, Holman was the Chairman
and Chief Executive Officer of Macy's Central, a division of Macy's
Inc. He was also the Chairman and Chief Executive Officer of
Galyans Trading Company, which operated a chain of sporting goods
and outdoor stores, and, prior to that, was the President and Chief
Operating Officer of Bloomingdales, a division of Federated
Department Stores. James W. Johnston, Chairman of La-Z-Boy
Incorporated, said, "We are delighted Janet and Edwin have joined
our Board of Directors. They are both high-caliber, seasoned retail
executives and will bring significant expertise and perspective to
our company as we continue to pursue our integrated retail
strategy. Additionally, succession planning remains of paramount
importance to La-Z-Boy Incorporated and, with two members of our
Board retiring in August, bringing in Janet and Edwin at this time
will ensure a smooth transition." Kurt Darrow, President and Chief
Executive Officer of La-Z-Boy, said, "Both Janet and Edwin are
welcome additions to our Board and they will undoubtedly make a
significant contribution to our company during a time of industry
transition. In addition to Janet's long history in retailing, her
expertise in consumer products, marketing and growing brands
uniquely positions her to provide insight into our consumer base
and the fashion component of furniture purchases. At the same time,
Edwin brings a wealth of experience from a career spanning more
than 30 years in retailing. He has a proven track record of growing
retail businesses and understands the dynamics of the marketplace."
Gurwitch holds a Bachelors of Science degree from the University of
Alabama. She is a board member of both the University of Texas
Health Science Center and Castanea Partners, a private equity
investment firm. Holman holds both an MBA and a Bachelor of Science
degree from Rockhurst University. Previously, he was a director of
Office Max and Circle International Group. Additional Information
This news release is just one part of La-Z-Boy's financial
disclosures and should be read in conjunction with other
information filed with the Securities and Exchange Commission,
which is available at
http://www.la-z-boy.com/about/InvestorRelations/sec_filings.aspx.
Investors and others wishing to be notified of future La-Z-Boy news
releases, SEC filings and quarterly investor conference calls may
sign up at:
http://www.la-z-boy.com/about/investorRelations/IR_email_alerts.aspx.
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 Group companies are
Bauhaus, England and La-Z-Boy. The La-Z-Boy Casegoods Group
companies are American Drew/Lea, Hammary and Kincaid. The
corporation's proprietary distribution network is dedicated
exclusively to selling La-Z-Boy Incorporated products and brands,
and includes 311 stand-alone La-Z-Boy Furniture Galleries® stores
and 487 independent Comfort Studios®, 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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