Jim Loree Named CEO of Serta Simmons Bedding
2024年6月26日 - 9:30PM
ビジネスワイヤ(英語)
Serta Simmons Bedding, LLC (SSB), a leading global sleep
company, today announced that Jim Loree, a seasoned executive and a
member of the SSB Board of Directors, has been appointed as Chief
Executive Officer, effective July 1. He succeeds Mark Genender,
Interim Chief Executive Officer, who will remain on the SSB Board
of Directors as Chairman and transition with Loree over the coming
months.
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Serta Simmons Bedding, LLC (SSB), a
leading global sleep company, today announced that Jim Loree, a
seasoned executive and a member of the SSB Board of Directors, has
been appointed as Chief Executive Officer, effective July 1.
(Photo: Business Wire)
Loree brings significant consumer durables and retail channel
experience, having served in C-suite roles at Stanley Black &
Decker, Inc. for almost 25 years, including serving as the
company’s CEO from 2016 to June 2022. During his tenure, Loree led
growth strategies to increase revenue from $2 billion to $16
billion. Under Loree’s leadership, the company enhanced its
advanced manufacturing capabilities, increased operational
excellence and responsible business practices, and was recognized
as a best workplace for innovators as well as for diversity and
inclusion.
“It’s been a privilege to serve as Interim CEO, and I’m proud of
the entire SSB team’s commitment to our turnaround efforts,” said
Genender. “Over the last eight months, we have successfully
relaunched a large portion of our product portfolio, enhanced
critical retail relationships, initiated national advertising
campaigns, and improved service levels and operating metrics across
our plant network. These accomplishments have only been possible
through coordination and teamwork across all functions of the
organization. We are beginning to see the success of these efforts
through regained market share, and we are well positioned for
future growth and success.”
“Jim’s appointment follows a thoughtful search for a permanent
CEO by our Board of Directors. We are confident he is the right
choice to help us continue accelerating our turnaround efforts and
drive financial results,” Genender added. “He brings deep
experience from Stanley Black & Decker and General Electric and
a record of delivering operating and financial results, and I look
forward to working closely with him as Board Chairman as we
continue to expand our business and drive profitability.”
"I am honored to have the opportunity to lead the Serta Simmons
Bedding team into the next phase of our company's turnaround,
grounded in progress and profitable growth," said Loree. "Mark and
the leadership team have laid a strong foundation for success, and
I look forward to building on the turnaround strategy and
developing a strong culture of accountability focused on driving
financial results.”
About Jim Loree
Jim Loree is the former chief executive officer of Stanley Black
& Decker, Inc., a position he held from 2016 to June 2022. He
also served on the Board of Directors of Stanley Black &
Decker, Inc. during that time. As CEO, Loree led more than 60,000
employees across 60 countries who make power tools, hand tools,
outdoor power equipment and industrial products.
Loree originally joined Stanley Black & Decker, Inc., then
Stanley Works, as Vice President and CFO in 1999, and was promoted
to President and Chief Operating Officer in 2009 and then CEO in
2016. During his nearly 25 years at the company, Loree led growth
strategies to increase revenue from $2 billion to $16 billion.
Prior to joining Stanley Works, Loree spent 19 years at General
Electric Company in a combination of leadership positions in
finance, strategic planning and operating management.
Loree holds a bachelor’s degree in economics from Union College,
and serves on the board of Whirlpool Corporation, United Natural
Foods, Inc., and Quinnipiac University, and is also a director of
the Jim and Rebecca Loree Foundation.
About Serta Simmons Bedding
Serta Simmons Bedding (SSB) is one of the leading global sleep
companies. With a 150-year heritage in delivering industry-leading
sleep solutions and a mission to help people sleep better so they
can live healthier lives, the company is headquartered in
Doraville, GA, and owns top brands such as Serta®, which has five
other independent licensees, Beautyrest®, Tuft & Needle® and
Beauty Sleep®. For more information about SSB and its brands, visit
https://sertasimmons.com/.
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Jamie Wallis Serta Simmons Bedding
SSBCommunications@sertasimmons.com