La-Z-Boy Announces Planned Retirement of General Counsel
December 10 2020 - 4:15PM
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential
furniture, today announced the planned retirement of Stephen Krull,
Vice President, General Counsel and Secretary, effective August 31,
2021.
Kurt L. Darrow, Chairman, President and Chief
Executive Officer of La-Z-Boy Incorporated, said, “We have been
fortunate to have an executive of Steve’s caliber on our team. He
has served the company well in numerous capacities, including the
challenges associated with navigating our way through the COVID-19
environment and working with me throughout the pandemic on
important advocacy efforts to benefit the furniture industry.
Additionally, during Steve’s tenure, he built a strong and highly
capable legal team within the company and has worked well with our
Board of Directors. Steve is well respected throughout the entire
La-Z-Boy organization and will be missed by all. We wish him all
the best in his well-deserved retirement.”
Krull commented, “La-Z-Boy is a great
organization and it has been a privilege to work with so many
dynamic leaders in an industry that is evolving rapidly. I look
forward to watching the company pursue its omnichannel offering and
continue to grow and prosper.”
Krull joined La-Z-Boy in January 2019, and
reports to CEO Kurt L. Darrow. He is responsible for managing all
legal matters for the company, including corporate securities,
compliance, litigation, intellectual property and patents,
environmental, M&A, and contracts. He works closely with the
La-Z-Boy Board of Directors on corporate governance and other
matters and is part of the company’s Leadership Team.
The company anticipates announcing a successor
to the role in the coming months.
Cautionary Note Regarding
Forward-Looking Statements
This news release contains “forward-looking”
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements can be identified by
the fact that they do not relate strictly to historical or current
facts. Generally, forward-looking statements include information
concerning expectations, projections or trends relating to our
results of operations, financial results, financial condition,
strategic initiatives and plans, expenses, dividends, share
repurchases, liquidity, use of cash and cash requirements,
borrowing capacity, investments, future economic performance,
business, and industry and the effect of the novel coronavirus
(“COVID-19”) pandemic on our business operations and financial
results.
The forward-looking statements in this press
release are based on certain assumptions and currently available
information and are subject to various risks and uncertainties,
many of which are unforeseeable and beyond our control, such as the
continuing and developing impact of, and uncertainty caused by, the
COVID-19 pandemic. Additional risks and uncertainties that we do
not presently know about or that we currently consider to be
immaterial may also affect our business operations and financial
results. Our actual future results and trends may differ materially
depending on a variety of factors, including, but not limited to,
the risks and uncertainties discussed in our fiscal 2020 Annual
Report on Form 10-K and other factors identified in our reports
filed with the Securities and Exchange Commission. Given these
risks and uncertainties, you should not rely on forward-looking
statements as a prediction of actual results. We are including this
cautionary note to make applicable and take advantage of the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995 for forward-looking statements. We undertake no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or for any other
reason.
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:
https://lazboy.gcs-web.com/financial-information/sec-filings. 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:
https://lazboy.gcs-web.com/.
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 Wholesale segment includes England,
La-Z-Boy, American Drew®, Hammary®, and Kincaid®. The
company-owned Retail segment includes 159 of the 355 La-Z-Boy
Furniture Galleries® stores. Joybird is an e-commerce retailer and
manufacturer of upholstered furniture.
The corporation’s branded distribution network
is dedicated to selling La-Z-Boy Incorporated products and brands,
and includes 355 stand-alone La-Z-Boy Furniture Galleries® stores
and 561 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/.
Contact: Kathy Liebmann
(734) 241-2438
kathy.liebmann@la-z-boy.com
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