La-Z-Boy Appoints Robert Sundy as Chief Commercial Officer
January 11 2021 - 4:15PM
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential
furniture, today announced the appointment of Robert Sundy as
Senior Vice President and Chief Commercial Officer, effective
January 27, 2021. In this capacity, he will report to Kurt L.
Darrow, Chairman, President and Chief Executive Officer of La-Z-Boy
Incorporated, and will have responsibility for all facets of sales,
merchandising and marketing for the La-Z-Boy branded business in
North America.
Darrow said, “We are thrilled to welcome Rob to
the La-Z-Boy Leadership Team. He brings to the company more than 20
years of marketing and general management expertise with a proven
track record of developing innovative strategies to build and
strengthen brands. Rob will play a pivotal role in further refining
the company’s consumer focus and omni-channel strategy, leading
strategic initiatives to drive the commercial success of the
organization for the long term. He is a high-caliber individual who
will contribute greatly to our company.”
Sundy commented, “I am excited to join La-Z-Boy
at this juncture in the company’s history and look forward to
building on the equity of this loved and trusted brand. As the home
furnishings landscape continues to evolve, there is great
opportunity to further capitalize on the company’s success and
develop a commercial strategy to set La-Z-Boy on a course for
continued growth and market share gains.”
Sundy joins La-Z-Boy from Whirlpool Corporation,
where he was Head of Brand Marketing, Licensing and Creative
Studios for the North American Region. Prior to Whirlpool, he spent
nine years at General Mills in positions of increasing
responsibility before becoming the Regional Marketing Manager,
Latin American & Caribbean, Kids Cereal.
Sundy earned his MBA from the Harvard Business
School and his Bachelor of Science in American Politics, with a
minor in System Engineering, from the United States Military
Academy at West Point. He served as an officer in the United States
Army for five years after graduation. Sundy is involved in numerous
organizations, currently serving as a Board Member for the Boys and
Girls Club of Benton Harbor, and recently served as an Advisory
Council Member of the Association of Graduates for West Point.
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)
241-2438kathy.liebmann@la-z-boy.com
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