Havertys Announces Key Leadership Promotions and Quarterly Dividend
February 23 2021 - 5:05PM
HAVERTYS (NYSE: HVT and HVT.A)
announced today, that its board of directors made
important promotions in further developing and strengthening
Havertys leadership team. Steven Burdette was elected president
effective March 1, 2021. He will succeed Clarence Smith who will
remain chairman and chief executive officer.
Burdette, 59, currently serves as executive vice
president, operations. He has over 37 years of experience with the
company and has held responsibilities for all aspects of the
stores, distribution operations, merchandising, supply chain, and
marketing. Burdette started his career with Havertys as a manager
trainee in Tampa, Florida, and held progressively more challenging
roles in four additional Havertys markets. He joined the corporate
management team in 1993 and was appointed vice president,
merchandising in 1994 and vice president, operations in 2002. He
was elected senior vice president, operations in 2003, executive
vice president, stores in 2008, and his current position in
2017.
“Steve has deep knowledge of the industry and
embodies Havertys’ culture and values, and I am pleased to welcome
him to this new role,” said Clarence Smith, chairman and chief
executive officer. “Steve has touched virtually every aspect of our
business over his career and is a passionate and driven leader. His
knowledge and skills were never more evident than during this past
year of incredible challenges. Steve successfully managed the
restarting of our operations and helped lead Havertys to its
strongest quarter in history.”
Burdette will continue to report to Smith, as
will the company’s chief financial officer, chief information
officer, general counsel, executive vice president of
merchandising, and chief human relations officer.
The board also made the following concurrent
promotions effective March 1, 2021:
Rhonda Wolf is named senior vice president,
merchandising. Wolf, a 35-year Havertys veteran, is responsible for
upholstery and other categories which drive over half of the
company’s sales. In her role, she manages the product offerings,
vendor selection, and profitability of the categories. The higher
quality custom upholstery products developed by Wolf are an
important part of Havertys’ increased average ticket and in-home
designer business. Wolf will continue to report to John Gill,
executive vice president, merchandising.
Scott Miles is named senior vice president,
stores. Miles joined Havertys in 2002 and has served in several
roles and differing responsibilities including market area manager,
vice president, stores and development, and oversight of our supply
chain team. He currently leads several key initiatives and
functions including online chat, in-home design teams, and training
for store team members. Miles will continue to report to Burdette
and retain his responsibilities as western region manager.
Helen Bautista is named senior vice president,
marketing. Bautista joined Havertys in 2019 with over 20 years of
experience leading and implementing comprehensive marketing and
advertising strategies and plans. Her focus is on marketing
integration, brand management, digital marketing, and analytics.
Bautista will report to Burdette.
"We are fortunate to have such knowledgeable
individuals in these diverse and critical functions of our
business. The experience, stability, and depth of our team are
competitive advantages. The appointment of these key leaders is an
important step in Havertys’ future growth,” Smith concluded.
The Company also announced today, that its
board of directors declared a cash dividend to be paid on the
outstanding shares of the two classes of $1 par value common stock
of the company at a rate of $0.22 per share on the common
stock and $0.20 per share on the Class A common
stock. The dividend is payable on March 25, 2021, to
stockholders of record at the close of business on March 12, 2021.
Havertys has paid a cash dividend in each year since
1935.
About Havertys Havertys
(NYSE: HVT and HVT.A), established in 1885, is a
full-service home furnishings retailer with 120 showrooms in
16 states in the Southern and Midwestern regions providing its
customers with a wide selection of quality merchandise in middle to
upper-middle price ranges. Additional information is available
on the company’s website,
havertys.com. Contact: Haverty Furniture
Companies, Inc., 404-443-2900 Jenny Hill Parker SVP,
Finance, and Corporate Secretary SOURCE:
Havertys
A photo accompanying this release is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/eba1f450-82e0-403c-a5d2-3c551f12821a
Haverty Furniture Compan... (NYSE:HVT)
Historical Stock Chart
From Sep 2024 to Oct 2024
Haverty Furniture Compan... (NYSE:HVT)
Historical Stock Chart
From Oct 2023 to Oct 2024