LEGGETT & PLATT APPOINTS KARL GLASSMAN AS PRESIDENT AND CEO
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Karl Glassman appointed President and CEO and will continue to serve as Board Chairman -
Mitch Dolloff resigned as President and CEO and a member of the Board
Diversified manufacturer
Karl has served as an executive director and non-executive director on the Leggett & Platt Board since 2002, and previously served as CEO from 2016 to 2021. Karl has served in other various leadership capacities with the Company over his 42-year tenure, including Chief Operating Officer and President of the former Residential Furnishings segment.
Lead Independent Director
"I am honored to return and lead Leggett at this important time for our company," commented Glassman. "The restructuring plan, other operational improvement initiatives, and our focus on strengthening our balance sheet create a clear path toward a more focused, agile company with the ability to deliver improved profitability and enhanced shareholder value. I look forward to working with our talented team to advance our key initiatives and am confident we can build upon Leggett's strong foundation, capitalizing on opportunities ahead."
Brunner continued, "On behalf of the Board, I would like to thank Mitch for his many contributions to Leggett throughout his more than 20 years with the Company. We wish him the very best in his future endeavors."
FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.
COMPANY DESCRIPTION:
CONTACT: Investor Relations, (417) 358-8131 or invest@leggett.com
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