Leggett & Platt Incorporated (NYSE:LEG), a diversified manufacturer of engineered products, announced the upcoming retirement of a top executive and the appointment of his successor, signaling a change in its leadership structure.
Steven K. Henderson, Executive Vice President and President of Specialized Products and Furniture, Flooring & Textile Products, will retire on April 1, 2024, after a notable tenure with the company.
Following Henderson's departure, R. Samuel Smith, Jr. will step into the role as Senior Vice President, President – Furniture, Flooring & Textile Products, starting April 2, 2024. Smith, 56, has been with Leggett & Platt since 2014 and has held various leadership positions within the company, most recently serving as President of the Home Furniture Group since 2020.
Smith's experience prior to joining Leggett & Platt includes a role as Chief Operating Officer for a medical billing company and a sixteen-year career at Unifi (NYSE:UFI), Inc., a global textile fiber processor, where he held several positions in engineering, sales, and general management. He is a graduate of Davidson College with a bachelor's degree in economics.
This transition is part of the company's succession planning process, ensuring a smooth handover of responsibilities and continuity of leadership. The announcement was made through a filing with the Securities and Exchange Commission and reflects the company's commitment to strategic planning and corporate governance.
Investors and stakeholders of Leggett & Platt may view this change as a continuation of the company's efforts to maintain strong leadership and drive future growth. The information provided in this article is based on a press release statement.
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