La-Z-Boy Appoints Raza Haider to Board of Directors
28 Juin 2023 - 10:15PM
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential
furniture, today announced that Raza S. Haider has been named to
its Board of Directors, effective yesterday. He will serve on the
Nominating and Governance Committee. The appointment expands the
Board to 11 members.
Mr. Haider is the Chief Product and Supply Chain
Officer of Bose Corporation. At Bose, he is responsible for
designing strategic innovations for the brand’s broad product
portfolio to better connect with consumers. Prior to joining Bose,
he was Senior Vice President at Dell Technologies, Inc. where he
was most recently the general manager of Dell’s global consumer PC
and Client Peripheral business and before that, led various product
development groups. Raza’s 23-year career includes a diverse set of
experiences at other global companies, including McKinsey and
Adventis.
Melinda D. Whittington, President and Chief
Executive Officer of La-Z-Boy Incorporated, said, “We are delighted
to have an individual of Raza’s experience join our Board of
Directors. He is a seasoned executive who has a track record of
establishing design thinking to enhance engagement with an evolving
consumer. Additionally, with his unique background of delivering
transformational solutions that stay true to the brand’s core
mission and values, he will undoubtedly make a significant
contribution to our Board’s oversight as we execute our Century
Vision growth strategy over the long term.”
Michael T. Lawton, Chair of the Board, said,
“Raza’s appointment is reflective of our strong commitment to
ongoing refreshment of the Board. In addition to bringing to
La-Z-Boy a breadth of experience in the consumer space, his
pragmatic approach and e-commerce savvy will serve the company
well. The Board and the Executive Leadership Team look forward to
working with him.”
Before joining Dell, Haider spent seven years at
McKinsey & Company, consulting for clients in the technology,
media, and communications sectors. Raza holds a bachelor’s degree
in Economics and Psychology from Ohio Wesleyan University. In
addition, Raza is an active angel investor and mentor for startups
in business incubators based in Austin, TX.
A full listing of the La-Z-Boy Incorporated
Board of Directors may be found at:
https://lazboy.gcs-web.com/corporate-governance/board-of-directors.Investor
Relations ContactMark Becks, CFA, (734)
457-9538mark.becks@la-z-boy.com
About La-Z-BoyLa-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 La-Z-Boy, England, American Drew®,
Hammary®, Kincaid® and the company's international wholesale
and manufacturing businesses. The company-owned Retail segment
includes 171 of the 349 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 349 stand-alone La-Z-Boy Furniture Galleries® stores
and 522 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
https://www.la-z-boy.com/.
Cautionary Note Regarding
Forward-Looking StatementsThis 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, and our business and industry.
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. 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 2023 Annual Report on Form 10-K and other
factors identified in our reports filed with the Securities and
Exchange Commission (the "SEC"), available on the SEC's website at
www.sec.gov. 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 InformationThis 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
SEC, 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
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