Hooker Furnishings Promotes Albanese and Phelps

Rhea-AI Summary

Hooker Furnishings has promoted Johne Albanese to Chief Marketing Officer and Tod Phelps to Senior Vice President-Operations, expanding their executive roles. Albanese, previously Vice President of Marketing, will oversee marketing for the company's twelve brands. Phelps, who joined the firm in 2017, adds responsibility for all operations to his current role as Chief Information Officer. CEO Jeremy Hoff expressed confidence that these promotions will greatly benefit the company. Hooker Furnishings operates manufacturing facilities in Virginia and North Carolina, with distribution centers in the U.S., China, and Vietnam.

Positive

• Promotions of Johne Albanese and Tod Phelps to key executive roles may enhance company performance.
• Albanese's marketing experience and Phelps’ operational expertise could improve efficiency and brand presence.

Negative

• None.

MARTINSVILLE, Va., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Hooker Furnishings has announced the promotions of Johne Albanese to Chief Marketing Officer and Tod Phelps to Senior Vice President-Operations, both new positions within the company which report to Chief Executive Officer Jeremy Hoff.

Albanese assumes the role of Chief Marketing Officer, responsible for all marketing initiatives across the company’s twelve brands. He has been with the company 8 years, previously serving as Vice President of Marketing.

Phelps has been named Senior Vice President – Operations. This is in addition to his current role as Chief Information Officer. Phelps will be responsible for all international and domestic operations. Phelps joined Hooker Furnishings in 2017 as Chief Information Officer.

“Tod and Johne have been valuable members of our executive team. I’m confident that their well-deserved new roles will pay great dividends across the entire company,” Jeremy Hoff, CEO said.

Based in Martinsville, Va., Hooker Furniture Corporation is ranked among the nation's largest publicly traded furniture sources and encompasses twelve discrete operating businesses. These brands include: Hooker Furniture, Hooker Upholstery, Bradington-Young, Sam Moore Furniture, Shenandoah Furniture, H Contract, Accentrics Home, Pulaski Furniture, Samuel Lawrence Furniture, Prime Resource International, Samuel Lawrence Hospitality and HMIdea. Hooker Furnishings Corporation's corporate offices and upholstery manufacturing facilities located in Virginia and North Carolina, with showrooms in High Point, N.C. and Ho Chi Minh City, Vietnam. Hooker Furnishings operates distribution centers in the United States, China, and Vietnam. The company's stock is listed on the Nasdaq Global Select Market under the symbol HOFT.

Contact: Mary-Price Furr - VP Marketing
Email: mpfurr@hookerfurnishings.com
Phone: 336-687-5964

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/9cae28b2-e141-4224-ad3d-9ad2765648ed

https://www.globenewswire.com/NewsRoom/AttachmentNg/67ca2822-bca2-4d4e-9eeb-4251dd4bdb3c

FAQ

What recent executive changes occurred at Hooker Furnishings (HOFT)?

Hooker Furnishings announced the promotions of Johne Albanese to Chief Marketing Officer and Tod Phelps to Senior Vice President-Operations.

Who will oversee marketing initiatives for Hooker Furnishings?

Johne Albanese, newly appointed Chief Marketing Officer, will be responsible for all marketing initiatives across the company's twelve brands.

What are Tod Phelps' new responsibilities at Hooker Furnishings?

Tod Phelps has been promoted to Senior Vice President-Operations, overseeing all international and domestic operations in addition to his role as Chief Information Officer.

When were the executive promotions at Hooker Furnishings announced?

The promotions of Johne Albanese and Tod Phelps were announced on February 17, 2021.

What is the stock symbol for Hooker Furnishings?

Hooker Furnishings is listed on the Nasdaq Global Select Market under the symbol HOFT.