Maria Duey Joins Hooker Furniture Corp. Board of Directors

Rhea-AI Summary

Maria Duey has joined the Board of Directors of Hooker Furniture Corporation (NASDAQ: HOFT), bringing over 20 years of experience in mergers and acquisitions and investor relations. Currently the CEO of Leonine Advisory, Duey previously worked at Masco Corp., where she led investor relations and managed multiple acquisitions. Chair Paul B. Toms expressed enthusiasm for her addition, citing her strong skill set and cultural fit. Duey stated her excitement about contributing to the company's growth as it approaches its 100th anniversary.

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• Maria Duey's experience in strategic planning and investor relations expected to enhance Hooker Furniture's leadership.
• Duey's extensive background in mergers and acquisitions may provide valuable insights for future business growth.

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• None.

MARTINSVILLE, Va., March 11, 2021 (GLOBE NEWSWIRE) -- Maria Duey, a senior financial executive with over 20 years of experience in mergers and acquisitions and investor relations at publicly-traded global manufacturing companies, has joined the Board of Directors of Hooker Furniture Corporation (NASDAQ-GS:HOFT) based here.

Duey is currently CEO and founder of Leonine Advisory, a consulting firm specializing in strategic planning and mergers and acquisitions for middle-market companies. She previously spent 18 years at Masco Corp., a leading manufacturer of branded home improvement and building products, where she implemented and led investor relations strategy and managed and executed numerous acquisitions, divestitures and investments. She also served in a similar capacity for several years at automotive aftermarket company Horizon Global.

“Speaking for the entire Hooker Furniture Board of Directors, we are ecstatic to have Maria Duey join our Board,” said Paul B. Toms, Chairman of the HFC Board. “She brings a strong background in strategic planning, investor relations and mergers & acquisitions as well as experience in large multi-national consumer goods companies. We believe Maria offers a complementary skillset to our existing directors and is a good fit culturally. We’re grateful she chose to join our Board and know she will be a solid contributor.”

“Hooker Furnishings’ focus on high-quality home products across multiple and expanding distribution channels makes this an exciting time to join the Board,” said Duey, “especially with the company approaching its 100^th anniversary. I’m honored to join this strong Board and to begin working with the company’s talented management team to help create value for all stakeholders.”

Duey, a Detroit-area resident, holds an MBA from the Kellogg School of Management at Northwestern University and an undergraduate degree from Michigan State University.

Based in Martinsville, Va., Hooker Furniture Corporation is ranked among the nation's largest publicly traded furniture sources and encompasses twelve distinct 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 are 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: Paul Huckfeldt, Chief Financial Officer
Email: phuckfel@hookerfurnishings.com
Phone:   276-632-2133

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/20a4a243-31fa-4600-b5c1-ced343467311

FAQ

What experience does Maria Duey bring to Hooker Furniture Corporation?

Maria Duey has over 20 years of experience in mergers and acquisitions and investor relations, previously working at Masco Corp.

Why did Maria Duey join the Board of Directors of HOFT?

Duey joined to contribute her expertise to Hooker Furniture as the company approaches its 100th anniversary.

What is Hooker Furniture Corporation focused on?

Hooker Furniture focuses on high-quality home products across multiple and expanding distribution channels.

Who is the Chairman of the Board at Hooker Furniture?

The Chairman of the Board is Paul B. Toms.

What roles did Maria Duey hold at Masco Corp.?

At Masco Corp., Duey led investor relations strategy and managed acquisitions and divestitures.