Lumber Liquidators Announces Appointment Of Joseph M. Nowicki To Board Of Directors

Rhea-AI Summary

Lumber Liquidators (NYSE: LL) announced the appointment of Joseph M. Nowicki to its Board of Directors, effective September 1, 2020. His term will expire at the 2022 Annual Meeting of Stockholders. Nowicki brings over 35 years of experience in finance and retail, including expertise in e-commerce, which is expected to benefit the company's strategic initiatives. Previously, he served as CFO at Beacon Roofing Supply, Inc., and held key financial roles at Spartan Motors, Inc. This leadership change may influence the company's direction in the competitive hard-surface flooring market.

Positive

• Appointment of Joseph M. Nowicki, bringing over 35 years of financial and retail experience.
• Expertise in e-commerce expected to enhance business strategy.
• Leadership role in Audit and Compliance and Regulatory Affairs Committees.

Negative

• No significant negative aspects identified.

RICHMOND, Va., Sept. 1, 2020 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), a leading specialty retailer of hard-surface flooring in North America, today announced that, effective September 1, 2020, Joseph M. Nowicki has been appointed to its Board of Directors for an initial term expiring at the 2022 Annual Meeting of Stockholders.  Mr. Nowicki will also serve on the Audit and Compliance and Regulatory Affairs Committees of the Board of Directors.

"We are delighted to welcome Joe to our Board of Directors," commented Charles Tyson, President and Chief Executive Officer.  "With over 35 years spanning a breadth of financial disciplines, industries and business functions, both in the retail and home improvement industries, as well as his expertise in the development of e-commerce and digital enhancements for a public company with over $7 billion in annual revenue, Joe's leadership experience, knowledge and insight will help guide us as we continue to implement our business strategy."

Mr. Nowicki, 58, previously served as Executive Vice President and Chief Financial Officer of Beacon Roofing Supply, Inc., a distributor of commercial and residential roofing products and related building materials, from 2013 until June 2020.  Prior to that assuming that position, he was Chief Financial Officer, Chief Compliance Officer and Treasurer of Spartan Motors, Inc., a specialty chassis, vehicle, truck body and aftermarket parts manufacturer for RV and emergency response customers.  Mr. Nowicki served on the board of directors of Diversified Restaurant Holdings, Inc., owner and operator of Buffalo Wild Wings franchised restaurants, from 2010 to 2020, when it was acquired by a private investment firm.  He served on the board of directors of ASV Holdings, Inc., a compact tracked loader and skid-steer loader manufacturer, from 2017 to 2019, which was acquired by a private company in 2019.  Mr. Nowicki received a B.S. degree at Canisius College and an MBA from the University of Michigan.

About Lumber Liquidators
Lumber Liquidators is one of North America's leading specialty retailers of hard-surface flooring with 422 stores as of June 30, 2020. The Company features more than 400 varieties of floors in the latest styles, including waterproof vinyl plank, solid and engineered hardwood, laminate, bamboo, porcelain tile and cork flooring. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain new floors. Every location is staffed with flooring experts who can provide advice, pro services and installation options for all of Lumber Liquidators' products, much of which is in stock and ready for delivery.

For further information contact:
Lumber Liquidators Investor Relations
ir@lumberliquidators.com
Tel: 917-640-4196

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SOURCE Lumber Liquidators

FAQ

Who is Joseph M. Nowicki and what is his role at Lumber Liquidators?

Joseph M. Nowicki has been appointed to the Board of Directors of Lumber Liquidators, effective September 1, 2020.

What experience does Joseph M. Nowicki bring to Lumber Liquidators?

Nowicki has over 35 years of experience in finance and retail, including leadership roles in e-commerce.

What committees will Joseph M. Nowicki serve on?

He will serve on the Audit and Compliance and Regulatory Affairs Committees.

When does Joseph M. Nowicki's term on the Board of Directors expire?

His term will expire at the 2022 Annual Meeting of Stockholders.

How many stores does Lumber Liquidators have?

As of June 30, 2020, Lumber Liquidators has 422 stores in North America.