La-Z-Boy Incorporated Announces Chief Financial Officer Succession
La-Z-Boy Incorporated (NYSE: LZB) has announced a Chief Financial Officer succession plan. Current CFO Bob Lucian will retire on April 26, 2025, with Taylor Luebke, currently Vice President of Finance and Treasurer, set to succeed him starting January 1, 2025. Luebke, who joined La-Z-Boy in 2021, brings nearly 20 years of finance experience to the role.
CEO Melinda Whittington praised Lucian's contributions, particularly in executing the company's Century Vision strategy and maintaining a strong financial position during challenging times. She expressed confidence in Luebke's ability to provide strong financial leadership and continue the company's strategic execution. Lucian will support the transition until the end of the fiscal year.
La-Z-Boy Incorporated (NYSE: LZB) ha anunciado un plan de sucesión para el Director Financiero. El actual CFO, Bob Lucian, se retirará el 26 de abril de 2025, con Taylor Luebke, actualmente Vicepresidente de Finanzas y Tesorero, listo para sucederle a partir del 1 de enero de 2025. Luebke, quien se unió a La-Z-Boy en 2021, aporta casi 20 años de experiencia en finanzas al cargo.
La CEO Melinda Whittington elogió las contribuciones de Lucian, especialmente por ejecutar la estrategia de la empresa Century Vision y mantener una sólida posición financiera durante tiempos difíciles. Expresó confianza en la capacidad de Luebke para proporcionar un liderazgo financiero sólido y continuar con la ejecución estratégica de la empresa. Lucian apoyará la transición hasta el final del año fiscal.
La-Z-Boy Incorporated (NYSE: LZB)는 최고 재무 책임자(CFO) 승계 계획을 발표했습니다. 현재 CFO인 Bob Lucian은 2025년 4월 26일에 은퇴하며, 현재 재무 부사장 겸 회계 담당자인 Taylor Luebke가 2025년 1월 1일부터 그 자리를 이어받을 예정입니다. Luebke는 2021년에 La-Z-Boy에 합류했으며 재무 분야에서 거의 20년의 경험을 보유하고 있습니다.
CEO Melinda Whittington은 Lucian의 기여를 칭찬했으며, 특히 회사의 Century Vision 전략을 실행하고 어려운 시기에도 강력한 재무 상태를 유지한 공로를 강조했습니다. 그녀는 Luebke가 강력한 재무 리더십을 제공하고 회사의 전략적 실행을 계속할 수 있을 것이라고 확신했습니다. Lucian은 회계 연도 말까지 전환을 지원할 것입니다.
La-Z-Boy Incorporated (NYSE: LZB) a annoncé un plan de succession pour le Directeur Financier. L'actuel CFO, Bob Lucian, prendra sa retraite le 26 avril 2025, avec Taylor Luebke, actuellement Vice-Président des Finances et Trésorier, qui lui succédera à partir du 1er janvier 2025. Luebke, qui a rejoint La-Z-Boy en 2021, apporte près de 20 ans d'expérience dans le domaine financier.
La PDG Melinda Whittington a loué les contributions de Lucian, en particulier pour l'exécution de la stratégie Century Vision de l'entreprise et pour avoir maintenu une solide position financière durant des périodes difficiles. Elle a exprimé sa confiance dans la capacité de Luebke à fournir un leadership financier solide et à continuer l'exécution stratégique de l'entreprise. Lucian soutiendra la transition jusqu'à la fin de l'exercice fiscal.
La-Z-Boy Incorporated (NYSE: LZB) hat einen Nachfolgeplan für den Chief Financial Officer bekannt gegeben. Der derzeitige CFO Bob Lucian wird am 26. April 2025 in den Ruhestand treten, während Taylor Luebke, der derzeit Vizepräsident für Finanzen und Schatzmeister ist, ab dem 1. Januar 2025 seine Nachfolge antreten wird. Luebke, der 2021 zu La-Z-Boy gestoßen ist, bringt fast 20 Jahre Erfahrung im Finanzbereich mit in die Position.
CEO Melinda Whittington lobte Lucians Beiträge, insbesondere für die Umsetzung der Unternehmensstrategie Century Vision und die Aufrechterhaltung einer soliden finanziellen Position in schwierigen Zeiten. Sie äußerte ihr Vertrauen in Luebkes Fähigkeit, starke finanzielle Führung zu bieten und die strategische Umsetzung des Unternehmens fortzusetzen. Lucian wird die Übergabe bis zum Ende des Geschäftsjahres unterstützen.
- Smooth leadership transition with internal promotion indicates strong succession planning
- New CFO Taylor Luebke brings 20 years of finance experience to the role
- Outgoing CFO Bob Lucian will support the transition until fiscal year-end
- Company maintains focus on Century Vision strategy execution and financial success
- None.
VP, Finance and Treasurer Taylor Luebke to Succeed Bob Lucian as CFO
MONROE, Mich., Oct. 10, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the retail and manufacture of residential furniture, today announced that Bob Lucian, Senior Vice President and Chief Financial Officer, will retire at the end of the fiscal year, effective April 26, 2025. Taylor Luebke, Vice President, Finance and Treasurer, will succeed Lucian as Senior Vice President and Chief Financial Officer beginning January 1, 2025.
Luebke has nearly 20 years of finance experience, including in financial planning and analysis, treasury, supply chain finance, and business strategy. He joined La-Z-Boy Incorporated in 2021 and has held roles of increasing responsibility, most recently serving as Vice President, Finance and Treasurer, working in close partnership with the Chief Financial Officer to drive strategic planning and lead the company’s day-to-day financial and treasury operations. In addition to his time at La-Z-Boy Incorporated, Luebke has held several financial leadership roles with iconic consumer product companies, most notably The Procter & Gamble Company.
After almost 35 years in finance, Lucian joined La-Z-Boy Incorporated in 2019 and served as Vice President, Finance until his appointment to his current role as CFO in 2021. He will continue in his current position through December 31, 2024, and will remain with the company until the end of the fiscal year to support the transition.
“I would like to thank Bob for his years of leadership contributions,” said Melinda Whittington, President and Chief Executive Officer of La-Z-Boy Incorporated. “He has played an integral role in helping to execute our Century Vision strategy, including growing our Retail network and maintaining a strong balance sheet and disciplined capital allocation, even through the pandemic disruption and ongoing challenging macroeconomic environment.”
Whittington continued, “I’m also exceedingly pleased to have Taylor in place to succeed Bob as CFO, which is a testament to our robust succession planning and talent development. With his strong financial expertise and business acumen, Taylor is well positioned to take on this important role and continue to deliver on our Century Vision strategic execution and financial success. He has already taken an increasingly active role with our Board and investors, and I have full confidence in his ability to provide strong financial leadership for La-Z-Boy Incorporated throughout the next phase of the company’s growth.”
“It has been an honor to serve as CFO for La-Z-Boy Incorporated and a great privilege to work with this exceptional team, including Taylor Luebke, who has a thorough understanding of this company and will help drive its future success,” said Lucian. “I look forward to watching as La-Z-Boy Incorporated continues to leverage its iconic brand and financial position to drive shareholder value.”
Contacts:
Mark Becks, Investor Relations: (734) 457-9538; Mark.Becks@la-z-boy.com
Cara Klaer, Corporate Communications: (734) 598-0652; Cara.Klaer@la-z-boy.com
About La-Z-Boy Incorporated:
La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and communities around the world - a mission that began when its founders invented the iconic recliner in 1927. Today, the company operates as a vertically integrated furniture retailer and manufacturer, committed to uncompromising quality and compassion for its consumers.
The Retail segment consists of about 190 company-owned La-Z-Boy Furniture Galleries® stores, and is part of a broader network of over 350 La-Z-Boy Furniture Galleries® that, with La-Z-Boy.com, serve customers nationwide. Joybird®, an e-commerce retailer and manufacturer of modern upholstered furniture, has 12 stores in the U.S. In the Wholesale segment, La-Z-Boy manufactures comfortable, custom furniture for its Furniture Galleries® and a variety of retail channels, England Furniture Co. offers custom upholstered furniture, and casegoods brands Kincaid®, American Drew®, and Hammary® provide pieces that make every room feel like home. To learn more, please visit: https://www.la-z-boy.com/.
Cautionary Note Regarding Forward-Looking Statements:
This 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 2024 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.
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