Sara Armbruster becomes Steelcase President and Chief Executive Officer

Rhea-AI Summary

Sara Armbruster has been appointed as the new CEO of Steelcase (NYSE: SCS), succeeding Jim Keane who will retire in January 2022. Armbruster, with over 20 years of experience in corporate strategy, has been with Steelcase since 2007, holding various executive roles. Her leadership will focus on global growth strategies and user-centered design, enhancing customer experience as workplaces evolve. The company recently released its 2021 Impact Report, reflecting its commitment to environmental, social, and governance issues.

Positive

• Sara Armbruster's appointment as CEO marks a new strategic direction for Steelcase.
• Armbruster has a proven record of delivering growth and innovation.
• The company aims to enhance customer experience in changing work environments.

Negative

• None.

Armbruster is the 10th CEO in the 109-year history of Steelcase

GRAND RAPIDS, Mich., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) announced today Sara Armbruster has succeeded Jim Keane as president and chief executive officer. Keane, who previously announced his plan to retire in January 2022, will continue at Steelcase as vice chair until his retirement from the company.

Armbruster brings more than two decades of experience in corporate strategy and business innovation. Since joining Steelcase in 2007, she has held global executive leadership roles in multiple businesses, including Steelcase Education, Steelcase Health and PolyVision Corporation. Armbruster has a proven track record of delivering growth and innovation through strategic, results-oriented leadership. Her diverse responsibilities have included leading information technology, global design research, new business initiatives and the company’s global COVID crisis response team.

“Sara’s leadership and experience in user-centered design clearly make her the ideal choice to lead Steelcase as CEO,” said Rob Pew, Steelcase Board Chair. “Sara has an uncanny ability to see around corners, which is just what our customers need as they explore the many ways work and workplaces have changed in the past two years. She will build on the strong foundation established by Jim Keane to lead an exemplary, global management team into the next era of Steelcase.”

“I am honored to guide Steelcase into this next chapter,” said Armbruster. “Organizations are exploring the new ways work is happening, and we’re at the center of those discussions. We believe the office continues to be critical to culture and innovation — and we believe better is possible. We’re delighted to help our customers improve their experience with work no matter where, or how, that happens.”

As CEO, Armbruster will focus on global growth strategies designed to meet evolving customer needs and will continue the company’s long legacy of excellence in environmental, social and governance issues. Steelcase recently released its 2021 Impact Report, which shares progress made against goals in each of these areas, along with the company’s vision to use business as a force for good.

“There is an incredible energy within our organization,” said Armbruster. “We’re united in purpose, focused on our strategic vision and well positioned to serve our customers around the world. I can’t think of a more compelling time to step into the role of CEO.”

About Steelcase
Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with other leading organizations to provide architecture, furniture and technology solutions – accessible through a network of channels, including over 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal year 2021 revenue of $2.6 billion. For more information, visit www.steelcase.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4a6702b-bb73-4ee3-b6e0-18e6446d3582

Contact:

Katie Woodruff

Corporate Communications

(616) 915 - 8505

FAQ

Who is the new CEO of Steelcase as of October 2021?

Sara Armbruster has been appointed as the new CEO of Steelcase.

What experience does Sara Armbruster bring to Steelcase?

Sara Armbruster has over two decades of experience in corporate strategy and innovation, having held multiple executive roles at Steelcase since 2007.

What will be Sara Armbruster's focus as CEO of Steelcase?

As CEO, Armbruster will focus on global growth strategies and improving customer experiences.

What significant report did Steelcase recently release?

Steelcase recently released its 2021 Impact Report, outlining progress in environmental, social, and governance issues.

Why did Jim Keane step down as CEO of Steelcase?

Jim Keane announced his plan to retire from the CEO position in January 2022.