Kiser New CEO At La-Z-Boy

Furniture World Magazine

Patrick H. Norton, Chairman of La-Z-Boy Incorporated announced that the Board of Directors has named Gerald L. Kiser, 54, Chief Executive Officer of La-Z-Boy Incorporated. Since 1997, Mr. Kiser has served as President and Chief Operating Officer of La-Z-Boy. Chairman Norton stated that, "the appointment of Mr. Kiser to CEO was another phase in the management transition plan implemented in 1997 at the time of the unexpected death of then chairman Charles T. Knabusch. We are confident the experience Jerry has gained during his tenure as chief operating officer, which built on his prior successful career on the operating side of our industry, will serve him well in the future." Norton noted that given the accelerated pace of events accompanying the globalization of the furniture industry, centralizing the decision making authority in Jerry will expedite the decision making process to meet the needs of an expanding global industry. Kiser commented, "I am extremely pleased with the continued confidence of the Board and look forward to leading the company to new successes as the company and the industry emerges from the current economic slowdown. It is also comforting to know that Pat will remain our Chairman so that his vast sales and marketing expertise will continue to serve us and we will be able to rely on his counsel and advice regarding the overall strategic direction of the company." In addition to serving as La-Z-Boy's President and Chief Operating Officer since 1997, Mr. Kiser's extensive background in the furniture industry includes five years as Senior Vice President of Operations for Kincaid Furniture, a La-Z-Boy Incorporated company and a 22 year career with Broyhill holding numerous positions in their casegoods division.