Walt Rhea Promoted At Stanley Furniture

Furniture World Magazine

Stanley Furniture Company, Inc. has promoted Walt Rhea to director of inventory planning and logistics. Rhea will report to Rick Lovorn, senior vice president of manufacturing. In this new position, Rhea will be responsible for sales forecasting, inventory planning and logistics. He most recently served as Stanley Furniture’s manager of inventory planning and logistics. Rhea, a certified public accountant, joined Stanley Furniture in 1994 as a financial analyst after two years in public accounting. He earned a bachelor’s of business administration from Roanoke College in Roanoke, Va., and a master’s of accountancy from Virginia Polytechnic Institute and State University in Blacksburg, Va. “Walt has helped implement changes to run our business in a smoother, more cost-efficient manner,” Lovorn says. “We are confident that his leadership will result in even greater synchronization of corporate forecasting and international logistics.” One of the largest furniture manufacturers in the United States, Stanley Furniture Co., Inc. is widely recognized as a style and design leader. The company has received 11 coveted Pinnacle Awards for fine quality residential wood furniture, ranging from traditional to contemporary. Stanley Collections are presented as dining room, bedroom, home entertainment and accent tables, and home office. Young America® is the industry leader in youth furniture. Founded in 1924, Stanley Furniture® has a strong tradition of superior product supported by excellent quality and service. The shipment of orders to retail stores – an average of two weeks or less – is among the fastest in the industry. Production facilities are located in Stanleytown and Martinsville, Va., as well as Robbinsville and Lexington, N.C. Stanley Furniture's upper-medium priced furniture is sold to furniture specialty stores, department stores and furniture store chains. Stanley Furniture® common stock is traded on the Nasdaq Stock Market under the symbol STLY. For additional information, visit stanleyfurniture.com.