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La-Z-Boy Elects Johnston Chairman
08-16-06
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With his depth of knowledge of our company, we have great confidence in his ability to work in tandem with management in navigating the changing industry landscape.
Kurt L. Darrow, President and CEO, La-Z-Boy

La-Z-Boy (LZB) has elected James W. Johnston as non-employee Chairman of the Board for a term of one year. Johnston, 67, has been a Director of La-Z-Boy's Board since 1991 and served as the Chairman of the Nominating and Governance Committee and was also a member of the Audit Committee. Johnston succeeds Patrick H. Norton, who retired after serving as Chairman since 1997 and as a Board member since 1981. Norton will become Chairman Emeritus.

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Johnston, a private investor, also serves as a financial consultant to various public companies and, earlier in his career, worked in financial management for Eastern Airlines and The Boeing Company. In his position as Chairman of the Nominating and Governance Committee, Johnston acted as the Chair for executive sessions of non-employee directors.

La-Z-Boy President and CEO Kurt L. Darrow said, "Elected with a unanimous vote, Jim brings years of experience to the position and, with great expertise and sound counsel, he will be a strong leader. With his depth of knowledge of our company, we have great confidence in his ability to work in tandem with management in navigating the changing industry landscape while being a voice for shareholders."

 

 

 

 

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