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
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.
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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