|
 Mr.
Holliman commented that the separation was by mutual
agreement
W.G. (Mickey) Holliman, Chairman, President and Chief
Executive Officer of
Furniture Brands International (FBN), today
announced that he has accepted the resignation of Randall C. Spak as President and Chief Executive Officer of Lane Furniture
Industries, Inc., a subsidiary of Furniture Brands.
Mr. Holliman commented that the separation was by mutual
agreement. Mr. Spak will remain on the company's payroll
pursuant to a previously-announced employment agreement, but he
has relinquished his day-to-day responsibilities.
John T. (Tom) Foy, President and Chief Operating Officer of
Furniture Brands will oversee the day-to-day operations at Lane
on an interim basis. Mr. Holliman said: "Before undertaking his
current role at Furniture Brands, Tom served in various
management capacities at Lane since 1985, serving as its
President and Chief Executive Officer from 1996 to 2004. Tom has
the proven ability to generate outstanding sales growth and
earnings performance at Lane, and I know the company will
benefit from his renewed oversight."
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