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Under
Lauritsen's leadership as President and CEO, Flexsteel’s revenue
increased from $200 million to more than $400 million.
Bruce Lauritsen, Vice Chairman of
the Board of Directors for Flexsteel Industries, died Sunday,
May 20, 2007, at home in Dubuque, Iowa after a hard-fought
battle with pancreatic cancer.
Lauritsen served as President and Chief Executive Officer of
Flexsteel from 1993-2006. Flexsteel said in a statement,
"Lauritsen was a dedicated leader whose optimism and affability
made him as well-liked as he was widely respected."
After graduating from Creighton University in 1965 with a
Bachelor of Arts degree in philosophy, Lauritsen served in the
U.S. Army as an Infantry Officer. He completed a tour of duty in
Vietnam and was awarded the Bronze Star.
Lauritsen’s career with Flexsteel began in 1968 when he joined
the company as a Sales Trainee. Six years later, he was named
National Sales Manager, and fifteen years later, in 1989, he
became President. During the last ten years, Lauritsen’s strong
vision and leadership helped propel the company to increased
sales, expanded markets, and enhanced brand recognition. He had
many great accomplishments during his tenure as CEO. He
re-organized the reporting structure into three business-seating
units: Home Furnishings, Commercial and RV/Marine. He also led
the executive team and directors on the acquisition of DMI
Furniture, which in turn implemented an offshore Asian sourcing
program to blend with the company’s U.S. manufacturing focus.
“Bruce, in his long tenure with Flexsteel, served in many
demanding and critical positions. Under his leadership as
President and CEO, the company’s revenue increased from $200
million to more than $400 million. In addition, his leadership
guided the Company as it evolved to meet the challenges of the
constantly changing business climate and helped Flexsteel
maintain its leadership role in the home furnishings industry.
As a leader and a friend, Bruce will be sorely missed,” says
Bruce Boylen, Chairman of the Board, Flexsteel Industries, Inc.
Many organizations, both furniture industry and community-based,
benefited from Lauritsen’s involvement over the years, including
the boards of directors of: The American Home Furnishings
Alliance (AHFA); First Community Trust, Dubuque; Hills and
Dales, Dubuque; First National Bank, Dubuque; Loras College
Board of Regents, Dubuque; and the Dubuque Area Chamber of
Commerce.
Lauritsen was born in Omaha, Nebraska on August 23, 1942. He is
survived by his wife Jeanne; his three children, Jeanne’s two
children, and 16 grandchildren; one brother, four sisters and
their families. He was preceded in death by his parents and many
aunts and uncles.
Deeply committed to his community and church as well as the
furniture industry, Lauritsen also worked with the United Way,
the Girl Scouts of America, and the Parish Pastoral Council at
St. Joseph the Worker Catholic Church, Dubuque.
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