|
The markets
that comprise the new North American business structure had
sales of $1.4 billion in fiscal 2005.
Sealy Corporation has realigned its
new North American Division. The division will be led by
Lawrence "Larry" Rogers, who has been appointed its President.
"As North America becomes more of an integrated market, this new
structure will allow Sealy to better leverage its product
development capabilities, sales and distribution strengths and
lean manufacturing initiatives," said David J. McIlquham,
Sealy's Chairman and Chief Executive Officer.
The markets that comprise the new North American business
structure had sales of $1.4 billion in fiscal 2005. Sealy
expects that one-third of its growth will be derived from sales
of innerspring in the U.S., one-third from specialty products,
and one-third of its growth from outside the United States.
In addition to promoting Rogers, who led Sealy's international
bedding group for the last twelve years, to lead the North
American Division, the Company promoted Michael Hofmann to
Executive Vice President of Operations for North America.
Executive Vice President and Chief Financial Officer, Jeffrey
Ackerman, who joined Sealy a year ago, will be promoted to
assume global leadership responsibility for Finance &
Information Technology.
"Under [Larry Rogers'] leadership, sales in Canada have doubled
over the last five years," noted Mr. McIlquham. "We expect to
further strengthen our position as the largest bedding
manufacturer in the United States and Canada."
Additionally, James "Jim" Hirshorn, Sealy's Senior Executive
Vice President of Finance, Operations, Research and Development
stated that he is leaving to become Chief Financial Officer at
Potbelly Sandwich Works. Mr. Hirshorn also resigned his position
as a member of the Board of Directors, effective immediately.
|
RTO Online is the official channel for Rent-to-Own Industry News and the
only independent source of news for the rent-to-own, rental-purchase,
lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
of the entire RTO Industry for trusted information, as it happens. |
|
Tell us what you think
Rate the article at the top of this page |
|
|
|
|