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Lumber Liquidators names new CEO
2015年11月4日 / 上午11点20分 / 2 年前

Lumber Liquidators names new CEO

Nov 4 (Reuters) - Struggling hardwood flooring retailer Lumber Liquidators Holdings Inc appointed board member John Presley chief executive to replace founder and acting CEO Thomas Sullivan.

Sullivan will stay on as a special adviser to the CEO and remain on the board, the company said.

The company also reported an 11.3 percent drop in third-quarter net sales as demand continued to be hurt by allegations that its laminates from China contained excessive levels of cancer-causing formaldehyde. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Maju Samuel)

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