By Furniture Today Staff -- Furniture Today, March 23, 2009
ATLANTA — Havertys Chairman Clarence Ridley will retire as an employee of the Top 100 company in May but will remain non-executive chairman and consultant for the Atlanta-based retailer.
Ridley, who earned a base salary of $420,000 in 2007, will now be paid $125,000 per year as non-executive chairman and $155,000 a year as a consultant and advisor to President and CEO Clarence Smith. Ridley also will be general counsel on certain matters.
He'll also receive Havertys' standard retainer for non-employee directors of $45,000 a year, of which $30,000 is paid in common stock.
Ridley joined the Havertys board in 1979 and has been its chairman since January 2001.
Jenny Parker, corporate secretary and treasurer, said Ridley wants to pursue his other interests more fully.
“He serves on the boards of several businesses and not-for-profit entities, and he'll be able to spend more time and attention with them,” said Parker.
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Here is a sampling of some of the stylish new products catching dealers' eyes at the October High Point Market. For more coverage, see Furniture/Today's Nov. 2 print issue. When you're done viewing the photos in this Slideshow, more images of hot introductions also are available on the Furniture/Today Web site by clicking here.
The High Point Market is marking its 100th anniversary this April.
To help celebrate this milestone, Furniture/Today presents some pictorial
highlights of the past 100 years.
