Barrie Brown leaves as Mattress Giant CEO

Michael Glazer, former Bombay Company president, to replace him

David Perry -- Furniture Today, October 22, 2009

ADDISON, Texas — Former Bombay Company president Michael Glazer has been named CEO of Mattress Giant, the Top 100 company announced today. He replaces Barrie Brown, who has left the company.

No reason for Brown's departure was given.

Brown was named CEO of Mattress Giant, based here, in September 2002. Before that he was at Sleep Country USA in Seattle.

The company said that Brown "was instrumental" in the success of Mattress Giant. "He played a pivotal role in positioning the company for acquisitions by Freeman Spogli and Co. and has been a vital contributor in our expansion," the company said in a statement.

Prior to his current position as president of Team Neu, a private equity firm established in 2005, Glazer for 10 years was CEO of KB toys, the nation's largest specialty toy retailer. Under his leadership, KB Toys expanded its store base from 1,000 to more than 1,600 stores and almost doubled sales to $1.8 billion.

Glazer was president of Fort Worth, Texas-based home furnishings retailer Bombay Company prior to his time at KB.

"I am excited and proud to be joining Mattress Giant and truly appreciate the confidence and ongoing support that our shareholders have shown," Glazer said. "I look forward to working with all our associates, vendors and customers to generate increased sales and profits."

Mattress Giant ranked 28th on Furniture/Today's Top 100 ranking this year, based on estimated 2008 sales of $255 million, down 4.5% from 2007 sales.