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2 Senior VPs Resigning From Furniture Brands

ST. LOUIS - Furniture Brands International said last week that its chief financial officer and its general counsel were both resigning, and named two other company executives as their replacements.
     Steven Rolls, who had been CFO, and Jon Botsford, who was general counsel and corporate secretary, were senior vice presidents at the manufacturer and importer. Furniture Brands said their resignations will be effective May 18.
     In a Securities and Exchange Commission filing, the company also said Rolls and Botsford "will both receive the benefits they would have received upon involuntary termination under the company's Executive Severance Plan." Those benefits include a year's salary plus bonuses, and come with a one year non-compete clause, according to FBI's proxy statement.
     Replacing Rolls is Vance Johnston, who has been senior vice president, growth and transformation, since joining Furniture Brands in March 2010. Earlier, he was the chief financial officer at Miami Jewish Health Systems. He started his career at KPMG Peat Marwick and also has held corporate strategy roles at Burger King, Office-Max and Royal Caribbean Cruises.
     Meredith Graham, who has been Furniture Brands' deputy general counsel and assistant secretary since November 2008, was promoted to senior vice president, general counsel and corporate secretary. Before joining the company, she held a similar position at information technology provider Savvis, and was in private practice at a St. Louis law firm.

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