Dan Bradley resigns as head of Designer Brands Group
Thomas Russell -- Furniture Today, November 27, 2013
MORGANTON, N.C. — Dan Bradley, the president of what has been the Furniture Brands International Designer Brands Group that includes Henredon, Maitland-Smith, LaBarge, Pearson, Drexel Heritage, Hickory Chair and Lane Venture, has resigned from the company, effective Dec. 6.
Bradley is the latest person to leave the company since KPS Capital Partners received court approval to acquire the assets of Furniture Brands International on Friday. On Monday, KPS renamed the company Heritage Home Group LLC and announced that CEO Ralph Scozzafava had resigned.
The company also released Dan Masters as president of Lane Furniture and replaced Vance Johnston, FBI vice president and chief financial officer, with Jeff Zappone, CFO of the new Heritage Home Group.
Jay Reardon also has left the company after serving as president of Hickory Chair for the past 17 years.
A KPS spokesperson said he did not have information regarding replacements for Reardon or Bradley. The spokesperson also did not confirm that Bradley had in fact resigned.
Employees said they had heard from various resources within their companies on Tuesday that Bradley had resigned but said they had gotten no official word from KPS.
Bradley confirmed with Furniture/Today that he turned in his resignation on Thursday and that it is effective Dec. 6. He said he had no further comment on his reasons for leaving at this time.
Bradley, a former Baker and Ferguson Copeland executive, has headed the Designer Brands Group since 2008. Drexel Heritage was moved into the group this past May.
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