Leggett's Wright, Cornell to leave board
By Furniture Today Staff -- Furniture Today, February 24, 2008
Carthage, Mo. — Leggett & Platt Chairman Felix Wright and Chairman Emeritus Harry Cornell, who have a combined 107 years of service with the company, have announced they won't seek re-election to the board of directors.
Wright, 72, and Cornell, 79, will remain on the board until the company's annual meeting in May.
Cornell, the grandson of co-founder J.P. Leggett, joined the company in 1950. He was president from 1960 to 1982 and chairman from 1982 to 2002.
Cornell hired Wright in 1959. Wright was chief operating officer from 1979 to 1999 and CEO from 1999 to 2006. He succeeded Cornell as chairman in 2002.
"To a large degree, they have been the architects of our company's success and growth over the last five decades," said Leggett President David Haffner. "Their legacy of partnership and teamwork, as both employees and board members, characterizes well the culture of our company."
The company said the board's nominating committee has recommended that Richard Fisher, a board member since 1972, be elected chairman once Wright steps down. Fisher is senior managing director of the Midwest division of Oppenheimer & Co.
-
Sun gets 3 on FBI board
May 25, 2008 -
Sun nominees prevail in FBI proxy contest
May 21, 2008 -
Scozzafava elected board chairman
Dec 2, 2011
Specialty retailer LoveSac introduces new store design
Belfort Furniture, Lawrance Furniture are NHFA Retailers of Year
Kincaid Furniture honors Jimmy and Rosalynn Carter for Habitat work
Furniture, mattress sales boost Conn's sales 37.6% in recent quarter
IMC honors Mike Snider with Robert H. Spilman award for excellence
Featured Company
-
Wright Labels
Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the... more
VIEW ALL GALLERIES
