Fraley Stepping Down From Home Source International
Marc Barnes -- Furniture Today, May 24, 2011
ATLANTA - Home Source International chief operating officer John Fraley will leave the company effective May 31.
"This will assist Home Source in reducing costs and allow me to pursue some opportunities I have been approached about recently and to look for other opportunities within our industry where I can make a meaningful contribution," said Fraley, who has been with the company for nearly five years.
He added: "I will miss everyone and the challenges and rewards associated with growing a young business, but it is time to step aside in the best interests of all involved."
Company president and ceo Keith Sorgeloos said he and Fraley have been studying ways to reduce costs for six months. "He's good man, and we have a relationship both professionally and personally."
Business for the second half of the year looks to be picking up, he added. "These are challenges that we'll get through, just like we got through the recession. I'm going to miss him."
Furniture Today's Ray Allegrezza Speaks with Stephen Bogart about Fine Furniture's New Bogart Line