Drake leaving president spot at NARDA
By Furniture Today Staff -- Furniture Today, April 6, 2008
Glenview, Ill. — After four years at the helm, Tom Drake is stepping down as president and CEO of the North American Retail Dealers Assn.
Drake has driven such NARDA initiatives as outsourcing its operational functions and merging with the United Services Assn., which is now NARDA's service arm. He is leaving the group for a new position with a start-up organization called L3, which serves high-net-worth individuals.
"Tom has done much good for us and we will miss him," said Leon Barbachano, NARDA board chairman. He said the search for a replacement has begun and that the board will assume Drake's duties until a successor is appointed. Rosemary Jacobshagen, executive vice president, will continue to manage day-to-day operations.
NARDA is a 65-year-old, non-profit trade association for independent, big-ticket retailers. Its membership includes more than 3,500 furniture, appliance and consumer electronics retailers in the United States and Canada with combined annual sales of about $11 billion. In addition to education, it provides a variety of financial, insurance, transportation and other business services.
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Drake resigning as NARDA president, CEO
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