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Tempur-Pedic hires Timothy Yaggi as chief operating officer

LEXINGTON, Ky. — Memory foam bedding leader Tempur-Pedic International has named veteran consumer durables executive Timothy Yaggi as chief operating officer, a new position. He will report to Mark Sarvary, president and CEO.

Yaggi's appointment underscores the company's commitment to carry out its strategic growth plan and prepare for the evolution of its business, brands and product lines, officials said. Yaggi has more than 25 years of operational experience at companies including Norelco (Philips), Whirlpool and Masco.

He was most recently group president of the North America Builder Group at Masco. From 1994 to 2008 Yaggi held a number of senior management positions at Whirlpool Corp. As executive vice president, market operations, North America for Whirlpool, Yaggi was responsible for leading operational functions that accounted for approximately $12 billion in revenue, including brand marketing, product management and development, sales, supply chain and consumer care.

"Tim will be a great asset to Tempur-Pedic," said Sarvary. "He brings a wealth of talent and deep operational experience in consumer products that will help Tempur-Pedic continue to grow as the worldwide leader in premium and specialty sleep."

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