Stein World names Masters president, CEO
January 30, 2014,
Memphis, Tenn. - Accent furniture and lighting resource Stein World has named industry veteran Dan Masters as its president and CEO.
He replaces Stephen Kosmalski,who resigned from thecompany this week to pursueother opportunities. Kosmalskihad been with Stein World sinceearly 2012.
Masters most recently was atmotion furniture specialist LaneHome Furnishings, where he waspresident from August 2012 untillate November. He joined Lanein May 2012 as vice president ofbusiness development.
Masters was one of the topexecutives released by KPS CapitalPartners in November afterit received bankruptcy courtapproval to buy Lane and otherassets of the former FurnitureBrands International, includingBroyhill, Thomasville and Henredon.Lane and its sister brandsare now in a KPS-managedgroup of companies called HeritageHome Group.Before Lane, Masters waspresident of case goods importerand manufacturer Hekman foreight years.He started his career at Flex steel,where he eventually headedsales. After that he led sales andmarketing at Riverside Furniture.He also has held executive rolesat Jasper Cabinet and RichardsonBros. Furniture.
DavidFiore, SteinWorld's boardchairman, saidthat Masters'diverse industryexperienceand leadershipability combined with his strongsupply chain experience and "excellentstrategic vision" will helptake the company to its next levelof growth.
"We are extremely pleasedto add a proven 35-plus-yearfurniture industry executive tolead the Stein World team," Fioresaid. "Along with his extensiveindustry experience, Dan Mastersbrings a proven track record ofsuccess of 15 years at the CEOand general management levelin the furniture business to ourcompany. He is an excellent fitwith Stein World and his backgroundmakes Dan the right personto lead the execution of ourstrategic plan."
Masters said he is glad to bepart of Stein World and looksforward to helping guide thecompany toward future growth."I am really looking forwardto the opportunity and am excitedabout being on board." hesaid.