• Thomas Russell

Veltri leaves Heritage post

VeltriVeltri
ST. Louis - Kathy Veltri, the former president of Thomasville Furniture who was recently named senior vice president of retail under Heritage Home Group's senior management restructuring, has left the company.
     Furniture/Today attempted to reach Veltri last week in her St. Louis office and was told that she was no longer with the company.
     Details about her departure were unclear as officials with Heritage Home Group did not immediately respond to a request for comment. Furniture/Today also was unable to reach Veltri for comment.
     KPS Capital Partners formed Heritage Home Group after acquiring the assets of the former Furniture Brands International in November as part of a bankruptcy court-approved transaction. Heritage Home now owns the Thomasville, Broyhill, Henredon, Drexel Heritage, Maitland-Smith, Pearson, Lane, Lane Venture, La Barge and Hickory Chair brands that were part of Furniture Brands, which filed for Chapter 11 bankruptcy protection last September.
     Veltri joined the company last June, following the departure of former Thomasville president Ed Teplitz. She came from Walton Hills, Ohio-based Top 100 retailer Arhaus, where she had worked since 2006, most recently as senior vice president of sales and marketing.
     Veltri was renamed senior vice president of retail as part of a corporate restructuring that followed the purchase.
Mark Stephens, former president of Broyhill, was renamed senior vice president of wholesale sales for Heritage Home Group, and Gary McCray, formerly president of Lane Venture, was renamed senior vice president of Designer Brand Sales in December.
     These and other executives in the company report to Ira Glazer, CEO of Heritage Home Group.
    Other former division presidents, including former Lane president Dan Masters and Hickory Chair president Jay Reardon, left the company immediately following the KPS acquisition. Dan Bradley, who formerly headed up the Designer Brands unit, resigned in late November.

Thomas RussellThomas Russell | Associate Editor, FurnitureToday
trussell@furnituretoday.com

I'm Tom Russell and have worked at Furniture/Today since August 2003. Since then, I have covered the international side of the business from a logistics and sourcing standpoint. Since then, I also have visited several furniture trade shows and manufacturing plants in Asia, which has helped me gain perspective about the industry in that part of the world. As I continue covering the import side of the business, I look forward to building on that knowledge base through conversations with industry officials and future overseas plant tours. From time to time, I will file news and other industry perspectives online and, as always, welcome your response to these Web postings.

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