Veltri leaves Heritage post
February 20, 2014,
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.
| Associate Editor, FurnitureToday
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