Southerland Realigns Management Team
David Perry -- Furniture Today, July 22, 2011
NASHVILLE, Tenn. - Independent bedding manufacturer Southerland has named Steve Russo CEO and chief operating officer in a management realignment.
Russo, who remains chairman of the board, assumes executive responsibilities formerly held by David Corbin, who has resigned from Southerland to pursue an opportunity in another industry, the company said.
Russo and Corbin had been co-presidents at the company, an unusual arrangement in the home furnishings industry. The two helped lead a transition at the company last year from family ownership to an Employee Stock Ownership Plan.
Southerland also announced that Bryan Smith, formerly executive vice president and chief financial officer, has been appointed president and CFO at the company. He also has been elected to the board of directors.
Also, Scott Miller has been appointed executive vice president of the company, broadening his responsibilities to include marketing services in addition to sales. He had been EVP of sales.
"Our executive team has an excellent balance of customer focus, industry experience, product and market knowledge and operational skills," said Russo, a bedding veteran who formerly held executive positions with Latex International, Consolidated Bedding and Restonic. "We are well positioned to execute our business model and create meaningful customer value."
He said that Corbin had resigned as an officer, director, ESOP committee member and an employee of the company and its related companies, effective July 8.
"We have appreciated David's leadership and vision, which has taken the company forward, and wish him well in his future endeavors," Russo said.
Based in Nashville, Southerland has facilities there and in Oklahoma City and Phoenix. The company is one of the largest independent bedding producers in the country.
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Bedding source Southerland realigns management
Jul 15, 2011
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