From staff reports
CARTHAGE, Mo. —
Leggett & Platt’s board of directors announced the promotion of two senior executives this week.
Karl Glassman has been named president, but still retains his current role as chief operating officer. Matthew Flanigan has been named executive vice president, but still retains his role as chief financial officer.
Glassman has served as chief operating officer since 2006, as both executive vice president and a director since 2002, and in various management roles since 1982.
Flanigan has served as a director since 2010, as senior vice president since 2005, as chief financial officer since 2003, and in other management roles since 1997.
David Haffner, chief executive officer, said in a statement issued with the announcements: “We are excited to have individuals of Karl’s and Matt’s caliber — extremely capable leaders with high integrity, determination and keen business acumen — continue to lead our company. These two have been instrumental in helping orchestrate a significant change in the company’s strategic direction, and have led our team to generate outstanding ... performance for our investors.”
The nominating committee of the board of directors also has recommended the election of Haffner as chairman at the board’s May meeting.
Haffner has served as CEO since 2006, and will continue in that capacity; he has been a director since 1995 and held various management roles for three decades.
Haffner is expected to succeed Richard T. Fisher, whom the nominating committee recommended for election as vice chair and lead director. Fisher has been chairman since 2008, and served as presiding director from 2003-2008. He joined the company’s board in 1972.