Lumber Liquidators appoints Martin Agard as CFO
- Wall St. edges higher as earnings gather pace
- Alibaba (BABA) Tops Q3 EPS by 17c, Revenues Rise 54%
- DuPont (DD) Tops Q4 EPS by 9c; Sees Merger Closing in First Half
- Johnson & Johnson (JNJ) Tops Q4 EPS by 2c; Guides Modestly Below the Street
- Pre-Open Stock Movers 01/24: (MPSX) (IIVI) (AKS) Higher; (FSM) (OCUL) (VZ) Lower (more...)
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
(Reuters) - Hardwood flooring retailer Lumber Liquidators Holdings Inc (NYSE: LL) appointed Martin Agard chief financial officer, more than a year after reports about the presence of a cancer-causing chemical in some of its products cost its top officers their jobs.
Agard most recently served as CFO of Kohler Co, which makes plumbing products and furniture.
Interim CFO Greg Whirley will stay on in his role as senior vice president, finance, Lumber Liquidators said on Friday.
Lumber Liquidators also appointed Christopher Thomsen as chief information officer. He was the chief information officer at Hibbett Sports Inc (NASDAQ: HIBB).
A report by CBS's "60 Minutes" in March 2015 alleged that Lumber Liquidators' laminate products sourced from China contained toxic levels of formaldehyde, leading to several probes by federal agencies and more than 100 class-action lawsuits. (http://reut.rs/2c6q9NG)
CFO Daniel Terrell quit in April, followed by CEO Robert Lynch in May. Board member John Presley was later named CEO.
The company said last month that a California court ruled in favor of it in a lawsuit that accused it of not warning consumers of the presence of formaldehyde in some of its products.
(Reporting by Gayathree Ganesan in Bengaluru; Editing by Don Sebastian)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Alibaba raises guidance as strategy shift makes progress
- Pakistan tests second nuclear-capable missile this month
- Germany raises growth forecast for 2017 exports, imports: government source
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!