Mattress Firm names Steve Rusing as CEO

Somnigroup International Inc. (NYSE: SGI) appointed Steve Rusing as president and chief executive officer of its Mattress Firm subsidiary, effective August 14, 2025. Rusing previously served as president of Mattress Firm.

Scott Thompson, Somnigroup's chairman and CEO, had been serving as Mattress Firm's interim chief executive officer since February 2025. Thompson will continue in his role at Somnigroup.

"Combining the roles of President and CEO of Mattress Firm will allow Steve to lead with greater agility and alignment across all aspects of the company," Thompson said in a statement. He noted that Rusing has impacted the direction and strategy of Mattress Firm over recent months.

Somnigroup describes itself as the world's largest bedding company. The company operates through its fully-owned businesses including Tempur Sealy, Mattress Firm and Dreams, serving consumers in more than 100 countries. Its brand portfolio includes Tempur-Pedic, Sealy, Stearns & Foster, and Sleepy's.

The announcement comes after Somnigroup reported financial results earlier in August 2025.

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