La-Z-Boy Incorporated (LZB)

40.97 -0.06 (-0.15%) At close: 04:00PM EDT

La-Z-Boy Incorporated

One La-Z-Boy Drive
Monroe, MI 48162-5138
United States
734 242 1444
https://www.la-z-boy.com

Sector(s): Consumer Cyclical
Industry: Furnishings, Fixtures & Appliances
Full-time employees: 10,200

Key executives

Name	Title	Pay	Exercised	Year born
Ms. Melinda D. Whittington	President, CEO & Director	2.32M	N/A	1968
Mr. Robert Gerard Lucian	Senior VP & CFO	944.45k	N/A	1963
Mr. Robert Sundy II	President of La-Z-Boy Brand & Chief Commercial Officer	793.4k	N/A	1977
Mr. Michael A. Leggett	Senior VP & Chief Supply Chain Officer	778.62k	50.1k	1973
Ms. Rebecca M. Reeder	President of Retail Furniture Galleries	729.18k	N/A	1970
Ms. Jennifer Lynn McCurry	VP, Corporate Controller & Chief Accounting Officer	N/A	N/A	1973
Ms. Carol Y. Lee	VP & Chief Information Officer	N/A	N/A	1973
Mr. Mark Alan Becks	Director of Investor Relations & Corporate Development	N/A	N/A	N/A
Ms. Raphael Z. Richmond	VP, Chief Compliance Officer, Chief legal Officer & General Counsel	730.91k	N/A	1970
Ms. Katherine E. Vanderjagt	VP & Chief Human Resources Officer	N/A	N/A	1981

Amounts are as of 31 December 2024, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products in the United States, Canada, and internationally. It operates through Wholesale and Retail segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, casegoods (wood) furniture, including bedroom sets, dining room sets, entertainment centers, and occasional pieces. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. It also licenses La-Z-Boy brand name on various products; and operates Joybird, an e-commerce retailer and manufacturer of upholstered furniture. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is headquartered in Monroe, Michigan.

Corporate governance

La-Z-Boy Incorporated’s ISS governance QualityScore as of 1 October 2024 is 2. The pillar scores are Audit: 4; Board: 1; Shareholder rights: 6; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.