Robert L. Madore Appointed Executive Vice
President, Chief Financial Officer
Andrew W. Wadhams Appointed Senior Vice
President, Retail & Commercial Sales
Laura Massaro Appointed Senior Vice
President, Chief Marketing Officer
LL Flooring Holdings, Inc. (“LL Flooring” or “Company”) (NYSE:
LL), a leading specialty retailer of hard-surface flooring in the
U.S., today announced three new leadership team appointments, all
effective July 10, 2023. Mr. Robert L. Madore has been appointed as
Executive Vice President, Chief Financial Officer, replacing
Interim Chief Financial Officer Terry Blanchard; Andrew W. Wadhams
has been named as Senior Vice President, Retail and Commercial
Sales; and Laura Massaro has been named as Senior Vice President,
Chief Marketing Officer.
Charles Tyson, President and Chief Executive Officer, said, “The
Board of Directors and I are pleased to welcome an executive of
Bob’s caliber as LL Flooring’s next CFO, and look forward to
benefitting from his deep retail, financial and leadership
experience. Bob has a proven track record of building strong
finance organizations that help support sustainably growing brands,
and we’re excited to leverage his wealth of knowledge as we execute
our growth strategies to continue positioning the Company for long
term success.”
Mr. Madore commented, “LL Flooring is a leading specialty
retailer with a unique offering in the flooring space, and I am
honored to join the team at a critical point in the Company’s
journey. I look forward to collaborating with Charles and the
entire executive team as we look to capture the opportunities
ahead, and I am confident that my skillsets and expertise will
allow me to help lead the successful execution of our strategies
and drive value for all stakeholders.”
Mr. Tyson added, “We are also pleased to welcome Laura as LL
Flooring’s Chief Marketing Officer and Andrew to lead our retail
and commercial sales organization. Laura has developed and led
marketing campaigns for some of the most well-known brands in the
world, and we are excited to leverage her experience and insight as
we continue building awareness of our brand. In addition, Andrew is
a seasoned sales executive with an acute understanding of how to
deliver an extraordinary customer experience and a proven track
record of exceeding growth and profitability goals. Laura and
Andrew are highly talented brand-building executives who will be
strong assets to our leadership team as we continue to deliver the
high touch service of an independent flooring retailer combined
with the value and convenience of a national brand serving both the
professional and consumer segments.”
Mr. Wadhams said, “LL Flooring has built an exceptional
customer-centric business focused on high-touch service supported
by a sales organization focused on expertise. I am thrilled to be
joining the Company and look forward to working with the leadership
and field teams to maximize growth and optimize the customer
experience.”
Ms. Massaro said, “I am excited to join LL Flooring and to
oversee its marketing initiatives as I leverage my prior experience
and expertise to deliver the best outcome for LL Flooring and all
of our stakeholders. I look forward to hitting the ground running
as we work to increase awareness, drive engagement and capture
additional opportunities.”
Robert L. Madore
Mr. Madore brings more than 30 years of public company
management, finance and accounting experience, a record of leading
and scaling financial operations while strengthening business
performance, and extensive knowledge of the retail industry. He has
served as an agent of change in leading matrix organizations and
cross-functional teams, with proven success in implementing process
improvements, and executing strategies that positively impact the
bottom line and increase market share. Mr. Madore most recently
served as Interim Chief Financial Officer of F45 Training Holdings,
Inc. (NYSE: FXLV), a global fitness franchisor, since February 15,
2023. Prior to joining F45, Mr. Madore served as CFO of The Cronos
Group (NASDAQ: CRON), a global cannabinoid company, where he
rebuilt and managed financial and accounting systems, controls
processes and people teams. Prior to that, Mr. Madore served as CFO
of American Eagle Outfitters, Inc. (NYSE: AEO) and CFO of Ralph
Lauren Corporation (NYSE: RL).
Andrew W. Wadhams
An accomplished retail and consumer products executive, Mr.
Wadhams most recently served as Principal of The Wadhams Group, a
company he founded to help brands define their offering, align and
streamline practices and deepen connections to customers. Prior to
this, he spent half a decade at California Closets, where he served
as COO. Previously, Mr. Wadhams served in a number of operational
roles at One Medical Group, Inc. and Knowledge Universe. In
addition, Mr. Wadhams spent over twelve years in field leadership
positions with Gap, Inc. (NYSE: GPS).
Laura Massaro
Ms. Massaro brings more than 20 years of marketing experience
across a variety of brands and sectors. Most recently, Ms. Massaro
served as Director of Integrated Marketing at Delta Air Lines
(NYSE: DAL), where she led and supported teams across media,
social, CRM, MarTech, operations and analytics. Prior to joining
Delta Air Lines, Ms. Massaro served as Vice President and Deputy
Head of Planning for Publicis Groupe’s Arc Worldwide in London,
where she directed digital and retail strategy across a range of
clients. Previously, Ms. Massaro held various executive marketing
positions at Ogilvy (NYSE: WPP), The Coca-Cola Company (NYSE: KO)
and Kraft Foods (NYSE: KHC).
About LL Flooring
LL Flooring is one of the country’s leading specialty retailers
of hard-surface flooring with more than 440 stores nationwide. The
Company seeks to offer the best customer experience online and in
stores, with more than 500 varieties of hard-surface floors
featuring a range of quality styles and on-trend designs. LL
Flooring's online tools also help empower customers to find the
right solution for the space they've envisioned. LL Flooring's
extensive selection includes waterproof hybrid resilient,
waterproof vinyl plank, solid and engineered hardwood, laminate,
bamboo, porcelain tile, and cork, with a wide range of flooring
enhancements and accessories to complement. LL Flooring stores are
staffed with flooring experts who provide advice, Pro partnership
services and installation options for all of LL Flooring's
products, the majority of which is in stock and ready for
delivery.
Learn More about LL Flooring
- Our commitment to quality, compliance, the communities we serve
and corporate giving: https://llflooring.com/corp/quality.html
- Follow us on social media: Facebook, Instagram and
Twitter.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release includes statements of the Company’s
expectations, intentions, plans and beliefs that constitute
“forward-looking statements” within the meanings of the Private
Securities Litigation Reform Act of 1995. These statements, which
may be identified by words such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” "assumes,"
“believes,” “thinks,” “estimates,” “seeks,” “predicts,” “could,”
“projects,” "targets," “potential,” "will likely result," and other
similar terms and phrases, are based on the beliefs of the
Company’s management, as well as assumptions made by, and
information currently available to, the Company’s management as of
the date of such statements. These statements are subject to risks
and uncertainties, all of which are difficult to predict and many
of which are beyond the Company’s control.
The Company specifically disclaims any obligation to update
these statements, which speak only as of the dates on which such
statements are made, except as may be required under the federal
securities laws. For a discussion of the risks and uncertainties
that could cause actual results to differ from those contained in
the forward-looking statements, see the “Risk Factors” section of
the Company’s annual report on Form 10-K for the year ended
December 31, 2022, and the Company’s other filings with the
Securities and Exchange Commission (“SEC”). Such filings are
available on the SEC’s website at www.sec.gov and the Company’s
Investor Relations website at https://investors.llflooring.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230706389227/en/
For further information contact:
LL Flooring Investor Relations ICR Bruce Williams
ir@llflooring.com Tel: 804-420-9801
LL Flooring (NYSE:LL)
Historical Stock Chart
From Apr 2024 to May 2024
LL Flooring (NYSE:LL)
Historical Stock Chart
From May 2023 to May 2024