CALHOUN, Ga., Nov. 27, 2018 /CNW/ -- Mohawk Industries,
Inc. (NYSE: MHK) today announced that Frank
H. Boykin, chief financial officer, is planning to retire in
2019. Boykin joined Mohawk in 1993, moving up through various
finance roles prior to his appointment as CFO in January 2005.
"I am grateful for the contributions Frank has made to Mohawk
during his 25 years with the business," said Jeffrey S. Lorberbaum, Chairman and Chief
Executive Officer. "During that time, his leadership enabled Mohawk
to expand from a niche carpet provider into the world's largest
flooring company with manufacturing operations in 19 countries.
Frank has positioned Mohawk with a robust balance sheet that will
support our growth and acquisitions in the future. I am confident
in the strong financial team Frank has developed and appreciate his
continued support through the transition."
"I am proud of Mohawk's remarkable growth and expansion during
my time here," said Boykin. "Mohawk is a great company with a
bright future, and I look forward to working with our finance team
to deliver a smooth transition."
Mohawk has launched a comprehensive search for Boykin's
successor. After his successor is selected, Boykin will facilitate
the transition in a senior consultant role.
ABOUT MOHAWK INDUSTRIES
Mohawk Industries is the leading global flooring manufacturer
that creates products to enhance residential and commercial spaces
around the world. Mohawk's vertically integrated manufacturing and
distribution processes provide competitive advantages in the
production of carpet, rugs, ceramic tile, laminate, wood, stone and
vinyl flooring. Our industry-leading innovation has yielded
products and technologies that differentiate our brands in the
marketplace and satisfy all remodeling and new construction
requirements. Our brands are among the most recognized in the
industry and include American Olean, Daltile, Durkan, Feltex,
Godfrey Hirst, IVC, Karastan,
Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step and Unilin. During
the past decade, Mohawk has transformed its business from an
American carpet manufacturer into the world's largest flooring
company with operations in Australia, Brazil, Canada, Europe, India, Malaysia, Mexico, New
Zealand, Russia and
the United States.
Certain of the statements in the immediately preceding
paragraphs, particularly anticipating future performance, business
prospects, growth and operating strategies and similar matters and
those that include the words "could," "should," "believes,"
"anticipates," "expects," and "estimates," or similar expressions
constitute "forward-looking statements." For those statements,
Mohawk claims the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995. There can be no assurance that the
forward-looking statements will be accurate because they are based
on many assumptions, which involve risks and uncertainties. The
following important factors could cause future results to differ:
changes in economic or industry conditions; competition; inflation
and deflation in raw material prices and other input costs;
inflation and deflation in consumer markets; energy costs and
supply; timing and level of capital expenditures; timing and
implementation of price increases for the Company's products;
impairment charges; integration of acquisitions; international
operations; introduction of new products; rationalization of
operations; taxes and tax reform, product and other claims;
litigation; and other risks identified in Mohawk's SEC reports and
public announcements.
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SOURCE Mohawk Industries, Inc.