- New Interim CEO of Mattress Firm,
Scott Thompson
LEXINGTON, Ky., Feb. 12,
2025 /PRNewswire/ -- Tempur Sealy International, Inc.
(NYSE: TPX, "Company" or "Tempur Sealy") today announced management
changes at Mattress Firm. The Company recently acquired Mattress
Firm, the nation's largest mattress specialty retailer.
John Eck has decided to step down
as Chief Executive Officer of Mattress Firm. The Company has
entered into a consulting agreement with Mr. Eck to ensure a smooth
transition. Scott Thompson, Chairman
and CEO of Tempur Sealy, will act as Interim CEO of Mattress Firm
during a transition period. The Company expects to appoint a new
CEO of Mattress Firm within the next 6 to 9 months.
"We thank John for his successful 6 years at Mattress Firm,
leading the business to outperform the market over the period of
his leadership," commented Scott
Thompson. "I look forward to working with the Mattress Firm
leadership team during this transitional period."
The Company previously announced it will change its name
to Somnigroup International Inc. ("Somnigroup"),
effective February 18, 2025. Mattress Firm, Dreams
and Tempur Sealy will operate
as decentralized business units
under Somnigroup International. Mattress Firm and Dreams will
continue to operate as multi-branded retailers and Tempur
Sealy, primarily a manufacturer, will continue to serve third-party
retailers as well as Mattress Firm, Dreams and Tempur
Sealy direct-to-consumer channels.
About the Company
Tempur Sealy is committed to improving the sleep of more people,
every night, all around the world. As a leading designer,
manufacturer, distributor and retailer of bedding products
worldwide, we know how crucial a good night of sleep is to overall
health and wellness. Utilizing over a century of knowledge and
industry-leading innovation, we deliver award-winning products that
provide breakthrough sleep solutions to consumers in over 100
countries.
Our highly recognized brands include Tempur-Pedic®, Sealy® and
Stearns & Foster® and our popular non-branded offerings consist
of value-focused private label and OEM products. At Tempur Sealy we
understand the importance of meeting our customers wherever and
however they want to shop and have developed a powerful
omni-channel retail strategy. Our products allow for complementary
merchandising strategies and are sold through third-party
retailers, our 750+ Company-owned stores worldwide and our
e-commerce channels. With the range of our offerings and
variety of purchasing options, we are dedicated to continuing to
turn our mission to improve the sleep of more people, every night,
all around the world into a reality.
Importantly, we are committed to carrying out our global
responsibility to protect the environment and the communities in
which we operate. As part of that commitment, we have established
the goal of achieving carbon neutrality for our global wholly owned
operations by 2040.
Investor Relations Contact
Aubrey Moore
Investor Relations
Tempur Sealy International, Inc.
Investor.relations@tempursealy.com
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SOURCE Tempur Sealy International, Inc.
