Warren, Mich. — Kim Yost, president and CEO of Art Van Furniture, plans to retire after 9 years with the company. In order to ensure a seamless leadership transition, Yost will maintain his current role until a successor has been appointed. Art Van has commenced a process to identify and evaluate candidates for the position.
"I am very proud of what the company and its associates have achieved during our time together over the past 9 years — growing from $350 million to over $1.3 billion in sales, from 35 stores to over 180 across nine states, and from 1,500 associates to over 5,700," says Yost. "The future is very bright for Art Van, and a multi-year strategic plan that will ensure the continued growth and success of the Art Van, Levin and Wolf Furniture brands has been laid out. I am confident that the company's next chapter will be a great one and I look forward to supporting a smooth leadership transition."
Art Van Furniture, LLC is the Midwest's Number 1 furniture and mattress retailer with 184 stores in nine states operating under the following brands: Art Van Furniture, Art Van PureSleep, Art Van Flooring, Scott Shuptrine Interiors, Levin Furniture, Wolf Furniture and Gardiner Wolf Furniture. Founded in 1959, the company is headquartered in Warren, Mich. For more information, visit www.artvan.com.
Founded in 1902, Levin Furniture has 35 furniture and mattress showrooms and clearance centers in Northeastern Ohio and Southwestern Pennsylvania. For more information, visit www.levinfurniture.com.
Wolf Furniture was founded in Altoona, Pa., in 1902, and purchased Maryland-based Gardiners Furniture in 2015. The company has 18 furniture showrooms in Pennsylvania, Maryland and Virginia. For more information, visit www.wolffurniture.com.
Thomas H. Lee Partners, L.P. is a premier private equity firm investing in middle market growth companies, headquartered in North America.
SOURCE: Art Van Furniture