Toano, Va. — Lumber Liquidators’ board of directors has appointed John M. Presley as chief executive officer, effective November 16, 2015. He succeeds Thomas D. Sullivan, the company’s founder, who has served as acting CEO since May 21, 2015.
Sullivan will serve as special advisor to the CEO and remain on the board as founder. In his new role, Sullivan will assist Presley in an advisory capacity to provide guidance and ensure continued progress toward executing the company’s vision and long term strategy.
Nancy M. Taylor, who has been a Lumber Liquidators director since April 2014, will assume Presley’s previous role of independent chairman of the board and head of the special committee. Presley will continue to serve as a member of the board.
Presley has more than 30 years of leadership experience with significant operational, financial, turnaround and risk management expertise. Before Lumber Liquidators, Presley was CEO of First Capital Bancorp. During his tenure, First Capital significantly grew its total assets and expanded its branch footprint. Over the course of his career, Presley has been instrumental in expanding in-store retail branch networks and helped to pioneer the creation of supermarket banking programs across the country.
Presley has been a director of Lumber Liquidators since April 2006, and was appointed chairman of the board in May 2015.
With more than 370 locations, Lumber Liquidators is North America’s largest specialty retailer of hardwood flooring. For more information, visit www.LumberLiquidators.com.
SOURCE: Lumber Liquidators