Leggett & Platt Announces Executive Promotions and Board Changes
March 6, 2013,
CARTHAGE, Mo.-Leggett & Platt's board of directors announced the promotion of two senior executives: Karl G. Glassman is promoted to president of the company, and retains his current role as chief operating officer; and Matthew C. Flanigan is promoted to executive vice president, and retains his current role as chief financial officer.
Glassman has served Leggett & Platt as chief operating officer since 2006, as both executive vice president and a director since 2002, and in various management roles since 1982. Flanigan has served Leggett & Platt as a director since 2010, as senior vice president since 2005, as chief financial officer since 2003, and in other management roles since 1997.
Leggett & Platt's nominating committee of the board of directors has recommended, and the full board anticipates, the election of David S. Haffner as chair at the board's May meeting. Haffner has served Leggett & Platt as CEO since 2006, and will continue in that capacity. He has been a director since 1995, and held various management roles for three decades. Haffner would succeed Richard T. Fisher, whom the nominating committee recommended for election as vice chair and lead director. Fisher has been board chair since 2008, served as presiding director from 2003-2008, and joined the company's board in 1972.