Tempur Sealy International, Inc. has announced the retirement of Sealy Corporation president and CEO Lawrence Rogers, effective April 5.
Rogers will join the company's board of directors, however, on March 27, comprising the board's 11th member.
"On behalf of everyone at Tempur Sealy, I would like to thank Larry for his incredible loyalty, passion and leadership over the past 34 years at Sealy, as well as his invaluable contribution to the Tempur Sealy merger and integration efforts over the past year," said Mark Sarvary, president and CEO of Tempur Sealy International, Inc. "We are delighted that he will continue to provide his wealth of bedding industry experience as a member of our board of directors."
Rogers has been with Sealy since 1979, since serving in various roles including president, Sealy of Canada; president, Sealy International and president, North America of Sealy. He stepped into the role of CEO in 2008, joining Tempur Sealy International when the company acquired Sealy in 2013.
The company credits Rogers with the Sealy brand's global expansion, including the successful development of Sealy Canada and the entry into the South American and Asian markets. He also played a key role in rebuilding the Stearns & Foster brand and rolling out the Sealy Posturepedic product.
Replacing Rogers will be COO Tim Yaggi, as well as EVP and president, International David Montgomery.
"After more than three decades at Sealy, I have decided that the time is right for me to retire," Rogers said. "I've enjoyed working with Mark to forge a new, stronger company, and I am extremely optimistic about Tempur Sealy's future. I feel confident that by leading in innovation, customer service, quality and branding, Tempur Sealy will be unbeatable in the marketplace."