Lumber Liquidators names new CEO

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Lumber Liquidators names new CEO

By HBSDealer Staff - 05/28/2020
Lumber Liquidators has named Charles Tyson as the flooring retailer’s new president and CEO.

The announcement arrives as the Richmond, Va.-based company reported a first quarter profit of $12 million, compared to a net loss of $4.9 million in the first quarter of 2019, as sales edged upward to $267.4 million for the period.

Charles Tyson

Tyson has also been named to the company’s board of directors.In February, Tyson was named interim president and principal executive officer following the departure of former CEO Dennis Knowles

The new top executive joined the company in 2018 as chief customer experience officer and has been leading Lumber Liquidators’ merchandising and marketing, consumer and pro sales, installation, supply chain, distribution and store operations.  

"Charles has played a critical role in the development of the Company's go forward strategy as well as the transformation that is currently underway,” said Nancy Taylor, chairperson of Lumber Liquidators. “He is a world-class leader who is navigating the Company through the current unprecedented COVID-19 crisis as well as positioning us for the long term future.”

Prior to joining Lumber Liquidators, Tyson served in several key senior roles for Advance Auto Parts, Inc. for over nine years, most recently as executive vice president-merchandising, marketing and supply chain. Before that, Tyson served in a variety of senior roles at Office Max and Office Depot.

"I appreciate the confidence of the board and the opportunity to lead the company during the current crisis and as the recovery continues,” Tyson said. “Our transformation is well underway and we are investing in the key initiatives that we believe positions us for a strong future."

As of  March 31, Lumber Liquidators operated 420 stores nationwide.

“With Charles' appointment as CEO, we are pleased to have successfully implemented our succession plan providing strong continuity for LL Flooring as we continue to execute our transformation plan and invest in the key initiatives to improve our customer experience, drive traffic and transactions and improve profitability,” Taylor said.