CARTHAGE, Mo., Aug. 6, 2019 /PRNewswire/ -- Diversified
manufacturer Leggett & Platt is pleased to announce that
Jeffrey L. Tate, 50, will join the
Company as Executive Vice President and Chief Financial Officer
effective September 3, 2019. Jeff
brings 27 years of senior-level finance, operating, and general
management experience with The Dow Chemical Company, Midland, MI.
In his most recent role, Jeff served as Vice President and
Business CFO for Dow's largest operating segment, Packaging &
Specialty Plastics, with combined revenue of over $24 billion. As a member of the Portfolio
Executive Management team, he drove financial discipline and
provided financial counsel at the strategic and operational levels
of the global business. Responsibilities included portfolio
analysis, value-based strategy development, business risk analysis,
short and long-term financial planning, performance measurement and
analysis, and ensuring proper internal control. In prior roles,
Jeff served as Chief Audit Executive leading Dow's global Internal
Audit/Investigation activities and was also Director of Investor
Relations.
Jeff is a Certified Public Accountant, with a Bachelor of
Science in Accounting from the University of
Alabama. He is a member of the Board of Directors of TCF
Financial Corporation (TCF), serving as Chair of the Finance
Committee and as a member of their Audit, Risk Management and
Compensation and Pension Committees. He also previously served on
the Public Company Accounting Oversight Board's (PCAOB) Standing
Advisory Group.
President and CEO Karl Glassman
commented, "We are excited to welcome Jeff as our Chief Financial
Officer. He brings tremendous strategic and financial
capabilities, is well-aligned with our culture, and will be a
strong addition to Leggett's senior management team. Matt Flanigan will remain with the Company for a
period of time to assist with the transition. We would like to
again thank Matt for his many contributions to the success of
Leggett over the past 22 years and wish him and his family all the
best in his retirement."
FOR MORE INFORMATION: Visit Leggett's website at
www.leggett.com.
COMPANY DESCRIPTION: At Leggett & Platt
(NYSE: LEG), we create innovative products that enhance
people's lives, generate exceptional returns for our
shareholders, and provide sought-after jobs in communities
around the world. L&P is a 136-year-old diversified
manufacturer that designs and produces engineered products found in
most homes and automobiles. The Company is comprised of 15 business
units, 23,000 employee-partners, and 145 manufacturing facilities
located in 18 countries.
Leggett & Platt is the leading U.S.-based
manufacturer of: a) bedding components; b) automotive seat support
and lumbar systems; c) specialty bedding foams and private-label
finished mattresses; d) components for home furniture and work
furniture; e) flooring underlayment; f) adjustable beds;
g) high-carbon drawn steel wire; and h) bedding industry
machinery.
CONTACT: Investor Relations,
(417) 358-8131 or invest@leggett.com
Susan R. McCoy, Senior Vice
President of Investor Relations
Wendy M. Watson, Director of
Investor Relations
Cassie J. Branscum, Manager of
Investor Relations
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SOURCE Leggett & Platt