Home / Knowledge / News / Textiles / Select Comfort appoints Jean-Michel Chairman of Board
Select Comfort appoints Jean-Michel Chairman of Board
20
May '10
Select Comfort Corporation announced that Jean-Michel Valette has been appointed chairman of the board of directors.

Valette, who has been a member of Select Comfort's board of directors for more than 15 years, has served in executive and director roles for several companies across different industries. Currently, Valette is the chairman of Peet's Coffee and Tea, Inc., and a director on the board of The Boston Beer Company. Previously, Valette was the non-executive chairman of the Robert Mondavi Winery as well as the company's president and managing director. Valette also has been an independent adviser for branded consumer companies for more than 10 years.

Valette will continue to serve as a member of the board's audit committee. He succeeds Ervin R. Shames, who will continue as a member of Select Comfort's board.

"We are pleased that Jean-Michel has accepted the position as chairman at such an exciting time in the company's history," said William R. McLaughlin, president and CEO, Select Comfort. "His extensive experience as a senior executive and director for multiple national branded consumer companies will bring strong benefits to Select Comfort as we continue to capitalize on our unique brand and competitive advantages to achieve long-term growth and value creation for shareholders. I also want to personally thank Erv for his invaluable insight, leadership and counsel during his combined five years as board chair."

In other business, shareholders approved the election of David T. Kollat and William R. McLaughlin to three-year terms as directors during the company's annual meeting of shareholders, held at the Radisson Plaza Hotel in Minneapolis earlier. In addition, shareholders approved the company's 2010 omnibus incentive plan, adopted plurality voting in the event of a contested election of directors, and ratified the appointment of Deloitte & Touche, L.L.P., as the company's independent accounting firm for the fiscal year ending January 1, 2011.

Founded more than 20 years ago and based in Minneapolis, Select Comfort Corporation designs, manufactures, markets and supports a line of adjustable-firmness mattresses featuring air-chamber technology, branded the Sleep Number bed, as well as foundations and bedding accessories. SELECT COMFORT products are sold through its approximately 400 company-owned stores located across the United States; select bedding retailers; direct marketing operations; and online.

Select Comfort Corporation

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search