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Tempur Sealy hires Scott Thompson as president & CEO
10
Sep '15
Tempur Sealy International, Inc., US-based leading bedding provider, has announced that its Board of Directors has named Scott L. Thompson as the Company's next chairman, president and chief executive officer, effective immediately.

Thompson's appointment follows an extensive search conducted by the Tempur Sealy Board and was overseen by the Board's CEO search committee. He has more than two decades of executive leadership experience, most recently as chairman, president and chief executive officer of Dollar Thrifty Automotive Group, Inc. Under Thompson's leadership, Dollar Thrifty achieved best-in-class operating margins and earnings growth resulting in significant returns for shareholders, according to a press release.

Frank Doyle, chairman of the Board said, “After a comprehensive search process, the Board is very pleased to name a talented and highly qualified individual of Scott's calibre to lead Tempur Sealy. Scott is a world-class operator with a history of strategic focus and developing high-performance teams. We are confident that his expertise in these key areas will add significant value to Tempur Sealy.”

In connection with the appointment of Thompson, current chairman Frank A. Doyle will assume the role of lead director, and interim CEO W. Timothy Yaggi will continue in his role of chief operating officer.

Thompson said, “Tempur Sealy is an outstanding company with iconic global brands and a talented and dedicated team. I am honoured by the Board's confidence in me as the next leader of this great company and I look forward to working with Tim and the entire management team to build upon Tempur Sealy's strategy and drive profitable long-term growth for the benefit of all our stakeholders.”

Thompson presently serves as a member of the Board of Directors for Asbury Automotive Group, Inc., Houston Wire and Cable Co. and Conn's, Inc. He earned a Bachelor of Business Administration degree from Stephen F. Austin State University in Nacogdoches, Texas.

Tempur Sealy International, Inc. develops, manufactures, and markets, mattresses, foundations, pillows and other products. (GK)

Fibre2Fashion News Desk – India

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