– USA, IA – Flexsteel Industries, Inc. (NASDAQ: FLXS), one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, today announced the election of Jeanne McGovern to its board of directors, effective September 30, 2022.
“I’m honored to welcome Jeanne to our board of directors. Her expertise in mergers and acquisitions, corporate governance, strategic business model transformation, financing transactions, and other risks facing multinational companies will be invaluable as we execute our plan to better serve our customers, generate profitable growth, and improve shareholder returns. Jeanne’s background and experience gives us confidence that she will be a great addition to our board,” said Board Chairman, Tom Levine.
Jeanne McGovern will also join the Audit & Ethics Committee.
The Company also announced the retirement of Eric Rangen from the Board at the December 2022 board meeting.
About Jeanne McGovern
Jeanne McGovern is a retired partner of Deloitte & Touche LLP, an international firm that provides audit, consulting, financial advisory, risk management, and tax services. During her tenure from 1980 to 2020, she had leadership responsibilities over audits of global companies in a wide range of industries and demonstrated expertise in financial reporting and internal controls. She also has significant experience with strategic acquisitions and divestitures, initial public offerings, and debt financing and refinancing transactions. Ms. McGovern is a director and chair of the audit committee and member of the nominating and corporate governance committee of Huntsman Corporation, a Fortune 500 specialty chemical manufacturer headquartered in Houston, Texas. Ms. McGovern has also served on several not-for-profit boards.
Ms. McGovern has a BA in Accounting from Syracuse University. She is a member of the American Institute of Certified Public Accounting and the Washington Society of Certified Public Accountants and is a Certified Public Accountant in Massachusetts and Washington.
About Flexsteel
Flexsteel Industries, Inc., and Subsidiaries is one of the largest manufacturers, importers, and marketers of residential furniture products in the United States. Product offerings include a wide variety of furniture such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture. A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which the name “Flexsteel” is derived. The Company distributes its products throughout the United States through its e-commerce channel and direct sales force.
For more information: https://www.flexsteel.com/
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