June 6, 2023


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La-Z-Boy Announces Modifications to Authorized and Finance Groups NYSE:LZB

MONROE, Mich., Feb. 18, 2021 (Globe NEWSWIRE) — La-Z-Boy Included (NYSE: LZB), a international leader in residential household furniture, nowadays announced that Raphael Richmond, Senior Director of Company Compliance and Employment Law, will be successful Stephen K. Krull as Vice President and Common Counsel, effective April 25, 2021, concurrent with the company’s new fiscal 12 months. She will also hold the role of Main Compliance Officer. In a associated move, Uzma Ahmad, Senior Director of Corporate Legislation and Assistant Secretary, has been appointed Vice President, Deputy Common Counsel and Corporate Secretary, also successful on April 25, 2021. Krull earlier declared his retirement and will function with Richmond and Ahmad to assure a easy changeover.

As the Company’s Basic Counsel and Main Compliance Officer, Richmond will be La-Z-Boy’s chief authorized officer, dependable for managing the over-all legal and compliance features for the corporation. Ahmad will be responsible for corporate and securities regulation for the company, reporting to Richmond, whilst also operating closely with the La-Z-Boy Board of Administrators on corporate governance issues.

Kurt L. Darrow, Chairman, President and Chief Government Officer of La-Z-Boy Incorporated, explained, “Since joining La-Z-Boy in 2019, Raphael has been accountable for litigation and work issues as perfectly as foremost the company’s all round compliance attempts. She is a substantial-caliber authorized government with a wealth of practical experience and will go on to provide the organization well in her new part. Above the earlier two many years, Uzma has taken care of securities legislation issues for La-Z-Boy even though operating intently with the senior leadership group and Board of Administrators on disclosure and corporate governance issues. In my part as Chairman of the Board, I look ahead to continuing to get the job done with Uzma and benefiting from her major experience and clever counsel as she becomes Corporate Secretary. The two lawyers will make important contributions in their new roles.”

The firm also announced moves in the Finance and Accounting area that will be efficient at the starting of the Fiscal 2022 calendar year, concurrent with Robert G. Lucian assuming the Main Economic Officer job. Lindsay Barnes, Vice President, Corporate Controller, Main Accounting Officer and Treasurer, will turn out to be Vice President, Finance and Treasurer, succeeding Lucian, and retaining the position of Treasurer. In addition, Jennifer McCurry, Director of Financial Reporting, has been appointed Vice President, Corporate Controller and Main Accounting Officer, succeeding Barnes.

In Barnes’ new purpose, reporting to Lucian, she will be dependable for primary all economic planning, forecasting, budgeting, and investigation to bolster business enterprise procedures across the finance workforce and business. McCurry, who will also report to Lucian, will guide the corporate accounting perform and be accountable for location international accounting coverage. In addition, she will oversee the company’s exterior financial statement audit, implementation of new accounting specifications and regulatory compliance.

Melinda D. Whittington, Main Fiscal Officer, claimed, “Since becoming a member of La-Z-Boy in 2011 as Director of Economic Reporting, Lindsay has taken on raising ranges of obligation. She has created sizeable contributions to the company and this shift will develop her knowledge and fiscal abilities whilst giving extra chances to improve finance and organization processes across the enterprise. Jen joined La-Z-Boy in 2019 and has shown good acumen in the financial reporting arena and will very easily changeover into her new purpose with expanded duties.”

About Raphael Richmond
Raphael Richmond joined La-Z-Boy in April 2019 as the Senior Director for Company Compliance and Work Regulation, with obligation for the company’s ethics and compliance method, work legislation counseling, and work and professional litigation. Richmond brings a prosperity of expertise, with much more than 20 decades in the automotive industry specializing in employment law, complicated litigation, corporate and securities regulation, corporate investigations, and ethics and compliance. As company and securities counsel for Ford Motor Company, Richmond was liable for the company’s money disclosures during the 2008 monetary crisis in 2013, she was promoted to the purpose of World Director of Compliance. In that function, she formulated innovative ethics and compliance coaching for Ford that appreciably enhanced worker engagement, and became a frequent presenter at ethics and compliance conferences. Richmond is a member of the federal bar for the Japanese District of Michigan, and Condition Bar of Michigan. She received her undergraduate diploma with best distinction from the College of Michigan, and is a cum laude graduate of the College of Michigan Legislation Faculty.

About Uzma Ahmad
Uzma Ahmad at the moment serves as La-Z-Boy’s Senior Director of Company Legislation and Assistant Secretary, a purpose she has held considering that joining the firm in April 2019. She has duty for lawful matters similar to company governance, securities and public company regulatory compliance, benefit and executive payment ideas administration, and treasury and international industrial matters. Prior to signing up for La-Z-Boy, she was the Vice President, Deputy Basic Counsel and Assistant Secretary of Con-way Inc., a Fortune 500 transportation and logistics firm. In that job, she encouraged the board of directors and government staff on corporate and securities legislation issues, including Con-way’s $3 billion acquisition by XPO Logistics, Inc. Previously in her occupation, Ahmad practiced as a corporate and securities attorney at Dechert LLP and Dykema Gossett PLLC and taught a securities regulation seminar as an Adjunct Professor at University of Michigan Law Faculty. Ahmad gained a bachelor’s diploma cum laude from Harvard University and a juris physician cum laude from Harvard Law College.

About Lindsay Barnes
Lindsay Barnes joined La-Z-Boy in 2011 and has held roles of growing obligation. She presently serves as Vice President, Company Controller, Main Accounting Officer and Treasurer, wherever she is govt chief of organization-wide accounting, treasury, and shared services capabilities and is right accountable for accounting guidelines and strategies, compliance with U.S. GAAP, Sarbanes-Oxley internal handle layout, income and investment decision management, and insurance policy threat management. She joined La-Z-Boy from Borders Team, Inc., exactly where she was Director – Assistant Controller. Prior to that she held auditor roles at PwC and Arthur Andersen. She is a magna cum laude graduate of Jap Michigan University, where she earned a bachelor’s diploma in small business administration and accounting, and is a Certified Community Accountant.

About Jennifer McCurry
Jennifer McCurry joined La-Z-Boy in 2019 as Director of Monetary Reporting exactly where she is dependable for complex accounting analysis, consolidation of monetary success, external economic reporting to the SEC, interior monetary reporting to govt administration, and leadership of the corporate accounting group. Prior to signing up for La-Z-Boy, she was Director of External Reporting at Flagstar Bancorp, Inc. and, ahead of that, was with the Ford Motor Firm in multiple roles of expanding obligation in the Finance & Accounting group. McCurry gained her bachelor’s diploma in finance from Grand Valley State College and a master’s diploma in accounting from the University of Michigan – Dearborn.

Cautionary Note Regarding Ahead-Hunting Statements

This information release is made up of “forward-looking” statements within the that means of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements can be recognized by the reality that they do not relate strictly to historical or current points. Frequently, ahead-seeking statements include details regarding anticipations, projections or trends relating to our effects of functions, monetary effects, economical problem, strategic initiatives and strategies, fees, dividends, share repurchases, liquidity, use of hard cash and money needs, borrowing potential, investments, long run economic overall performance, business enterprise, and industry and the outcome of the novel coronavirus (“COVID-19”) pandemic on our small business operations and fiscal outcomes.

The ahead-seeking statements in this press launch are based mostly on sure assumptions and currently readily available facts and are issue to various dangers and uncertainties, quite a few of which are unforeseeable and further than our regulate, this sort of as the continuing and establishing effect of, and uncertainty caused by, the COVID-19 pandemic. More hazards and uncertainties that we do not presently know about or that we at this time look at to be immaterial may well also impact our business enterprise functions and monetary outcomes. Our precise future results and traits might differ materially depending on a wide range of factors, which includes, but not confined to, the pitfalls and uncertainties talked over in our fiscal 2020 Annual Report on Variety 10-K and other components determined in our reports submitted with the Securities and Trade Fee. Presented these risks and uncertainties, you ought to not rely on forward-wanting statements as a prediction of precise results. We are which includes this cautionary notice to make applicable and choose edge of the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995 for ahead-on the lookout statements. We undertake no obligation to update or revise any forward-searching statements, irrespective of whether as a consequence of new info, long run events or for any other motive.

Added Details

This news launch is just just one part of La-Z-Boy’s monetary disclosures and should be read in conjunction with other information filed with the Securities and Exchange Fee, which is obtainable at: https://lazboy.gcs-internet.com/monetary-data/sec-filings. Investors and other folks wishing to be notified of potential La-Z-Boy information releases, SEC filings and quarterly trader conference calls might indication up at: https://lazboy.gcs-world wide web.com/.

Qualifications Information and facts

La-Z-Boy Integrated is a single of the world’s primary residential home furnishings producers, internet marketing household furniture for just about every room of the house. The Wholesale phase incorporates England, La-Z-Boy, American Drew®, Hammary®, and Kincaid®. The company-owned Retail segment contains 158 of the 351 La-Z-Boy Furnishings Galleries® retailers. Joybird is an e-commerce retailer and producer of upholstered home furnishings.

The corporation’s branded distribution network is focused to advertising La-Z-Boy Incorporated merchandise and brand names, and includes 351 stand-by yourself La-Z-Boy Household furniture Galleries® merchants and 563 unbiased Comfort Studio® spots, in addition to in-shop gallery programs for the company’s Kincaid and England running units. Further details is out there at http://www.la-z-boy.com/.

Kathy Liebmann
(734) 241-2438