Flexsteel opens new Innovation Center to focus on furniture design, collaboration

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Friday, 23 April, 2021

A space in the Millwork District’s Schmid Innovation Center now houses a place for designers to collaborate on furniture designs.

Designers with Flexsteel Industries began working last week in the company’s new Innovation Center, 900 Jackson St., less than a mile from the company’s headquarters in the Port of Dubuque. The design team uses the space to test out furniture and design prototypes that meet current customer trends.

Read full article here: (Telegraph Herald)

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La-Z-Boy inks long-term renewable energy deal with AEP Energy Partners

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Thursday, 22 April, 2021

  • La-Z-Boy (LZB -0.5%) finalized a 10-year resource-backed virtual power purchase agreement extending through the end of 2030, with AEP Energy Partners, energy subsidiary of American Electric Power.
  • The company’s VPPA will support ~70K MWh of renewable energy annually, from AEP’s principally owned Santa Rita East wind energy center in Irion County, Texas, throughout the agreement term.
  • La-Z-Boy will receive renewable energy certificates equivalent to ~16 MW of wind power capacity representing more than 90% of its current total annual domestic energy consumption.
Read full article here: (Seeking Alpha)

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Herman Miller Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Herman Miller, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – MLHR

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Monday, 19 April, 2021

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Herman Miller, Inc. (NASDAQ: MLHR) and Knoll, Inc. is fair to Herman Miller shareholders. Under the terms of the merger, Knoll shareholders are expected to receive a combination of cash and Herman Miller stock. Upon completion of the transaction, Herman Miller shareholders will own approximately 78% of the combined company.

Read full article here: (Yahoo Finance)

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Jim Keane, President and CEO of Steelcase Inc., Announces Retirement

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Monday, 19 April, 2021

Sara Armbruster to Become President and Chief Executive Officer, Effective October 4, 2021

GRAND RAPIDS, Michigan; April 19, 2021 – Steelcase Inc. (NYSE: SCS) President and CEO Jim Keane, announces he will be retiring on January 7, 2022, after 25 years with the company, including more than seven years as CEO. Keane will remain President and CEO until October 4, 2021, at which time he will become vice chair and will serve in that role until his retirement from the company.

Read full article here: (STEELCASE)

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Herman Miller and Knoll to Combine, Creating the Preeminent Leader in Modern Design, Catalyzing the Transformation of the Home and Office

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Monday, 19 April, 2021

Herman Miller, Inc. (NASDAQ: MLHR) and Knoll Inc. (NYSE: KNL) today announced that they have entered into a definitive agreement under which Herman Miller will acquire Knoll in a cash and stock transaction valued at $1.8 billion. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by the end of the third quarter of calendar year 2021, subject to the satisfaction of closing conditions.

Read full article here: (GLOBE NEWSWIRE)

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Steelcase leader Jim Keane to retire; Sara Armbruster named company’s 10th CEO

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Monday, 19 April, 2021

GRAND RAPIDS — Global furniture maker Steelcase Inc. announced today its timeline for a transition at the company’s top executive role.

Jim Keane, who has served the Grand Rapids-based company as president and CEO for the last seven years and has been with the company for a total of 25 years, will retire on Jan. 7, 2022.

Read full article here: (MiBiz)

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Herman Miller Acquires Knoll for $1.8 Billion

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Monday, 19 April, 2021

During what is an already unique time for the office-furniture market comes a splashy move from major player Herman Miller.

Today, Herman Miller announced its $1.8 billion acquisition of Knoll Inc., one of its leading competitors in the design, manufacturing, and retailing of office and home furniture. The move is a cash-and-stock deal, with Knoll shareholders receiving the equivalent of $24.18 per share in the form of $11 in cash and 0.32 of a Herman Miller share, according to Bloomberg.

Read full article here: (Architectural Digest)

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Teknion CIO on the importance of fostering multi-generational talent

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Friday, 09 April, 2021

Ahead of the Women in IT Summit USA, Information Age spoke to John Comacchio, senior vice president and CIO at Teknion, about the importance of fostering multi-generational talent.

John Comacchio, senior vice president and CIO at Teknion, will be taking part in a panel session, focusing on the importance of fostering multi-generational talent, during the Women in IT Summit USA 2021 on the 28th April.

Read full article here: (Information Age)

Knoll Inc (KNL) gains 2.14% for April 08

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Thursday, 08 April, 2021

Knoll Inc (NYSE: KNL) shares gained 2.14% to end trading Thursday at $16.70 per share – a net change of $0.35. Shares traded between $16.71 and $16.13 throughout the day.

338752 shares of Knoll Inc exchanged hands.

Visit Knoll Inc’s profile for more information.

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Herman Miller joins the Future Forum to redesign work at home and in the office

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Tuesday, 06 April, 2021

ZEELAND, Mich., April 6, 2021 /PRNewswire/ — Herman Miller (NASDAQ: MLHR), the globally recognized leader in furniture and office design, is joining the Future Forum, the Slack-backed consortium that’s helping executives at leading companies deliver on the transformation needed to thrive in the post-pandemic world.

Read full article here: (CISION PR Newswire)

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