NEOSHO, Mo. — Officials with La-Z-Boy Inc. plan on expanding the company’s Neosho plant and will request tax breaks to help pay for the new construction.

The Neosho Board of Education on Monday gave approval for Superintendent Jim Cummins to vote in favor of the tax breaks when the city’s Enhanced Enterprise Zone Committee meets and discusses the matter. That meeting has been set for July 20.

According to documentation from Grow Neosho provided to board members, La-Z-Boy has planned a $29.8 million construction project for its plant at 4301 Howard Bush Drive.

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• 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.

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MONROE, Mich., Feb. 18, 2021 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today announced that Raphael Richmond, Senior Director of Corporate Compliance and Employment Law, will succeed Stephen K. Krull as Vice President and General Counsel, effective April 25, 2021, concurrent with the company’s new fiscal year. She will also hold the role of Chief Compliance Officer. In a related move, Uzma Ahmad, Senior Director of Corporate Law and Assistant Secretary, has been appointed Vice President, Deputy General Counsel and Corporate Secretary, also effective on April 25, 2021. Krull previously announced his retirement and will work with Richmond and Ahmad to ensure a smooth transition.

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The behind-the scenes work to transform the former La-Z-Boy World Headquarters is expected to move quickly over the next few months.

The behind-the scenes work to transform the former La-Z-Boy World Headquarters is expected to move quickly over the next few months, according to City of Monroe officials.

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