Stanley Shifts Operations Management

May 16, 2010  by in UnCategorized   

By Home Furnishings Business in Executive Changes on May 17, 2010 Stanley Furniture Company Inc. (NASDAQ: STLY), Stanleytown, Va., announced a restructuring of operations management Wednesday, naming Bob Harold to the new position of vice president of domestic operations; and promoting Larry Hagwood to operations manager for  both the Stanleytown and Martinsville, Va., facilities.

The moves are part of a restructuring after Stanley's decision to source most adult furniture overseas.

Previously, Harold was responsible for operations in the company's two Virginia facilities. He now is accountable for all domestic operations including the Robbinsville, N.C. facility--where the vast majority of the company's Young America product line is manufactured--as well as all domestic purchasing efforts.

"With the company's restructuring underway, we need one person tying together all domestic efforts," said Glenn Prillaman, Stanley Furniture's President & CEO. "Without a doubt, Bob Harold is the man for the job."

Before joining Stanley Furniture last November, Harold's 25-plus year industry career includes stints at American of Martinsville and Hooker Furniture, where he had ultimate responsibility over Hooker's Roanoke facility.

In addition, company veteran Larry Hagwood will assume new responsibilities in the company's restructuring plan. After joining Stanley Furnitureʼs marketing department in 1972, Hagwood's role included working with showroom and photography samples. Over the past 38 years, Larry has held various positions of increasing responsibility including scheduling, engineering, sample production and manufacturing support. In October of 2008, Larry was promoted to his most recent position as manufacturing support manager.

In his new role, Larry will work opposite Sam Grimes, vice president of operations-Robbinsville, heading up operations for the company's Stanleytown and Martinsville facilities.

"Anyone who has ever had the pleasure of working with Larry recognizes his overwhelmingly infectious 'can do' attitude," said Prillaman. "Larry is the right person at the right time for our Stanleytown and Martinsville facilities, and he is an excellent complement to Sam in Robbinsville."

Both Hagwood and Grimes, as well as Domestic Purchasing Manager Peggy Krebser, will report to Bob Harold. Bob will continue to report to Glenn Prillaman.