Select Comfort Names New CFO

May 9, 2011  by in UnCategorized   

By Home Furnishings Business in Bedding on May 10, 2011

Select Comfort Corp. (NASDAQ: SCSS) today has named Wendy Schoppert chief financial officer.

Schoppert reports to Bill McLaughlin, president and chief executive officer, and her appointment is effective June 6. Schoppert succeeds Jim Raabe, who is leaving the company to become CFO at Lindsay Corp. (NYSE: LNN), a provider of irrigation systems and infrastructure products.

Schoppert joined Select Comfort in 2005. During her time at the company, Schoppert has served in a variety of senior-level leadership positions, including her recent role as CIO. Notably, as CIO, Schoppert contributed to the company's turnaround by leading the restructuring of the IT function. Prior to becoming CIO in 2008, Schoppert was senior vice president leading the company's international business. Schoppert also held the position of senior vice president and general manager of new channel development and strategy.

"We are fortunate to have an executive with Wendy's proven versatility on our management team, and I am pleased she has agreed to assume the role of CFO," said McLaughlin. "Wendy has a deep understanding of the company, which, combined with her strong financial background, will serve Select Comfort well. I look forward to working closely with Wendy in her new role as the team continues to deliver profitable growth and enhance value for our shareholders."

Before joining Select Comfort in 2005, Schoppert led various departments within U.S. Bancorp Asset Management. Prior to that, Schoppert held a variety of finance and general management positions within the airline industry, including leadership roles in financial planning and analysis, investor relations and strategic planning.

"I would like to sincerely thank Jim for his significant contributions to Select Comfort during his 13-year tenure with the company," McLaughlin said. "In addition to his strong overall leadership of the finance function, Jim was an integral partner in helping us achieve the solid financial position that we enjoy today. I have greatly valued Jim's guidance and counsel, and on behalf of the board and management, I wish him the best."