2 Flexsteel Board Members to Retire

September 12, 2011  by in UnCategorized   

By Home Furnishings Business in Case Goods on September 13, 2011 Two long-time Flexsteel (NASDAQ: FLXS) board members plan to retire their positions in December.

Bruce Boylen and Tom Holloran will both step down at the December shareholders meeting.

Boylen joined the board in 1994 with an extensive background in the recreational vehicle industry and manufacturing operations. During his career with Fleetwood Enterprises, Boylen was involved in every aspect of development, manufacturing and management.

During his 17 years on the Flexsteel board, he served as a member of the nominating and compensation committee from 1994 through 2003; he served as chairman since 1995. He also was a member of the audit and ethics committee. He was named chairman of the board in 2000.

Holloran has been on the board for nearly 40 years, joining in 1971. He served on the company's audit and ethics committee since its beginning in 1976 and served as committee chairman through 2008. He also served on the nominating and compensation committee from 1982 through 2010. He has also been the company's lead independent director for nearly 20 years.

"Flexsteel has been very fortunate to have Bruce and Tom as trusted advisors for many years," said Ronald J. Klosterman, Flexsteel's president and CEO. "We will miss the guidance and counsel of Bruce and Tom. Our company is much stronger because of their insights, significant contributions and the consistent support that they have provided during their long tenures as directors."