Clift to Retire from Tempur-Pedic

January 14, 2013  by in UnCategorized   

By Home Furnishings Business in on January 15, 2013

Matthew Clift, executive vice president of global operations for bedding supplier Tempur-Pedic International (NYSE: TPX), is retiring.

A succession plan and search is already underway, and Clift will continue to lead the global operations team until the transition to a successor is completed.

Under Clift's leadership, the global operations team achieved significant successes through a relentless focus on customers, innovation, product development, cost and cash management, and managing growth of the company's IT and capacity infrastructure. "Matt's strategic vision, leadership, and focus on results combined with his practical hands-on approach make him an exceptional executive," Mark Sarvary, president and CEO of Tempur-Pedic. "The product development, cost improvement and supply chain enhancements he and his operations team have delivered have been key to the growth achieved by Tempur-Pedic in recent years. We are saddened to see him leave the company but we wish him and his family all the best during his retirement."

Prior to joining Tempur-Pedic International Inc. in December 2004,  Clift was vice president and general manager of the consumer printer division for Lexmark International and was employed by the company for 13 years. Before joining Lexmark in 1991, Clift held several management positions in research and development and manufacturing for IBM over the course of his 10-year employment with the company.