Long-time FBI Board Member to Resign

June 4, 2006  by in UnCategorized   

By Home Furnishings Business in on June 2006 Donald Lasater has offered his resignation as a member of the board of directors of Furniture Brands International, effective May 27.

Lasater, retired chairman of the board and chief executiver officer of Mercantile Bancorportation, has been a FBI director and its predecessor INTERCO since 1970. During his tenure, he has served the board in a variety of capacities, including extended service as chairman of the executive compensation and stock option committee, and more recently as chairman of the governance and nominating committee.

“Don indicated to me a desire to retire from the board several months ago, but he agreed to stay on until we were further along in our current search for new directors,” said Mickey Holliman, chairman and chief executive officer of Furniture Brands. “That search is now nearing conclusion, and Don has determined to move forward with his plans.”

In a letter to Holliman, Lasater said, “I shall greatly miss working with you and our fellow directors, but, as you know, there is a time to stay and a time to go; after 36 years this is my time to go.”