Ballantyne Named CFO For Magnussen Home

May 28, 2007  by in UnCategorized   

By Home Furnishings Business in Case Goods on May 2007 Bruce Ballantyne has been named chief financial officer for Magnussen Home Furnishings.

A member of the company’s senior management team, Ballantyne reports to Richard Magnussen, chief executive officer and president of Magnussen Home.

As part of his new responsibilities, Ballantyne will oversee the company’s corporate assets, as well as provide financial decision making to ensure improvement in the company’s profits.

“Bruce has a broad understanding of the furniture business and a great analytical mind,” Magnussen said. “Although his title is CFO, he brings a big picture perspective of the industry to every decision we make and is an invaluable resource to our company on many levels other than just finance.”

Ballantyne joined Magnussen Home in 1988 as vice president, finance and administration, where he guided the company’s first corporate computer system implementation and helped lead the company’s expansion into U.S. markets. In his role as vice president, he developed the company’s human resources department across all locations, and created a company profit-sharing plan. Ballantyne also championed several critical company systems, including the sales and operations planning system, the business intelligence reporting system, and the company’s Balanced Scorecard strategic planning program.

Prior to joining Magnussen Home, Ballantyne was the corporate controller for Roxton Furniture Ltd.