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From Home Furnishing Business

Boone, Townsend Named Co-Presidents of Home Meridian

Lee Boone and Douglas Townsend have been named co-presidents of the Home Meridian International (HMI) operating unit of Hooker Furniture Corporation (NASDAQ: HOFT).

Their appointments follow the announcement by George Revington that he will retire from his position as COO of Hooker Furniture and as president of Hooker subsidiary HMI, effective June 1, 2018.

Both Townsend and Boone will be responsible for the overall top and bottom line results of the company, but each will have a distinct focus for their responsibilities.

Boone will oversee the original operating divisions of the company that serve traditional retail channels: Samuel Lawrence Furniture, Pulaski, and Prime Resources. He also will have responsibility for overseeing HMI’s marketing and sales.

Townsend will oversee the operating divisions that focus on emerging channels of distribution such as e-commerce, warehouse clubs, and hospitality: Accentrics Home, the Clubs Division, and  Samuel Lawrence Hospitality. In addition, Townsend will have responsibility for overseeing company operations in the U.S. and Far East.

Both report to Paul Toms, chairman and chief executive officer.

“We are pleased to announce the promotion of Lee Boone and Doug Townsend to co-presidents of HMI,” Toms said. “Both have a strong, proven track record of leadership, and they complement each other extremely well with their skill sets and experience. We are excited for them to have this opportunity, and are confident they’ll do an excellent job of leading HMI today and into the future.”



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