From Home Furnishing Business
Jeffrey Tate Joins Leggett & Platt as New CFO
Diversified manufacturer Leggett & Platt (NYSE: LEG) has announced the appointment of Jeffrey L. Tate to executive vice president and CFO, effective September 3, 2019.
Tate brings 27 years of senior-level finance, operating, and general management experience with The Dow Chemical Company, Midland, Mich.
In his most recent role, Tate served as vice president and business CFO for Dow's largest operating segment, Packaging & Specialty Plastics, with combined revenue of over $24 billion. As a member of the Portfolio Executive Management team, he drove financial discipline and provided financial counsel at the strategic and operational levels of the global business. Responsibilities included portfolio analysis, value-based strategy development, business risk analysis, short and long-term financial planning, performance measurement and analysis, and ensuring proper internal control. In prior roles, Tate served as chief audit executive leading Dow's global Internal Audit/Investigation activities and was also director of investor relations.
Tate is a certified public accountant, with a Bachelor of Science in Accounting from the University of Alabama. He is a member of the Board of Directors of TCF Financial Corporation (TCF), serving as chair of the finance committee and as a member of their Audit, Risk Management and Compensation and Pension Committees. He also previously served on the Public Company Accounting Oversight Board's (PCAOB) Standing Advisory Group.
"We are excited to welcome Jeff as our chief financial officer,” said Karl Glassman, president and CEO. “He brings tremendous strategic and financial capabilities, is well-aligned with our culture, and will be a strong addition to Leggett's senior management team. Matt Flanigan will remain with the company for a period of time to assist with the transition. We would like to again thank Matt for his many contributions to the success of Leggett over the past 22 years and wish him and his family all the best in his retirement."