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From Home Furnishing Business
Tempur Sealy CEO and Board Members Donate Salary and Fees to Company Foundation
April 7,
2020 by Laurie Northington in Business Strategy, Industry 
Tempur Sealy International, Inc. (NYSE: TPX) has announced that Scott Thompson, chairman and CEO, has pledged to contribute his remaining 2020 net base salary to the Tempur Sealy Foundation, which generally supports children and families in need. The company's board of directors is also forgoing board fees to contribute to the foundation.
Other executives of the company have also volunteered to contribute a portion of their base salaries to support the cause.
"The board and leadership have joined me in pledging personal resources to provide critical funds to charitable organizations," Thompson commented. "I am proud to work with such a community-oriented board, executive team and employee workforce. "We are thankful for the opportunity to give back to communities through working with charities who are providing assistance to children in need and their families during this unprecedented time."
Additionally, the company continues its company-wide efforts to provide critical products and services to combat COVID-19. Tempur Sealy is the largest mattress manufacturer in the world and is utilizing its extensive operations and expertise to manufacture medical grade mattresses and other products for use by medical professionals in the fight against COVID-19.
Specifically, Tempur Sealy has developed specialized products and is manufacturing mattresses, medical grade foams used in medical equipment, and other related products that will be used in hospitals and medical facilities during this time of crisis. The company is actively engaged with numerous government and healthcare organizations to assess the product need and timing of each unique situation. As a designated critical vendor in support of medical needs, the company is focused on doing its part during the crisis.