Corsicana’s Michael Thompson Resigns as CEO

March 20, 2022  by Laurie Northington in Business Strategy, Industry   

Joining the company in August of 2018, Thompson successfully repositioned the producer of value priced mattresses into a leading industry innovator and is credited for the company’s acquisition of Symbol Mattress in 2021. Among his accomplishments, Thompson recruited an outstanding management team, drove revenue growth in underperforming channels and markets, led Corsicana’s entry into the direct-to-consumer market and invested capital to transform manufacturing.

“I am so proud of the senior leadership team, our people, and the partnerships we have with our customers, all of whom enabled us to transform Corsicana into a stronger and more innovative company. The Corsicana team executed an unprecedented and rapid transformation of the company in a very challenging business environment,” said Thompson. “The decision to depart was not easy. I began thinking of the next chapter in my life around the holidays and decided that with the transformation largely completed, this was the right time for me to exit.”

“Mike has driven Corsicana to new heights during his tenure and his many achievements are well documented. He has decided that now is the right time to step down, and while we are all sorry to see him leave, we wish him and his family nothing but the very best in all his future endeavors,” said Matthew Kahn, lead director of the Corsicana board. “We have an exceptional senior leadership team that will continue to lead our people and work with our customers as we address a new CEO in short order.”