Daily News
From Home Furnishing Business
Brown Jordan Announces Retirement of Pres. & CEO Gene Moriarty
May 11,
2023 by HFBusiness Staff in Business Strategy, Industry
Brown Jordan Inc. announced that after 18 years of distinguished service, Gene J. Moriarty will be retiring later this year as president and chief executive officer. BJI is a portfolio company of Littlejohn & Co., a private investment firm based in Greenwich, CT.
Through a portfolio of six brands, during Mr. Moriarty’s tenure, BJI emerged as a leading designer, manufacturer and marketer of indoor and outdoor furniture serving both commercial and consumer markets. His leadership, operating expertise, and business acumen have effectively positioned the Company for a new phase of growth.
“On behalf of the Board, I want to thank Gene for his countless contributions to Brown Jordan, which span nearly two decades,” said Michael Klein, chief executive officer of Littlejohn.
"Gene has been a strong and transparent leader of the Company, and thanks to his stewardship, BJI is poised for a seamless transition and continued success.”
Early in his tenure, Mr. Moriarty negotiated a critical recapitalization of the business that positioned the Company for strong and profitable growth coming out of the Great Recession.
Among Mr. Moriarty’s many accomplishments, include introducing several award-winning collections, establishing partnerships with several leading designers, expanding and modernizing the Company’s manufacturing footprint, and opening four new retail showrooms in major markets including Brown Jordan’s new flagship showroom in New York and soon to open Chicago flagship.
Mr. Moriarty helmed the successful integration and growth of two key acquisitions: Tropitone Furniture in 2014 and Castelle in 2019. Both of these acquisitions strengthened BJI’s residential and commercial businesses, broadened its manufacturing footprint, and added significant talent to the Company.
“Leading Brown Jordan for the past 18 years has been the honor of my career,” said Mr. Moriarty. “With BJI well-positioned for its next chapter of growth, now is the right time for me to pass the baton. I look forward to exploring several exciting new endeavors.”
Mr. Moriarty remains an equity shareholder of BJI and is committed to the long-term success of the Company. To that end, he has agreed to remain CEO until a successor is in place and in an advisory capacity through the end of the year to help ensure a smooth transition.