TOANO, VA -- Lumber Liquidators last week announced that Robert M. Lynch unexpectedly notified the Company of his resignation as the Company's President and Chief Executive Officer. The Company intends to commence a national search for Mr. Lynch's replacement. In the interim, Thomas D. Sullivan, the Company's Founder, will serve as the acting chief executive officer of the Company.
The Company also announced today that John M. Presley, the Company's lead independent director, has been appointed as non-executive chairman of the board of directors. Both appointments are effective immediately. The board of directors also accepted Mr. Lynch's resignation as a director of the Company.
Mr. Sullivan said, "I am really proud of the LL Team and I look forward to working with them and providing our customers with the best hardwood floors at the best prices as we have since I founded the Company over 20 years ago."
About Lumber Liquidators
With more than 355 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The Company features more than 400 top quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators' low priced product, much of which is in stock and ready for delivery.