Ethan Allen Launches CEO Search Amid Activist Pressure and Tenure Concerns
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- Developments
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- Repetition
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New informationRepeats or wire copies
What happened
Ethan Allen announced it has begun a search for a new Chief Executive Officer to succeed Farooq Kathwari, who has served as the company's leader for nearly 40 years. The board is considering both internal and external candidates, and Kristine Miller was nominated for the role. The company stated the new CEO must be announced no later than June 30, 2027, the date of Kathwari's contract expiration.
From retaildive.com, abcnews.com
Why it matters
The leadership transition follows pressure from activist investor Doug Bergeron, who owns about 5% of the company and called the company's recent performance disappointing. Bergeron had pushed for a board overhaul, including the replacement of Kathwari as CEO.
Farooq Kathwari was appointed Chairman, President, and CEO of Ethan Allen on July 31, 2025.
From retaildive.com
Who's involved
- Ethan AllenAmerican furniture chain undergoing leadership transition
- Farooq KathwariCurrent Chairman, President, and CEO of Ethan Allen
- Kristine MillerNominee for the CEO search at Ethan Allen
How it developed
Newest first. Tap a step to see who reported it.- An activist investor has emerged to challenge the board's handling of the CEO succession plan at Ethan Allen.Sub-event
Miller nominated for CEO search amid discussion of succession plan at Ethan Allen.1 source
Ethan Allen began a CEO search to replace its longtime leader.1 source
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The entities involved
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Ethan Allen
American furniture chain
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Farooq Kathwari
American businessman
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