Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Select Comfort Names COO Shelly Ibach To Succeed CEO Bill McLaughlin

Select Comfort Corp. (SCSS: Quote) Monday announced that its chief operating officer Shelly Ibach will succeed Bill McLaughlin as president and chief executive officer, effective June 1, 2012.

Ibach has also been appointed to the board, effective immediately. As part of the succession, McLaughlin will retire as a director of the board, effective June 1, 2012.

"Select Comfort is committed to setting a new standard in sleep for the consumer. This transition in leadership underscores the board's confidence in both the magnitude of the opportunity and the strength of the operating team," explained Jean-Michel Valette, chairman, Select Comfort Board of Directors.

"I'm excited to assume leadership of the company during such an important time in our evolution," said Ibach.

Click here to receive FREE breaking news email alerts for Select Comfort Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Cloud-based human resource software maker Workday, Inc. said Monday after the markets closed that its third quarter net loss widened from last year, as higher costs and expenses more than offset a 68% increase in revenue. However, the company's adjusted loss per share was smaller than what analysts estimated and its quarterly revenue topped analysts' forecast. This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.