ATLANTA - Haverty (NYSE:HVT) Furniture Companies, Inc. (NYSE:HVT) (NYSE:HVT.A) has announced the nomination of Natalie B. Morhous, CEO of RaceTrac, Inc., to stand for election to its board of directors at the upcoming annual meeting of stockholders scheduled for May 6, 2024.
Morhous, who has led RaceTrac as CEO since January 2024 and served as its president since February 2019, is set to bring her extensive retail and leadership experience to the Havertys board.
Morhous's tenure at RaceTrac saw her guiding the company through the challenges of the COVID-19 pandemic, overseeing its expansion into new markets, and the successful acquisition of Gulf Oil, LLC.
Her leadership roles within RaceTrac's family of companies, including as vice president and executive director of strategy and solutions, have equipped her with a skill set that Havertys' chairman and CEO Clarence H. Smith believes will be an asset to the furniture retailer's board.
The nomination of Morhous comes as Mylle H. Mangum, a long-serving member of Havertys' board since 1999, prepares to retire in accordance with the company's policy regarding director tenure. Mangum's retirement marks the end of a significant period of service, including two decades as chair of the nominating, compensation, and governance committee.
Havertys, a full-service home furnishings retailer founded in 1885, operates 124 showrooms across 16 states in the Southern and Midwestern United States. The company prides itself on offering a range of quality merchandise in the middle to upper-middle price segments.
The addition of Morhous to the board is expected to complement Havertys' commitment to its customers and team members, reflecting a shared retail focus between Havertys and RaceTrac.
The forthcoming annual meeting will see Morhous standing for election alongside the current directors of Havertys, excluding Mangum. This board refresh is part of the company's ongoing governance process, aiming to maintain a dynamic and strategic leadership team.
This report is based on a press release statement from Haverty Furniture Companies, Inc.
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