DUBUQUE, Iowa — Furniture giant Flexsteel Industries has restructured its leadership team, promoting two executives from within, and naming a new president and chief financial officer

Effective January 10, 2024, Michael Ressler was promoted to Chief Financial Officer, Treasurer and Secretary of the company. Flexsteel 

Ressler has over seventeen years of experience with Flexsteel and has held a variety of cross functional leadership positions in accounting, finance, change management and manufacturing. Most recently, Ressler has served as Vice President, Manufacturing. In his new role as CFO, Ressler will retain his leadership responsibilities of the Company’s manufacturing operations.

“Mike’s leadership contributions have been instrumental in the Company’s transformation over the past several years,” said Derek Schmidt, president. “Mike has a strong track record of delivering results, and I’m confident that his deep knowledge of Flexsteel and our industry combined with his extensive experience in finance and operations, will enable him to make a profound impact on the Company’s success as CFO in the years to come.”

Concurrent with Ressler’s promotion, Schmidt has been promoted to the position of president and appointed to Flexsteel’s board of directors. “Flexsteel is fortunate to have an executive with Derek’s capabilities. Since joining the Company in April 2020, his responsibilities have meaningfully expanded, and his promotion to President appropriately reflects his leadership responsibility for the Company’s operations and growth strategy,” said Jerry Dittmer, CEO.

Unrelated to the management updates, Matt Kaness announced his resignation from the board on January 9, 2024, effective immediately due to a need to focus on his primary professional commitments and to consider other opportunities. “Mr. Kaness has made significant contributions to Flexsteel as a member of the board over the last four years. His leadership and expertise will be missed,” said board chairman Thomas M. Levine.