ST. LOUIS – Furniture Brands Int’l. Inc. announced the election of Matthew E. Rubel, CEO and president of Payless ShoeSource Inc., to its board of directors, according to Primezone. W.G. Holliman, chairman and CEO of Furniture Brands, said, “Matt Rubel has proven himself an outstanding business leader, and we are delighted he has agreed to serve on our Board of Directors.” Read more.
Additionally, the company released its financial results for the third quarter of 2006. Net sales totaled $568.9 million, compared with $557.9 million in the third quarter of 2005, according to Business Wire. Third quarter net earnings were $5.8 million, down from $9.9 million reported for the third quarter last year. Included in the 2006 third quarter net earnings were restructuring, asset impairment and severance charges. Read more.
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