CARTHAGE, MO -- Leggett & Platt, a manufacturer of engineered products serving several major markets, announced two promotions Mar. 9 as part of a new innovation strategy designed to drive the company’s growth, according to Home Furnishings Business.
Niels Mossback was promoted to senior director of advanced technology, with responsibilities for developing new products and technologies across the corporation. Tom Wells was named director of engineering strategy and technical support, and will be responsible for the development of strategic partnerships and work closely with segment development directors to identify growth opportunities.
The new strategy, called Worldwide Innovation Network 70/30, is based on the expectation that 70% of new innovations come from within the company, and the balance will come from external sources, including input from inventors and partnerships. One element of WIN 70/30 is a link on the company’s Web site, www.leggett.com, where individuals can submit ideas. The company also created a 12-person engineering council to evaluate innovative ideas and identify opportunities across the company.
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