Furniture Brands Names William Holliman President of Its Lane Furniture Brand

ST. LOUIS (AP) — Residential furniture maker Furniture Brands International Inc. said Wednesday it named William Holliman the president of its Lane Furniture Industries Inc. unit.


Holliman most recently served as an executive vice president of supply chain at Lane.

Furniture Brands also said Jeff Young has resigned as president and chief executive of HDM Furniture Industries, another of Furniture Brands six units. Furniture Brands said the resignation was by “mutual agreement” but did not provide more details.

John T. Foy, currently president and chief operating officer of Furniture Brands, will oversee day-to-day operations of HDM on an interim basis while the company searches for a permanent replacement.

Shares of Furniture Brands rose 32 cents, or 2.9 percent, to $11.20 in afternoon trading. Shares have traded between $10.78 and $20.96 during the past 12 months.