— Furniture Today,
Board boosts quarterly stock dividend for 35th straight year

CARTHAGE, Mo. — Components and furniture supplier Leggett & Platt has promoted David Haffner to CEO, succeeding longtime leader Felix Wright, who remains board chairman and an active executive, the company said.

Haffner, who remains president, is only the fourth Leggett CEO in 70 years. Karl Glassman, executive vice president, succeeds Haffner as chief operating officer.

The company’s board also voted to increase the quarterly stock dividend by a penny, or 6.3%, to 17 cents per share, payable July 14 to shareholders of record on June 15. It is the 35th consecutive year Leggett has increased the dividend, at an annual compound growth rate of more than 14%.