Leggett & Platt Inc. (NYSE: LEG) made a senior-level promotion.
Tyson Hagale, a 20-year company veteran, was appointed as the manufacturer's senior vice president and president of its bedding products segment, according to an Aug. 13 filing with the U.S. Securities and Exchange Commission. The promotion became effective yesterday.
"Mr. Hagale previously served in various roles of increasing responsibility in the company’s bedding, furniture and corporate development areas," the SEC filing states, noting he most recently worked as vice president of commerce for the company's U.S. bedding value chain since 2020.
In leading the bedding products segment, Hagale succeeds President and Chief Operating Officer Mitch Dolloff. The latter businessperson became president of the company early last year after CEO Karl Glassman dropped that role and became board chair in addition to the chief executive position.
Earlier this month, Carthage-based Leggett & Platt reported second-quarter net income of $112.2 million, a turnaround from a $6.1 million net loss a year earlier. The company, which manufactures engineered components and products for homes, offices and vehicles, employs 21,000 people across 15 business units and 135 manufacturing facilities in 18 countries.
LEG shares were trading at $49.69 as of 11:51 a.m., compared with a 52-week range of $39.05 to $59.16 per share.
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