Havertys Announces New Nominee for Election to Board of Directors
Havertys (NYSE:HVT) nominates Natalie B. Morhous, CEO of RaceTrac, to its board of directors. Morhous brings extensive leadership experience and strategic insights to the company. The announcement also includes the retirement of current director Mylle H. Mangum.
03/22/2024 - 04:11 PM
ATLANTA, GA / ACCESSWIRE / March 22, 2024 / HAVERTYS (NYSE:HVT)(NYSE:HVT.A) today announced that its board of directors has nominated Natalie B. Morhous to stand for election as a director at its annual meeting of stockholders on May 6, 2024.
Natalie B. Morhous CEO, RaceTrac Nominated to Havertys board of directors
Morhous, 40, is CEO and a member of the board of directors of RaceTrac, Inc. ("RaceTrac"). She served as president from February 2019 until January 2024 when she was named CEO. During her tenure as president, she helped lead the company through the COVID-19 pandemic, shifted RaceTrac's growth strategy to expand to new markets and new prototypes, and finalized RaceTrac's acquisition of Gulf Oil, LLC. Morhous joined RaceTrac in 2012 and has held a variety of leadership roles in its family of companies including vice president of the company's dedicated fuel transporter, Energy Dispatch, and executive director of strategy and solutions of RaceTrac. Prior to RaceTrac, Morhous worked as a consultant with SRA Touchstone Consulting Group and Acquisition Solutions, Inc. Morhous serves on the board of the National Association of Convenience Stores and is an Advisory Board member of Emory University's Center for Ethics.
Clarence H. Smith, chairman and CEO of Havertys, said "We are fortunate to be able to nominate Natalie and look forward to the strategic insights, energy, and perspectives that she will bring to our board. RaceTrac's retail geographic presence and commitment to its customers and team members strongly parallels Havertys' and Natalie's expertise will be a valuable addition to our talented board.
Morhous will stand for election along with Havertys' current directors other than Mylle H. Mangum. The board has a longstanding policy that directors generally may not stand for reelection after reaching age 75. As a result, Mangum, who has served since 1999 will retire from Havertys' board this year.
Mylle provided invaluable guidance to Havertys as our business grew and evolved and she served as chair of the nominating, compensation and governance committee for 20 years. We are grateful for her commitment to Havertys and wish her all the best," Smith concluded.
About Havertys
Havertys (NYSE:HVT)(NYSE:HVT.A), established in 1885, is a full-service home furnishings retailer with 124 showrooms in 16 states in the Southern and Midwestern regions providing its customers with a wide selection of quality merchandise in middle to upper-middle price ranges. Additional information is available on the Company's website at www.havertys.com .
Contact:
Havertys 404-443-2900
SOURCE: Haverty Furniture Companies, Inc.
press release on accesswire.com
Who has Havertys nominated to stand for election as a director at its annual meeting of stockholders?
Havertys has nominated Natalie B. Morhous, CEO of RaceTrac, to stand for election as a director at its annual meeting of stockholders.
What is Natalie B. Morhous' background and experience?
Natalie B. Morhous is the CEO and a member of the board of directors of RaceTrac, Inc. She has held various leadership roles in RaceTrac since 2012 and has experience in strategic consulting.
Why is Natalie B. Morhous considered a valuable addition to Havertys' board?
Natalie B. Morhous is considered a valuable addition to Havertys' board due to her strategic insights, energy, and leadership experience in navigating growth strategies and acquisitions at RaceTrac.
Who is retiring from Havertys' board of directors?
Mylle H. Mangum, who has served since 1999, will retire from Havertys' board of directors.
What role did Mylle H. Mangum play in Havertys' board?
Mylle H. Mangum provided invaluable guidance to Havertys as the chair of the nominating, compensation, and governance committee for 20 years.
Haverty Furniture Cos., Inc.
HVT Rankings
#2138 Ranked by Stock Gains
HVT Stock Data
Industry
Furniture Stores
Sector
Retail Trade
Tags
Retail Trade, Specialty Stores, Furniture Stores
Country
US
City
Atlanta
About HVT
havertys began as a single store in downtown atlanta in 1885. today, with over 100 stores in 17 states, we have become one of the top retailers in the furniture industry. from modern and traditional, to rustic and eclectic, our wide range of styles, accessories and collections guarantee that we have something for everyone. we greatly value quality merchandise and continually seek to provide our customers with the highest caliber of product by ensuring that each piece of havertys furniture is made exclusively for our brand. our qualified associates and in-home designers offer expert tips and tools to make each customer’s home a fashionable representation of their own unique personality and vision. whether you’re shopping online or in-store, we aim to provide a positive buying experience. shopping with havertys has everything to do with your commitment to excellence in style and we are dedicated to making sure every havertys customer is a happy customer.
