Bassett Furniture Welcomes New Board Member for Growth
Bassett Furniture Welcomes New Board Member
Bassett Furniture Industries, Inc. (BSET) has recently made a significant addition to its leadership team. The company announced that James E. Goergen has been elected as a new member of its Board of Directors. This decision reflects Bassett’s commitment to enhancing its strategic direction and operational excellence.
Introducing James E. Goergen
James E. Goergen brings a wealth of experience to the Bassett Board. His appointment is seen as a remarkable step forward for the brand, according to Rob Spilman, Chairman and CEO of Bassett Furniture. Spilman expressed enthusiasm about Goergen’s industry knowledge and his impressive track record, especially in sectors such as interior design and technology.
Professional Background
Mr. Goergen's career is distinguished by significant accomplishments. He holds an undergraduate degree in Finance and Economics from the University of Southern Indiana and possesses extensive credentials as a certified financial analyst. His impressive career spans decades, during which he has amassed vast experience in mergers, acquisitions, and strategic planning. His recent focus has been on leading high-end commercial and luxury residential design firms, showcasing his versatility and capability in the industry.
Bassett Furniture: A Leader in Home Furnishings
Bassett Furniture Industries, Inc. stands out as a top provider of high-quality home furnishings, with a diverse range of distribution channels. Approximately 60% of their sales are conducted through a network of 87 company-owned and licensed stores, each showcasing the latest trends in furniture. These stores offer tailored furniture design options, in-home design consultations, and a selection of coordinating decor accessories, all designed to create a friendly shopping atmosphere.
Wholesale Business and Design Centers
The company is not only focused on direct-to-consumer sales; it also maintains a robust traditional wholesale business, servicing over 1,000 open market accounts. Their facilities, known as Bassett Design Centers and Custom Studios, allow customers to experience customized furniture offerings within a multi-line store environment. This innovative approach gives Bassett a competitive edge, as it caters to both individual consumers and a growing number of interior design firms, significantly enhancing their market reach.
Commitment to Growth Through Leadership
The addition of Jim Goergen to the Board of Directors underscores Bassett's strategy for sustainable growth. With Goergen’s expertise in financial management and strategic operations, Bassett is poised to further strengthen its position in the furniture market and drive innovation in product development. The company looks forward to leveraging his insights as it moves ahead with its corporate objectives.
Company Support Contacts
For inquiries related to investment opportunities or media engagement, Bassett has established dedicated contacts to assist stakeholders. J. Michael Daniel, the Senior Vice President and Chief Financial Officer, can be reached at (276) 629-6614 for investor relations. Additionally, Peter D. Morrison, Vice President of Communications, is available at (276) 629-6387 for media-related queries. These contacts enable open lines of communication as Bassett continues to grow and evolve.
Frequently Asked Questions
Who is the newly appointed board member of Bassett Furniture?
James E. Goergen has recently been appointed to the Board of Directors of Bassett Furniture Industries, Inc.
What is the significance of Goergen's appointment?
His appointment brings extensive industry experience and expertise in strategic planning and operational execution, essential for Bassett's growth.
How does Bassett distribute its products?
Bassett sells about 60% of its products through company-owned and licensed stores, emphasizing a mix of direct-to-consumer and wholesale sales.
What is the focus of Bassett's wholesale business?
The wholesale business connects with over 1,000 accounts, providing flexibility in serving both high-end commercial and residential markets.
How can stakeholders reach Bassett executives?
Stakeholders can contact J. Michael Daniel for investment inquiries and Peter D. Morrison for media requests, ensuring effective communication.
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