Hurd is a results-driven leader who brings to Interface 30 years of experience in sales management, product development and brand management in the consumer packaged goods and consumer durables industries. As President of the Learning and Development Segment at Newell Brands, Hurd oversaw the largest segment of the business representing more than $3 billion revenue in 2021, more than a quarter of Newell’s overall revenue, and approximately $600 million of the operating result. She has a proven track record of profitable growth through innovation and global expansion, and has been hailed by her teams and colleagues as a passionate and inspiring leader.
“Laurel has had great success creating new markets and growth opportunities for some of Newell’s best-known brands. We are thrilled to have his strategic mind and passion for design and sustainability come to Interface to accelerate our growth,” said Hendrix. “In addition to being results-focused, she is a respected and highly effective leader known for developing top talent and building high-performing teams, while embracing a customer-centric philosophy that helps win in the marketplace. We are delighted to have attracted such coveted leadership talent to Interface to propel us forward. I am confident that with Laurel at the helm, we have the company, our people, our customers and our brands in good hands.
“Interface is a special company. I am drawn to its powerful purpose and honored to step into the role of CEO to build on the company’s foundation as a leader in design, innovation and sustainability” , Hurd said. “Interface has a strong culture and reputation among business and sustainability leaders, the architectural and design community, and with its employees. I see incredible potential to further expand the company’s impact in continuing to fulfill its mission and sustainability goal. I am grateful for the opportunity to build on Dan’s unwavering dedication and successful stewardship over the past four decades, particularly through the challenging momentum of the past two years. I intend to drive us forward to capitalize on the re-emergence of the commercial interiors market and continue to capture market share globally as we succeed in diversifying our segments and expanding our product line.”
Hurd continued, “I am incredibly optimistic about Interface’s potential for future growth and market leadership. I believe the company has the perfect combination of innovation, passion and unique expertise to deliver on its promises to customers around the world. I’m proud to join Interface to lead this amazing team on the next phase of our journey.”
Hurd spent most of his career at Newell Brands. In her most recent role as head of the Learning and Development segment, she led the segment’s double-digit growth and was responsible for expanding the Writing category’s market share in the United States, Canadathe UK and Australia. She oversaw a global supply chain comprising eight manufacturing plants in seven countries. Hurd was also recently appointed as an independent director to the board of directors of THOR Industries, Inc. (NYSE: THO), where she serves on the audit and compensation committees.
Chris Kennedya member of the CEO Selection Committee and Lead Independent Director of Interface’s Board of Directors, said, “Laurel is an impressive operational leader, bringing to Interface her experience leading global P&L accountability in consumer spaces. brand-focused and a strong track record in developing and leading diverse, inclusive teams at Newell Brands. I knew the founders of Interface, and I’m confident that Laurel will carry on the legacy of sustainability, innovation, exceptional design, love for customers, and appreciation for the team that is here, that has been the characteristic of Interface leadership.”
About the interface
Interface, Inc. is a global flooring company specializing in carbon neutral carpet tiles and resilient flooring, including luxury vinyl tiles (LVT) and nora® rubber flooring. We help our clients create high-performance interior spaces that promote well-being, productivity and creativity, as well as the sustainability of the planet. Our mission, Climate Take Back™, invites you to join us as we commit to operating in a way that repairs the planet and creates a climate for life.
Learn more about Interface at interface.com and blog.interface.com, our nora brand at nora.com, our FLOR® brand at FLOR.com and our Carbon Neutral Floors™ program at interface.com/carbonneutral. To learn more about our carbon negative products, visit interface.com/carbonnegative.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Except for historical information contained in this release, the other matters set forth in this press release are forward-looking statements. Forward-looking statements may be identified by words such as “may”, “expect”, “plan”, “anticipate”, “intend”, “plan”, “believe”, “could”, “should”, “aim”, “aim”, “aim”, “seek”, “project”, “estimate”, “target”, “will” and similar expressions. The forward-looking statements set forth above involve a number risks and uncertainties that could cause actual results to differ materially from such statements, including, but not limited to, risks under the following subheadings under “Risk Factors” in the Company’s Annual Report the corporation on Form 10-K for the fiscal year ended January 2, 2022“The COVID-19 pandemic could have a material adverse effect on our ability to operate, our ability to protect employees from the pandemic, our results of operations, our financial condition, our liquidity, our capital investments, our ability short-term and long-term to remain in compliance with covenants under our syndicated credit facility and our senior notes, our ability to refinance our existing indebtedness and our ability to obtain capital markets financing” “Sales of our main products have been and may continue to be affected by the COVID-19 pandemic, adverse economic cycles and effects on the new construction and renovation market”; “Our earnings could be adversely affected by non-monetary adjustments to goodwill, when a test of goodwill assets indicates a significant impairment of those assets”; “No s significant international operations are subject to various political, economic and other uncertainties that could adversely affect our business results, including foreign currency fluctuations, tax restrictions, customs duties, border closures or other government regulations; “Uncertainty surrounding the ongoing implementation and effect of the UK’s exit from the European Union, and related negative developments in the European Union, could adversely affect our business, our results of operations or our financial condition”; “We have a substantial amount of indebtedness, which could adversely affect our business, financial condition and results of operations, as well as our ability to meet our payment obligations under our indebtedness”; “Serving our debt requires a significant amount of cash, and we may not have sufficient cash flow from our operations to pay our debt”; “We could incur substantial additional indebtedness, which could further exacerbate the risks associated with our substantial indebtedness”; “We compete with a large number of manufacturers in the highly competitive flooring products market, and some of those competitors have greater financial resources than we do. prices, investments in our business or competition on product design”; “Our success is largely dependent on the efforts, abilities and continued service of our senior managers, our principal design consultant and other key personnel (including experienced sales and manufacturing personnel), and the loss of one of them could affect us negatively”; “Significant increases in the cost of our raw materials, shipping costs, duties or tariffs could adversely affect us if we are unable to pass these cost increases on to our customers”; “The unscheduled termination or discontinuance of any of our agreements with our primary third-party suppliers of synthetic fibers or our primary third-party supplier of luxury vinyl tile (“LVT”) or other key raw materials could have an adverse effect material adverse effect on us”; “The market price of our common stock has been volatile and the value of your investment may decline”; “Changes to our facilities, manufacturing processes, product construction and product composition could disrupt our operations, increase our manufacturing costs, increase customer complaints, increase warranty claims, adversely affect to our reputation and have a material adverse effect on our financial condition and results. operations ” ; “Our business operations could sustain significant losses due to natural disasters, acts of war, terrorism, catastrophes, fires, adverse weather conditions, pandemics, endemics or other unexpected events”; “Disturbances or failures of our IT systems could negatively impact our business”; and “We face risks associated with litigation and claims”.
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SOURCE Interface, Inc.