by CARTHAGE, Mo. – Leggett & Platt CEO Karl Glassman is retiring as CEO effective Dec. 31 and will become executive chairman, the company announced.
The board of directors also has named Mitch Dolloff as president and CEO effective Jan. 1, 2022. He is currently president and chief operating officer.
Glassman has been CEO since 2016 and has served as Board Chairman since 2020. Before that he was the company’s chief operating officer for 10 years. He has been with the company nearly 40 years, starting in Bedding Group sales.
Dolloff joined the company in 2000 in the mergers and acquisitions department and then moved into operations, leading various areas in that segment for the past 20 years, including the company’s global automotive business and the global bedding business.
He was named president of the Automotive Asia division in 2011 and president of the Automotive Group in 2014. In 2016, he became senior vice president and president of the Specialized Products segment and in 2017 became executive vice president and president of the Specialized Products and Furniture Products segments, respectively.
He became chief operating officer in 2019 and became president of the Bedding Products segment in 2020 through August of this year, and joined the board in 2020.
Glassman said he was pleased that Dolloff will become his successor at the start of 2022.
“This represents the culmination of many years of close collaboration and is in keeping with our history of long-term succession planning,” he said. “Throughout his career, Mitch has proven himself as a strong leader. He took the lead in helping both our Automotive and Bedding businesses become cohesive, global businesses that drive long-term profitable growth. His leadership was instrumental in growing our Automotive business into a high value-creating business. He also led the transformation of our global Bedding business into a unified group of high-performing teams, positioning Leggett to fully capture value across the bedding value chain. We have worked closely for many years and I have absolute confidence in his ability to successfully lead Leggett well into the future.”
