by DALLAS – Corsicana Mattress Company CEO Michael Thompson is stepping down from his position effective March 25.
He will remain on board as a consultant through March 25.
Having joined the company in August 2018, he is credited with repositioning the company as an innovator in the value priced mattress segment of the bedding industry. He also led the company’s acquisition of Symbol Mattress last year and helped lead the company’s entry into the direct-to-consumer market.
“I am so proud of the senior leadership team, our people, and the partnerships we have with our customers, all of whom enabled us to transform Corsicana into a stronger and more innovative company,” he said. “The Corsicana team executed an unprecedented and rapid transformation of the company in a very challenging business environment. The decision to depart was not easy. I began thinking of the next chapter in my life around the holidays and decided that with the transformation largely completed, this was the right time for me to exit.”
Thompson was also credited with driving growth in underperforming markets, building a strong management team and investing in the company’s domestic manufacturing. In one of his last major interviews, Home News Now sat down with him at the January Las Vegas Market where he discussed several key initiatives that have led to the company’s success.
“Mike has driven Corsicana to new heights during his tenure and his many achievements are well documented,” said Matthew Kahn, lead director of the Corsicana board. “He has decided that now is the right time to step down, and while we are all sorry to see him leave, we wish him and his family nothing but the very best in all his future endeavors. We have an exceptional senior leadership team that will continue to lead our people and work with our customers as we address a new CEO in short order.”
