Interface, Inc. (NASDAQ: TILE) today announced that its Board of Directors has named Dan Hendrix, most recently Chairman of the Board of Interface as President and Chief Executive Officer, effective immediately. Hendrix will also maintain his position as Board Chairman.
Hendrix succeeds Jay Gould who was terminated after an investigation concluded that he engaged in personal behavior that violated Company policy and core values.Interface confirmed that this leadership transition is unrelated to the Company's operational or financial performance. In naming Hendrix to the CEO position, the Board executed its leadership succession plan. The Company will commence a search for internal and external candidates for a successor CEO.
"Dan reassumes the leadership of this great company at a time of meaningful growth and strong financial performance, and the Board has every confidence that he is the best leader to continue executing our strategic plan," said Lead Independent Director of the Board, Chris Kennedy. "He has the right mix of familiarity, experience and passion for the company to lead us forward through this period of transition. Appointing Dan to this position will establish a tone at the top that the Company's shareowners, employees, customers, and partners expect. In addition, Dan was instrumental in helping to shape the Company's strategic plan, which has transformed our business and set us on the right path."
Hendrix served as CEO of Interface from 2001 to 2017 and was succeeded by Gould. "During my 37 years with this incredible company, I have had the privilege to work in an organization filled with talented people that are passionate and driven by a clear purpose," he said. "I am committed to upholding our rich heritage and driving value for our four stakeholders: our shareowners, our employees, our customers, and the environment. We have strong momentum as we kick off 2020 and I am energized by this challenge. I look forward to guiding Interface's continued success."