Ethan Allen CEO Farooq Kathwari out after four decades
· Retail & E-commerce · United States
Ethan Allen's longtime chief executive Farooq Kathwari is out after four decades at the helm, Retail Dive reported. Former Neiman Marcus Group executive Stefanie Tsen Ward takes over on an interim basis while the struggling furniture retailer searches for a permanent replacement. The leadership change comes as the company works to reverse its difficulties. Kathwari's long tenure made him one of the most durable chief executives in home furnishings retail, so the transition signals a break with the chain's established direction as it tries to stabilize.
Why it matters：A four-decade CEO exit at a legacy furniture retailer highlights how home-furnishings players are resetting leadership as demand stays soft.
Key points
- Farooq Kathwari led the company for four decades
- Stefanie Tsen Ward, a former Neiman Marcus Group executive, is interim CEO
Sources (original reporting)
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