Ethan Allen begins CEO succession process
- Ethan Allen (NYSE:ETD) started a formal search process for its next chief executive officer.
- The company’s Board hired an external search firm to evaluate internal and external candidates.
- A new CEO will be announced no later than June 30, 2027, when Farooq Kathwari’s contract ends.
Ethan Allen Interiors (NYSE:ETD) announced that its Board of Directors has started a formal CEO succession process and expects to name its next chief executive by June 30, 2027.
The Board’s Corporate Governance, Nominations and Sustainability Committee, which consists entirely of independent directors, hired a nationally recognized search firm to review internal and external candidates.
Current CEO Farooq Kathwari will continue leading the company through the transition period and will later serve as a non-executive director until the 2027 annual meeting.
Ethan Allen designs, manufactures and sells home furnishings through its retail network, interior design services and manufacturing operations.
After the 2027 annual meeting, Kathwari is expected to step down from the Board, completing the company’s planned leadership transition.
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