Rowe Furniture, Inc. announced the appointment of Stefanie J. Lucas as President and CEO effective immediately. Rowe is an affiliate of Sun Capital Partners, Inc., a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies. Rowe is a leading marketer and manufacturer of custom upholstered furniture in the United States. Lucas will replace Gerald Birnbach. Birnbach will remain as an advisor to Rowe.
Lucas has more than 20 years experience in sales, marketing and management in the home furnishings and other related industries. Most recently, she served as Senior Vice President of Sales, Marketing and Merchandising of Rowe Furniture.
Christopher T. Metz, Managing Director, Sun Capital Partners, Inc., stated, “We are pleased to appoint Stefanie as Rowe’s new President and CEO. Stefanie has an extensive marketing, sales and management career in home furnishings and brings the right blend of experience and leadership to Rowe to further grow and accentuate our focus on strategic objectives and core competencies. She is uniquely qualified to lead the management team to maximize Rowe’s position in the custom upholstered furniture industry.”
About Rowe Furniture
Rowe Furniture, Inc. is a leading manufacturer of custom upholstered furniture in the United States. Established in 1946, Rowe Furniture offers a wide range of styling in sofas, sectionals, chairs and ottomans with over four hundred fabric selections. Rowe Furniture collections include Rowe and Robin Bruce. Rowe Furniture is available at major home furnishings retailers and better independent home furnishings retailers across the United States and around the world. Rowe was acquired by Sun Capital in January of 2007.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates invest in companies which typically have the number one or two market positions in their industry, long-term competitive advantages, and significant barriers to entry. Sun Capital affiliates have invested in and managed more than 140 companies worldwide since Sun Capital’s inception in 1995, with combined sales in excess of $33 billion. On a consolidated basis, Sun Capital’s affiliate portfolio companies would rank in the top 100 of Fortune Magazine’s listing of the 500 largest companies in the United States. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates with offices in London, Tokyo and Shenzhen.
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