Interface CEO Dan Hendrix leaves his post

  • Push-out Score determined
  • Praise and thanks for Hendrix
  • Laurel Hurd taking over
  • Hendrix will remain as Chairman at Interface
  • Hendrix said 115 words

(exechange) — Atlanta, Georgia, March 7, 2022 — Dan Hendrix, chief executive of Interface, leaves his position. As announced by Interface Inc. in a news release and in a regulatory filing published on Monday, March 7, 2022, Daniel T. (Dan) Hendrix leaves his post as chief executive officer at the commercial flooring company, effective April 18, 2022.

Dan Hendrix’s duties as CEO will be taken over by Laurel M. Hurd, most recently Segment President, Learning and Development at Newell Brands Inc.

“Accelerate our growth”

Interface did not give an explicit reason for Dan Hendrix’s departure from the CEO post. Hendrix said: “Laurel has had great success building new market and growth opportunities for some of Newell’s most well-known brands. We’re excited to have her strategic mindset and her passion for design and sustainability coming to Interface to accelerate our growth.”

Hendrix will remain as Chairman at Interface

“Hendrix will continue his 39-year tenure with the company remaining as Chairman of the Board of Directors,” Interface said.

Interface said: “Hurd will succeed Daniel T. Hendrix, who has served a second stint in the CEO role since January 2020.”

Share price increase since March 2021

The announcement follows an increase in Interface Inc.’s share price of 8% since March 2021.

Hendrix has served a second stint in the CEO role since January 2020

Hendrix joined the Company in 1983 after having worked previously for a national accounting firm.

He was promoted to Treasurer of the Company in 1984, Chief Financial Officer in 1985, Vice President-Finance in 1986, Senior Vice President-Finance in 1995, Executive Vice President in 2000, and President and Chief Executive Officer in July 2001.

He was elected to the Board in October 1996, and was elected Chairman of the Board in October 2011.

In March 2017, Hendrix retired from the role of Chief Executive Officer, but continued to serve as non-executive Chairman.

In January 2020, Hendrix was reappointed as President and Chief Executive Officer of the Company.

Hendrix has served as a director of cabinet maker American Woodmark Corporation since May 2005.

Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding Dan Hendrix’s move on a scale of 0 to 10.

exechange reached out to Interface and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 11.2022 ($).