HNI CFO Kurt Tjaden hands over to Marshall Bridges

  • After around eight years on the job
  • Laud and praise for Tjaden
  • Tjaden will remain as President, HNI International

(management-change.com) — Muscatine, Iowa, January 19, 2017 — Kurt Tjaden, finance chief of HNI, hands over the reins. It is an abrupt change. As announced by HNI Corporation in a news release and in a regulatory filing published on Thursday, January 19, 2017, Kurt A. Tjaden leaves the post as Chief Financial Officer at the office furniture manufacturer in a surprising move after around eight years on the job, effective immediately.

Tjaden’s duties are taken over by Marshall H. Bridges, most recently Vice President, Finance, Contract Furniture Group at HNI Corporation.

The move is part of a management shake-up.

Tjaden will remain as President, HNI International

Tjaden has been appointed President, HNI International, a significant and strategically important business unit of HNI Corporation.

Tjaden will continue as a Senior Vice President, HNI Corporation reporting to Stan Askren, Chairman, President and Chief Executive Officer, HNI Corporation.

Share price rise since August 2011

The change follows a rise in the share price of HNI Corporation since August 2011.

State Farm Mutual Automobile Insurance holds 16.54 percent stake

State Farm Mutual Automobile Insurance Co reported a 16.54 percent stake in HNI Corporation as of September 30, 2016.

Chaired by Stan Askren

HNI Corporation is chaired by Stan Askren.

Stan Askren has been a Director of the Corporation since 2003. Askren has also been the Chairman and Chief Executive Officer of the Corporation since 2004 and the President of the Corporation since 2003.

On the job as CFO since 2008

Kurt A. Tjaden has served as Chief Financial Officer of HNI Corporation since August 2008.

Prior to joining HNI Corporation, Tjaden had significant experience working in Asia for Whirlpool, Gateway, and Procter & Gamble.

He possesses a strong background and knowledge of the Asia Pacific region.

Read the full story in the management-change.com report 04.2017 ($).