TOANO, Va.—Lumber Liquidators’ Richard Tadler has informed the Company that he will be stepping down from the board of directors effective June 30. Tadler joined the board of directors in 2004 when TA Associates, the private equity firm of which he is a managing director, originally invested in the Company. TA Associates divested its interest in the Company in 2009, precipitating Mr. Tadler’s decision to step down. Lumber Liquidators has begun the process to fill the vacancy created on the board and expects to fill it with an outside director.
“Richard has been a valued adviser and friend to Lumber Liquidators since he joined the Board more than six and a half years ago,” said Jeffrey Griffiths, CEO, Lumber Liquidators. “He stayed on with the board of directors long after TA Associates concluded its involvement with the Company and we greatly appreciate all of his contributions to our success..”
With over 250 locations, Lumber Liquidators is North America’s largest specialty retailer of hardwood flooring. The company features more than 340 flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl.
For more information, please visit lumberliquidators.com or call 1.800.HARDWOOD.