Furniture chain on hunt for new CEO

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Furniture chain on hunt for new CEO

By Marianne Wilson - 02/23/2018
Art Van Furniture is looking for a new chief executive.

Kim Yost, president and CEO of the Warren, Michigan-based retailer, announced plans to retire after nine years with the company. Yost will remain in his current role until a successor has been appointed.

"I am very proud of what the company and its associates have achieved during our time together over the past nine years – growing from $350 million to over $1.3 billion in sales, from 35 stores to over 180 across 9 states, and from 1,500 associates to over 5,700," said Yost. "The future is very bright for Art Van, and a multi-year strategic plan that will ensure the continued growth and success of the Art Van, Levin and Wolf Furniture brands has been laid out.”

Art Van Furniture was founded in 1959 by Art Van Elslander, who died on February 12, 2018, at the age of 87. Elslander sold the company to private equity firm Thomas H. Lee Partners in 2017 for an estimated $550 million.

The retailer said it has begun a process to identify and evaluate candidates for the president and CEO position.

Art Van Furniture operates 184 stores operating under the following brand: Art Van Furniture, Art Van PureSleep, Art Van Flooring, Scott Shuptrine Interiors, Levin Furniture, Wolf Furniture and Gardiner Wolf Furniture.

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