La-Z-Boy names new treasurer

MONROE, Mich. La-Z-Boy today announced that Michael Skrzypczak has been named vp and treasurer. Skrzypczak, will report to Mike Riccio, senior vp and cfo and succeeds Mark Stegeman, who left the company in April.

Skrzypczak will be responsible for all treasury functions, including cash management, credit, and banking relationships. Additionally, he will have responsibility for developing and maintaining systems for forecasting and tracking cash flow while managing the company's U.S. and foreign bank relationships. He will also have responsibility for directing the company's risk management and insurance programs and will work with Riccio in negotiating and structuring financing transactions.

Before joining La-Z-Boy, Skrzypczak was the corporate treasurer of Intermet Corp., which was a $1 billion tier-one auto supplier, where he had responsibility for cash management, bank and credit agency relationships, acquisition and divestiture analysis, risk management, financing, debt and liquidity management as well as managing the accounts payable and accounts receivable areas. Prior to his 11 years at Intermet, he worked for the U.S. Treasury Department as a national bank examiner and, before that, held other treasury and financial positions in the retail and financial services sector.