Purple Innovation Appoints Former La-Z-Boy CFO as New Chief Financial Officer
Purple Innovation has appointed Bob Lucian, former CFO of La-Z-Boy, as its new CFO following the departure of Todd Vogensen. The company reported a significant drop in Q1 net revenue and a worsened net loss, which has led to a revised full-year revenue outlook. The leadership change occurs amid ongoing challenges in sales and strategic evaluation.
Tickers: $LZB
Topics: CFO transition company performance executive changes financial leadership revenue decline