Glassman retiring from CEO post
Leggett & Platt Inc. has named Mitch Dolloff chief executive officer and president effective Jan. 1, 2022. He will assume the CEO post from long-time L&P CEO Karl Glassman, who will retire from that post effective Dec. 31.
Glassman will become executive chairman of the board of directors of the diversified manufacturer, based in Carthage, Missouri. Dolloff currently serves as L&P’s president and chief operating officer.
“I am pleased to announce that Mitch Dolloff will become CEO and president on Jan. 1, 2022,” Glassman said. “This represents the culmination of many years of close collaboration and is in keeping with our history of long-term succession planning. Throughout his career, Mitch has proven himself as a strong leader. He took the lead in helping both our automotive and bedding businesses become cohesive, global businesses that drive long-term profitable growth. His leadership was instrumental in growing our automotive business into a high value-creating business. He also led the transformation of our global bedding business into a unified group of high-performing teams, positioning Leggett to fully capture value across the bedding value chain. We have worked closely for many years and I have absolute confidence in his ability to successfully lead Leggett well into the future.”
Dolloff joined Leggett in 2000 in the mergers and acquisitions department, transitioned to operations, and has successfully led a number of the company’s operations for the past two decades, officials said.
Glassman has been the company’s CEO since 2016, and chairman of the board since 2020. Before assuming the role of CEO, he served as the company’s chief operating officer for 10 years and in various positions of increasing responsibility since he joined Leggett & Platt nearly 40 years ago in bedding group sales.
Glassman’s “deep industry knowledge and relationships within the bedding industry are unsurpassed,” the company said. “Through his various roles, Karl has led tremendous value creation for the company. His focus on team building and empowering people has strengthened many others, including his successor, Mitch Dolloff.”