The bedding producer credits Michael Thompson with acquiring Symbol and repositioning the company
Michael Thompson has resigned as chief executive officer of Corsicana Mattress.
Thompson, who joined the Corsicana, Texas-based company in 2018, is credited with acquiring Symbol Mattress in 2021, recruiting a new management team, driving revenue growth in underperforming channels and markets, leading Corsicana’s entry into the direct-to-consumer market, and investing capital to improve manufacturing.
Thompson will remain as a consultant to the company through April.
“I am so proud of the senior leadership team, our people and the partnerships we have with our customers, all of whom enabled us to transform Corsicana into a stronger and more innovative company. The Corsicana team executed an unprecedented and rapid transformation of the company in a very challenging business environment,” Thompson said. “The decision to depart was not easy. I began thinking of the next chapter in my life around the holidays and decided that with the transformation largely completed, this was the right time for me to exit.”
Matthew Kahn, lead director of the Corsicana board, said: “Mike has driven Corsicana to new heights during his tenure and his many achievements are well documented. He has decided that now is the right time to step down, and while we are all sorry to see him leave, we wish him and his family nothing but the very best in all his future endeavors. We have an exceptional senior leadership team that will continue to lead our people and work with our customers as we address a new CEO in short order.” Founded in 1971, Corsicana operates 12 factories across the United States, where it makes a full range of mattresses, including innerspring, memory foam and hybrid models, as well as boxed beds.