Floor Decor, Inc. Announces Appointment of Chief Financial Officer.Business Editors FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Feb. 27, 2002 Floor Decor, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FLOR FLOR first line of response ) today announced the appointment of Michael Carrender as Chief Financial Officer and the resignation of Richard Libutti, who served as interim CFO See Chief Financial Officer. . Mr. Carrender brings to Floor Decor a distinguished and successful management career. He has provided strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , financing, operations, turnarounds, acquisition integration, and marketing leadership in operational and executive positions in both public and private enterprises. Most recently, he served as President and Chief Executive Officer at Consolidated Packaging Corporation in Jacksonville, Florida “Jacksonville” redirects here. For other uses, see Jacksonville (disambiguation). Jacksonville is the largest city in the state of Florida and the county seat of Duval County. where he led the corporation through critical transitional periods of rapid growth and market diversification. "Mike's in-depth experience in business is going to play a major part in our growth," commented A.J. Nassar, Floor Decor's Chief Executive Officer. "We expect him to take an important role in supporting our business development aspect to produce and maximize revenue opportunities." About Floor Decor Founded in July 2000 and patterned after the successful "Big Box" retail concept, Floor Decor is positioned to transform the $30 billion flooring industry by providing homebuilders and consumers with the most extensive selection of floor coverings under one roof. Floor Decor's premier Superstore, located at 6001 Powerline Road, Fort Lauderdale, features more than 40,000 sq. ft. of space and houses thousands of area rugs and 1,000,000 sq. ft. of other floor coverings. Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Floor Decor, Inc. and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Floor Decor, Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms; and those risks discussed in the Company's filings with the SEC. |
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