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LADD NAMES GREGG SAMMONS FOURNIER CHAIRMAN

 HIGH POINT, N.C., Dec. 13 /PRNewswire/ -- LADD Furniture, Inc. (NASDAQ-NMS: LADF) announced today that Gregg Sammons has been named chairman of Fournier Furniture, a Minneapolis-based furniture manufacturing company and LADD subsidiary. LADD noted this is an initial step toward Sammons' planned retirement from Fournier, the company he founded and which was acquired by LADD in the summer of 1992. Sammons, a long-time veteran of the RTA ("ready-to-assemble") furniture industry and current president of Fournier, said: "Early on, from the outset of LADD's purchase of Fournier, I made it clear that I would be glad to help in a transitional role until the company was comfortably absorbed into the LADD family. At this point, it is time to hand over the leadership of Fournier to someone who plans to be here for many years. I have enjoyed working with LADD. This is a class organization and it has been a rewarding time for me."
 LADD noted that it has begun a search for a new president. Sammons will remain with Fournier until an appointment is made, and for some period of time thereafter, in an advisory role. Gerald R. Grubbs, LADD vice chairman, commented: "We appreciate Gregg's leadership since the acquisition of Fournier. We look forward to his continuing guidance and advice during this transition period, as we search for a top level executive to lead Fournier in the years ahead."
 Headquartered in High Point, N.C., LADD is the fourth largest North American manufacturer of residential furniture and a leading supplier of contract furniture to the guest room, government and health care markets domestically and abroad, with annual sales in excess of $500 million. In addition to Fournier, LADD's major brand names include American Drew, American of Martinsville, Barclay, Brown Jordan, Clayton Marcus, Daystrom, Lea Industries and Pennsylvania House. These products are marketed throughout the United States and, through LADD International, worldwide. LADD also owns and operates two support companies, Lea Lumber & Plywood and LADD Transportation. LADD's stock is traded on the over-the-counter National Market System under the NASDAQ symbol LADF.
 -0- 12/13/93
 /CONTACT: John J. Ong of LADD Furniture, 919-888-6353/
 (LADF)


CO: LADD Furniture, Inc.; Fournier Furniture ST: North Carolina, Minnesota IN: HOU SU: PER

DF -- CH008 -- 3313 12/13/93 16:38 EST
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Publication:PR Newswire
Date:Dec 13, 1993
Words:378
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