Leggett & Platt exec to retire

Courtesy Leggett & Platt Inc.

Steve Henderson is set to retire April 1.

An executive at Carthage-based Leggett & Platt Inc. (NYSE: LEG) is retiring.

Steve Henderson serves as executive vice president and president of two of the manufacturer's divisions: specialized products, and furniture, flooring and textile products. His retirement is scheduled April 1, according to a news release.

"He has been an instrumental leader and trusted adviser during his tenure with the company. I am grateful for his help in navigating unprecedented supply chain challenges over the last few years and enhancing numerous operational processes while championing the professional development and personal well-being of our employees," President and CEO Mitch Dolloff said in the release. "On behalf of Leggett & Platt, we wish him all the best in his retirement."

Henderson has been a Leggett & Platt employee since 2017. Based in Michigan, Henderson's career included nearly 18 years at The Dow Chemical Co., according to his LinkedIn profile.

Following Henderson's retirement, Dolloff intends to oversee the company's specialized products segment on an interim basis, according to the release. Sam Smith, a company employee since 2014 who currently is president of home furniture, has been appointed as senior vice president and president of furniture, flooring and textile products, effective April 2.

Leggett & Platt additionally announced in the release the promotion of Ryan Kleiboeker to executive vice president and chief strategic planning officer, effective Feb. 26. A company employee since 2005, he was named senior vice president and chief strategic planning officer in June 2023.

"Sam and Ryan are proven leaders at Leggett, whose dedication and expertise will continue to drive the company's success for years to come," Dolloff said in the release. "I want to congratulate them on their well-deserved promotions and look forward to their continued contributions and leadership in their new roles."

Leggett & Platt recently reported a 2023 net loss of $136.8 million, compared with net income of $309.8 million in 2022, according to past reporting.

LEG shares were trading at $20.44 as of 11:37 a.m., compared with a 52-week range of $19.60 to $34.81 per share.