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MillerKnoll, Inc. (NASDAQ:MLKN), a leader in the office furniture industry, announced the upcoming departure of board member Candace Matthews. Her resignation, effective February 15, 2025, was reported on Thursday, with the company stating that her decision to step down was not due to any disagreement with the company’s operations, policies, or practices. The announcement comes as the company maintains profitability with a $3.6 billion revenue base, though InvestingPro data shows a 5.7% revenue decline over the last twelve months.
Matthews, who has been a part of the MillerKnoll board for four years, informed the board of her intention to resign on Sunday. The company expressed gratitude for her service and contributions during her tenure and wished her well in her retirement.
Following Matthews’ departure, the board will decrease in size from 12 to 11 members. This change, also effective February 15, 2025, reflects the company’s adjustment to the board’s composition following her resignation.
MillerKnoll, formerly known as Herman Miller Inc, is headquartered in Zeeland, Michigan, and is recognized within the Standard Industrial Classification as a key player in the office furniture sector.
This transition comes at a time when the company continues to navigate the evolving landscape of workplace environments. MillerKnoll has not indicated any immediate plans for appointing a successor to Matthews on the board.
The information regarding Matthews’ resignation and the subsequent reduction in board size is based on a press release statement filed with the Securities and Exchange Commission.
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