La-Z-Boy Management
Management criteria checks 3/4
La-Z-Boy's CEO is Melinda Whittington, appointed in Apr 2021, has a tenure of 3.67 years. total yearly compensation is $5.87M, comprised of 16.7% salary and 83.3% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth €3.14M. The average tenure of the management team and the board of directors is 3.7 years and 4.6 years respectively.
Key information
Melinda Whittington
Chief executive officer
US$5.9m
Total compensation
| CEO salary percentage | 16.7% |
| CEO tenure | 3.7yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.7yrs |
| Board average tenure | 4.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Oct 26 2024 | n/a | n/a | US$124m |
| Jul 27 2024 | n/a | n/a | US$121m |
| Apr 27 2024 | US$6m | US$982k | US$123m |
| Jan 27 2024 | n/a | n/a | US$118m |
| Oct 28 2023 | n/a | n/a | US$121m |
| Jul 29 2023 | n/a | n/a | US$140m |
| Apr 29 2023 | US$6m | US$942k | US$151m |
| Jan 28 2023 | n/a | n/a | US$174m |
| Oct 29 2022 | n/a | n/a | US$170m |
| Jul 30 2022 | n/a | n/a | US$164m |
| Apr 30 2022 | US$6m | US$913k | US$150m |
| Jan 22 2022 | n/a | n/a | US$130m |
| Oct 23 2021 | n/a | n/a | US$131m |
| Jul 24 2021 | n/a | n/a | US$126m |
| Apr 24 2021 | US$2m | US$487k | US$106m |
| Jan 23 2021 | n/a | n/a | US$71m |
| Oct 24 2020 | n/a | n/a | US$76m |
| Jul 25 2020 | n/a | n/a | US$64m |
| Apr 25 2020 | US$2m | US$528k | US$77m |
| Jan 25 2020 | n/a | n/a | US$77m |
| Oct 26 2019 | n/a | n/a | US$71m |
| Jul 27 2019 | n/a | n/a | US$68m |
| Apr 27 2019 | US$3m | US$458k | US$68m |
Compensation vs Market: Melinda's total compensation ($USD5.87M) is above average for companies of similar size in the German market ($USD1.58M).
Compensation vs Earnings: Melinda's compensation has been consistent with company performance over the past year.
CEO
Melinda Whittington (56 yo)
3.7yrs
Tenure
US$5,872,110
Compensation
Ms. Melinda D. Whittington serves as President, Chief Executive Officer and Director of La-Z-Boy Incorporated since April 25, 2021 and serves as its Chairman of the Board since December 11, 2024. She serve...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.7yrs | US$5.87m | 0.18% € 3.1m | |
| Senior VP & CFO | 3.7yrs | US$1.85m | 0.044% € 753.2k | |
| President of La-Z-Boy Brand & Chief Commercial Officer | 3.9yrs | US$1.34m | 0.038% € 647.0k | |
| Senior VP & Chief Supply Chain Officer | 3yrs | US$1.31m | 0.020% € 348.3k | |
| President of Retail Furniture Galleries | 1.7yrs | US$1.53m | 0.0083% € 141.4k | |
| VP, Corporate Controller & Chief Accounting Officer | 3.7yrs | no data | 0.046% € 784.2k | |
| VP & Chief Information Officer | 2.5yrs | no data | 0.041% € 689.3k | |
| Director of Investor Relations & Corporate Development | no data | no data | no data | |
| VP, Chief Compliance Officer | 5.7yrs | US$1.01m | 0.063% € 1.1m | |
| VP & Chief Human Resources Officer | 6.3yrs | no data | 0.078% € 1.3m | |
| President of Portfolio Brands | 5.7yrs | no data | 0.092% € 1.6m | |
| VP, Deputy General Counsel & Corporate Secretary | 3.7yrs | no data | no data |
3.7yrs
Average Tenure
51yo
Average Age
Experienced Management: LAZ's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.7yrs | US$5.87m | 0.18% € 3.1m | |
| Independent Director | 3.8yrs | US$236.49k | 0.014% € 237.3k | |
| Independent Director | 8.3yrs | US$257.38k | 0.011% € 187.8k | |
| Independent Director | 15.8yrs | US$270.91k | 0% € 0 | |
| Independent Lead Director | 11.3yrs | US$344.59k | 0.011% € 187.8k | |
| Independent Director | 8.3yrs | US$237.38k | 0.011% € 187.8k | |
| Independent Director | 1.8yrs | US$223.31k | 0.0045% € 76.0k | |
| Independent Director | 5.3yrs | US$245.28k | 0.011% € 187.8k | |
| Independent Director | 1.5yrs | US$227.98k | 0.0018% € 29.7k | |
| Independent Director | 3.2yrs | US$224.96k | 0.011% € 187.8k |
4.6yrs
Average Tenure
59.5yo
Average Age
Experienced Board: LAZ's board of directors are considered experienced (4.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 05:46 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/10/26 |
| Annual Earnings | 2024/04/27 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
La-Z-Boy Incorporated is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kristine Koerber | Barrington Research Associates, Inc. |
| Matthew McCall | BB&T Capital Markets |
| Bradley Thomas | KeyBanc Capital Markets Inc. |