Lexington, Ky. – Tempur Sealy International’s board of directors have named Scott L. Thompson as the company’s next chairman, president and CEO, effective immediately, according to a release from the company.
Thompson’s appointment follows an extensive search conducted by the Tempur Sealy Board and was overseen by the board’s CEO search committee.
Thompson has more than two decades of executive leadership experience, most recently as chairman, president and CEO of Dollar Thrifty Automotive Group, Inc. (“Dollar Thrifty”). Under Thompson’s leadership, Dollar Thrifty achieved best-in-class operating margins and earnings growth resulting in significant returns for shareholders.
“After a comprehensive search process, the board is very pleased to name a talented and highly qualified individual of Scott’s caliber to lead Tempur Sealy,” said Frank Doyle, chairman of the board. “Scott is a world-class operator with a history of strategic focus and developing high-performance teams. We are confident that his expertise in these key areas will add significant value to Tempur Sealy.”
In connection with Thompson’s appointment, Doyle will assume the role of lead director, and interim CEO W. Timothy Yaggi will continue in his role of chief operating officer.
“Tempur Sealy is an outstanding company with iconic global brands and a talented and dedicated team,” Thompson said. “I am honored by the board’s confidence in me as the next leader of this great company and I look forward to working with Tim and the entire management team to build upon Tempur Sealy’s strategy and drive profitable long-term growth for the benefit of all our stakeholders.”