Lumber Liquidators Continues Investing In Quality Company Bolsters Compliance and Formalizes Sustainability Team
TOANO, Va., June 3, 2014 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, today announced that it has formalized the Company's compliance and sustainability team as part of its ongoing investment in quality and commitment to responsible sourcing.
Raymond Cotton, appointed as Chief Compliance and Sustainability Officer in February 2014 and reporting directly to Robert M. Lynch, President and Chief Executive Officer, manages Lumber Liquidators' quality assurance, sustainable sourcing, loss prevention, risk management and compliance with legal and regulatory requirements of global trade. The Company further strengthened its team through the appointments of Lisa Kuca as Director, Global Product Compliance, and Rebecca Rizzuti as Director, Global Trade and Customs Compliance, both reporting directly to Mr. Cotton.
Mr. Lynch, commented, "Sourcing quality products direct from worldwide mills is central to Lumber Liquidators' value proposition. The diversity of our products and scale of our purchases requires an ongoing commitment to sustainable forestry, and Ray is a key member of the team of professionals we employ around the world who are dedicated to quality control. Our focus on continual improvement of our processes and procedures, combined with the collective expertise of Ray and other executives on this newly formalized team will help maintain and foster our Company's ongoing responsible sourcing efforts and deliver high quality flooring for our customers. We believe in the importance of being an environmentally conscientious company, and are pleased to take this next step in our ongoing corporate responsibility efforts."
Mr. Cotton has extensive leadership experience in cyber and physical security, loss prevention, global audit and crisis management, most recently holding the position as head of Global Security and Safety for Riverbed Technology and previously serving in other leadership roles at Facebook, Orchard Supply Hardware, TJ Maxx, and Target.
Ms. Kuca possesses over 10 years of experience in compliance program development and management, risk identification and assessment, and creating risk mitigation strategies, mostly recently serving as Senior Compliance Officer and Vice President Corporate Compliance at American First Title Company and previously holding various compliance, ethics and government relations roles at World Bank, Freddie Mac and Holland & Knight, LLP.
Ms. Rizzuti brings extensive customs compliance experience in retail, distribution and international logistics, formerly serving as Director, International Trade at Footlocker, Inc. and Manager, Import Customs and Compliance at Charming Shoppes, Inc., and holding other import/export and compliance positions at VWR International, Inc. and Toys"R"Us, Inc.
About Lumber Liquidators
In its 20th year and with more than 340 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The company features more than 340 top quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators' low priced product, much of which is in-stock and ready for delivery.
With premier brands including Bellawood Prefinished Hardwood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home and This Old House.
For more information, please visit www.LumberLiquidators.com or call 1.800.HARDWOOD. You can also follow the company on Facebook and Twitter, and learn more about its corporate giving program at LayItForward.LumberLiquidators.com.
This press release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act. These statements are based on currently available information as of the date of such statements and are subject to risks and uncertainties that may cause actual results to differ. The Company specifically disclaims any obligation to update these statements which speak only as of their respective dates, except as may be required under the federal securities laws. Information regarding these additional risks and uncertainties is contained in the Company's filings with the Securities and Exchange Commission.
For further information contact:
Lumber Liquidators Investor Relations
SOURCE Lumber Liquidators, Inc.