February 28, 2008
Select Comfort Corporation, the nation's leading bed retailer and creator of the SLEEP NUMBER bed, announced that the company has separated the positions of chairman of the board and chief executive officer.
The company's board of directors has appointed Ervin Shames as chairman. Bill McLaughlin, who has held both positions of chairman and chief executive officer since 2004, will continue in his role as president and chief executive officer of the company as well as board director.
"Today's decision is the result of the board's ongoing review of best practices with regard to corporate governance," said Shames. "On behalf of the board, I want to thank Bill for his four years of leadership in the role of chairman. I look forward to continuing to work with him and his team in my new capacity as chairman as we continue to position Select Comfort for long-term success."
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