MillerKnoll (NASDAQ: MLKN) has announced two significant leadership appointments, with John Hoke being appointed as board chair and Jeff Stutz as chief operating officer. Hoke, who has been on the board since 2005, brings extensive design thinking and brand management expertise to the role. He served over 30 years at Nike Inc., most recently as chief innovation officer. Stutz, who has been the chief financial officer since 2015, will now assume responsibility for MillerKnoll’s international contract business, global manufacturing and distribution operations, and the company’s Europe-based brands.
The company's net sales for fiscal year 2025 amounted to $3.7 billion, and its board comprises eleven members with long tenure in various industries, including contract furnishings, retail, manufacturing, AI, architecture, financial services, healthcare, hospitality, and technology. Kevin Veltman, senior vice president of finance, will serve as interim chief financial officer while the search is underway to fill the CFO role.
These leadership changes come as the company continues to navigate periods of macroeconomic challenge and opportunistic growth, including the acquisition of Knoll, Inc. in 2020. The appointments reflect MillerKnoll's commitment to growth, design innovation, and operational excellence as it looks towards the next era of exciting opportunities. As a result of these announcements, the company's shares have moved 1.27% on the market, and are now trading at a price of $21.44. If you want to know more, read the company's complete 8-K report here.
