MillerKnoll (NASDAQ: MLKN) has recently appointed Claire Spofford, former CEO of J. Jill, to its board of directors, bringing with her over 30 years of experience in driving growth across leading consumer brands. Spofford's tenure at J. Jill saw her transform the business, strengthen margins, and refresh brand relevance, positioning the company for long-term growth. Notably, she also served as president of Cornerstone Brands, where she successfully evolved the business into a digitally driven platform, supporting both e-commerce and physical retail.
With Spofford's addition, MillerKnoll's board now comprises eleven directors, with ten of them being independent. The appointment is a strategic move as the company advances into its next era of growth and innovation, aiming to elevate its portfolio of brands and create enduring value for customers and shareholders.
In fiscal year 2025, MillerKnoll generated net sales of $3.7 billion, reflecting its position as a global collective of design brands. This appointment signals an exciting time for the company in both the consumer retail and workplace contract segments as it continues to build upon its legacy of bringing together innovation and modern design. As a result of these announcements, the company's shares have moved -1.03% on the market, and are now trading at a price of $19.30. Check out the company's full 8-K submission here.
