Tempur-Pedic Appoints Tim Yaggi Chief Operating Officer
Consumer Products Veteran to Help Operationalize Next Phase of Company's
LEXINGTON, Ky., Feb. 4, 2013
LEXINGTON, Ky., Feb. 4, 2013 /PRNewswire/ --Tempur-Pedic International Inc.
(NYSE: TPX), a leading manufacturer, marketer and distributor of premium
mattresses and pillows worldwide today announced the appointment of W. Timothy
Yaggi as Chief Operating Officer. Mr. Yaggi will report to Mark Sarvary,
President and CEO.
The appointment of Mr. Yaggi as COO—a new role at Tempur-Pedic—underscores the
company's ongoing commitment to carry out its strategic growth plan and
prepare for the evolution of its business, brands and product lines. Mr.
Yaggi brings over 25 years of operational experience leading well-respected
publicly traded consumer durable companies, including Norelco (Philips),
Whirlpool and Masco.
Most recently, Mr. Yaggi was Group President of the North America Builder
Group at Masco Corporation (NYSE: MAS), a $7.5 billion manufacturer,
distributor, and installer of home improvement and building products. From
1994 to 2008 Mr. Yaggi held a number of senior management positions at
Whirlpool Corporation. As Executive Vice President, Market Operations, North
America for Whirlpool, Mr. Yaggi was responsible for successfully leading
operational functions that accounted for approximately $12 billion in revenue,
including brand marketing, product management and development, sales, supply
chain and consumer care.
"Tim will be a great asset to Tempur-Pedic," said Mark Sarvary, President and
CEO of Tempur-Pedic International. "He brings a wealth of talent and deep
operational experience in consumer products that will help Tempur-Pedic
continue to grow as the worldwide leader in premium and specialty sleep."
Commenting on his appointment, Mr. Yaggi said, "I'm looking forward to working
with Mark and the entire Tempur-Pedic team to implement the strategic vision
and to help manage the operational complexity of a company that has achieved
Mr. Yaggi received his AB from Princeton University and an MBA from Michigan
About the Company
Tempur-Pedic International Inc. (NYSE: TPX) manufactures and distributes
mattresses and pillows made from its proprietary TEMPUR(R) pressure-relieving
material. It is the worldwide leader in premium and specialty sleep. The
Company is focused on developing, manufacturing and marketing advanced sleep
surfaces that help improve the quality of life for people around the world.
The Company's products are currently sold in over 80 countries under the
TEMPUR(R) and Tempur-Pedic(R) brand names. World headquarters for Tempur-Pedic
International is in Lexington, KY. For more information, visit
http://www.tempurpedic.com or call 800-805-3635.
SOURCE Tempur-Pedic International Inc.
Contact: Mark Rupe, Vice President, Tempur-Pedic International Inc.,
+1-800-805-3635, email@example.com; Media Contact: Contacts
for Tempur-Pedic International: Michael Geller, Edelman for Tempur-Pedic
International, +1-212-729-2163, Mike.Geller@edelman.com; Trevor Gibbons,
Edelman for Tempur-Pedic International, +1-212-704-8166,
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