Lumber Liquidators CEO Abruptly Quits Amid Probe of Flooring
Why Lumber Liquidators CEO Lynch Resigned Unexpectedly
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Lumber Liquidators Holdings Inc. Chief Executive Officer Robert Lynch unexpectedly resigned from his post, adding to the turmoil for a company facing a federal investigation over allegations that it sold toxic flooring.
Company founder Thomas Sullivan is serving as CEO during the search for a permanent replacement, Lumber Liquidators said Thursday in a statement. Lynch also stepped down from the board, and John Presley, the company’s lead independent director, will become nonexecutive chairman.