Skip to content
Subscriber Only

Lumber Liquidators CEO Abruptly Quits Amid Probe of Flooring

Video player cover image

Why Lumber Liquidators CEO Lynch Resigned Unexpectedly

Updated on

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.