Stanley Furniture Company, Inc. has recently announced that John D. "lan" Lapey has been elected to its Board of Directors effective October 24, 2014.
Ian Lapey is a private investor and most recently a partnet with Third Avenue Management where he served in various capacities from 2001 to 2014. Prior to this, Mr. Lapey was an equity analyst focusing on housing and furniture with Credit Suisse First Boston and Salomon Brothers.
“Our Board of Directors has played an integral part in seeing our company through its transformation from domestic manufacturer to a company sourcing and marketing a brand with a rich heritage increasingly recognized around the world,” stated Glenn Prillaman, President and Chief Executive Officer. “We are pleased to add a new board member who is familiar with our company and has experience in the equity markets along with expertise in the housing and furniture markets.”
"I have been following Stanley for more than fifteen years and have great respect for the company and its management team. I am excited to be joining the Board of Directors and hope to contribute to significant long term growth in shareholder value," commented Mr. Lapey.
