Interface, Inc. (NASDAQ: TILE), the global flooring solutions
company and leader in sustainability, has appointed Catherine
Marcus to its Board of Directors.
Marcus is steeped in the commercial real estate industry and
brings a deep understanding of the corporate office segment, a
critical area of focus and growth for Interface. With her extensive
insights into the dynamic needs of its core commercial customers,
she will help Interface identify growth opportunities and drive the
company to deliver differentiated, design-forward, market-leading
premium flooring solutions to this important segment, among
others.
Catherine serves as the Co-CEO and Chief Operating Officer of
PGIM Real Estate, one of the world’s largest global real estate
investment managers and a major profit center of PGIM, the global
asset management business of Prudential Financial, Inc. (NYSE:
PRU). She is responsible for global strategy and oversees PGIM Real
Estate’s business and investment operations globally. She is also a
member of the board of directors for Skanska AB (Nasdaq Stockholm:
SKA B), the multinational construction company.
"Cathy is a visionary leader and brings invaluable strategic
perspective and insight to Interface," said Laurel Hurd, CEO of
Interface. "She has an amazing track record in the real estate
investment industry and knows our corporate office customers, what
they need, and how the landscape is evolving – with her guidance,
Interface can serve them even better. She also brings years of
global experience to the table, understanding how to motivate and
lead local teams while driving global efficiency and consistency. I
am confident that her insights will play a pivotal role in
accelerating our growth and delivering shareholder value.”
Since joining Prudential Financial in 1998, Marcus has
revitalized PGIM Real Estate by striking a balance between
centralized control of operations and on-the-ground business
agility, which is a model very similar to Interface with its
integrated, global operations. In addition, her contributions
transformed PGIM Real Estate into the technologically advanced,
high-margin global enterprise it is today, and she will guide the
team on new approaches to support the company’s efficiency and
productivity objectives.
Marcus has a Bachelor of Science degree in Real Estate Finance
and Entrepreneurial Management from the Wharton School at the
University of Pennsylvania and a Master of Science in Real Estate
Investment and Development from New York University.
Interface's board now includes the following 10 directors:
- John Burke, CEO, Trek Bicycle Corporation
- Dwight Gibson, former CEO, BlueLinx Holdings, Inc.
- Daniel Hendrix, Board Chairman; former CEO, Interface
- Laurel Hurd, CEO, Interface
- Christopher Kennedy, Board Lead Independent Director; Chairman,
Kennedy Real Estate
- Joseph Keough, Chairman and CEO, Wood Partners
- Catherine Kilbane, former SVP, General Counsel and Secretary,
The Sherwin Williams Company
- David Kohler, Chair and CEO, Kohler Co.
- Catherine Marcus, Co-CEO and COO, PGIM Real Estate
- Robert T. O’Brien, former Deputy Managing Partner, Growth &
Offerings, Deloitte & Touche LLP
Visit the Interface investor website at
https://investors.interface.com for additional information.
About Interface
Interface, Inc., (NASDAQ: TILE) is a global flooring solutions
enterprise with an integrated portfolio of carpet tile and
resilient flooring products, where everything is third-party
certified carbon neutral. With our design approach to flooring
systems, we help our customers create high-performance interior
spaces that have a positive impact on people’s lives and the
planet. Our range includes Interface® carpet tile and LVT, nora® by
Interface rubber flooring, and FLOR® premium area rugs for
commercial and residential spaces.
Interface is third-party certified as a Carbon Neutral
Enterprise. We neutralized our carbon impact across our entire
business, including all operations and our full value chain,
marking an important milestone toward our objective to become a
restorative and carbon negative enterprise by 2040.
Learn more about Interface at interface.com and
blog.interface.com, nora by Interface at nora.com, FLOR at
FLOR.com, our sustainability journey at
interface.com/sustainability, and our Carbon Neutral Enterprise
certification at
https://www.interface.com/US/en-US/sustainability/carbon-neutral-enterprise.html.
Follow us on Facebook, Instagram, LinkedIn, Twitter, and
Pinterest.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995:
Except for historical information contained herein, the other
matters set forth in this news release are forward-looking
statements. Forward-looking statements may be identified by words
such as “may,” “expect,” “forecast,” “anticipate,” “intend,”
“plan,” “believe,” “could,” "should," "goal," "aim," "objective,"
“seek,” “project,” “estimate,” “target,” “will” and similar
expressions. The forward-looking statements set forth above involve
a number of risks and uncertainties that could cause actual results
to differ materially from any such statement, including but not
limited to the risks under the following subheadings in “Risk
Factors” in the Company's Annual Report on Form 10-K for the fiscal
year ended January 1, 2023: "We compete with a large number of
manufacturers in the highly competitive floorcovering products
market, and some of these competitors have greater financial
resources than we do. We may face challenges competing on price,
making investments in our business, or competing on product design
or sustainability", "Our earnings could be adversely affected by
non-cash adjustments to goodwill, when a test of goodwill assets
indicates a material impairment of those assets", "Our success
depends significantly upon the efforts, abilities and continued
service of our senior management executives, our principal design
consultant and other key personnel (including experienced sales and
manufacturing personnel), and our loss of any of them could affect
us adversely", "Large increases in the cost of our raw materials,
shipping costs, duties or tariffs could adversely affect us if we
are unable to pass these cost increases through to our customers",
"Unanticipated termination or interruption of any of our
arrangements with our primary third-party suppliers of synthetic
fiber or our primary third-party supplier for luxury vinyl tile
(“LVT”) or other key raw materials could have a material adverse
effect on us", "The market price of our common stock has been
volatile and the value of your investment may decline", "Changes to
our facilities, manufacturing processes, product construction, and
product composition could disrupt our operations, increase our
manufacturing costs, increase customer complaints, increase
warranty claims, negatively affect our reputation, and have a
material adverse effect on our financial condition and results of
operations", "Our business operations could suffer significant
losses from natural disasters, acts of war, terrorism,
catastrophes, fire, adverse weather conditions, pandemics,
endemics, unstable geopolitical situations or other unexpected
events", "Disruptions to or failures of our information technology
systems could adversely affect our business", "The impact of
potential changes to environmental laws and regulations and
industry standards regarding climate change could lead to
unforeseen disruptions to our business operations", "The COVID-19
pandemic has had and could continue to have (and other public
health emergencies could have in the future) a material adverse
effect on our ability to operate, our ability to keep employees
safe from the pandemic, our results of operations, financial
condition, liquidity, capital investments, our near term and long
term ability to stay in compliance with debt covenants under our
Syndicated Credit Facility and Senior Notes, our ability to
refinance our existing indebtedness, and our ability to obtain
financing in capital markets", "Sales of our principal products
have been and may continue to be affected by the COVID-19 pandemic,
adverse economic cycles, and effects in the new construction market
and renovation market", "Our substantial international operations
are subject to various political, economic and other uncertainties
that could adversely affect our business results, including foreign
currency fluctuations, restrictive taxation, custom duties, border
closings or other adverse government regulations", "The conflict
between Russia and Ukraine could adversely affect our business,
results of operations and financial position", "Fluctuations in
foreign currency exchange rates have had, and could continue to
have, an adverse impact on our financial condition and results of
operations", "The uncertainty surrounding the ongoing
implementation and effect of the U.K.’s exit from the European
Union, and related negative developments in the European Union
could adversely affect our business, results of operations or
financial condition", "We have a substantial amount of debt, which
could adversely affect our business, financial condition and
results of operations and our ability to meet our payment
obligations under our debt", "Servicing our debt requires a
significant amount of cash, and we may not have sufficient cash
flow from our operations to pay our indebtedness", "We may incur
substantial additional indebtedness, which could further exacerbate
the risks associated with our substantial indebtedness", "We face
risks associated with litigation and claims". You should consider
any additional or updated information we include under the heading
“Risk Factors” in our subsequent quarterly and annual reports.
Any forward-looking statements are made pursuant to the Private
Securities Litigation Reform Act of 1995 and, as such, speak only
as of the date made. The Company assumes no responsibility to
update or revise forward-looking statements made in this press
release and cautions readers not to place undue reliance on any
such forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231207740242/en/
Media Contact: Christine Needles Global Corporate Communications
Christine.Needles@interface.com +1 404-491-4660 Investor Contact:
Bruce Hausmann Chief Financial Officer Bruce.Hausmann@interface.com
+1 770-437-6802
Interface (NASDAQ:TILE)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
Interface (NASDAQ:TILE)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024