A few weeks ago, Corsicana made a major move to capitalize on the under $1,000 mattress market by acquiring Symbol Mattress.
Now, Ron Clevenger, former CEO of Symbol, has been appointed to Corsicana’s board of directors.
An industry veteran with more than five decades of experience in the sleep products industry—and a 52-year tenure at Symbol—Clevenger will play a pivotal role in the transition of Symbol brands into Corsicana.
“Along with his extensive knowledge of the industry, Ron has an entrepreneurial spirit that is infectious,” says Michael Thompson, CEO of Corsicana. “He will be a tremendous asset in helping us profitably grow our company.
At Symbol Clevenger positioned the company as a leader in the value segment of the mattress industry, launching LuuF, a direct-to-consumer boxed bed brand, as well as expanding its offerings to include sleep products for the healthcare, dormitory, rent to own, and hospitality industries.
“Mike and his leadership team have built a terrific company and I am glad Symbol was able to join the Corsicana organization,” Clevenger says. “It is a good deal for our customers and employees, full of new and exciting opportunity. I look forward to being a part of Corsicana’s future.”