Leggett & Platt’s CEO Karl Glassman is retiring, and in his place, the board-appointed Mitch Dolloff will take over as CEO and president effective Jan.1, 2022.
Dolloff currently serves as president and COO, and joined Leggett & Platt in 2000 in the mergers and acquisitions department, where he then transitioned to operations and has successfully led various operations for the past two decades.
“As we’ve collaborated and learned from each other over the years, Mitch has been a trusted colleague and close friend, and he’s the absolute right person to be CEO for the future of this company,” Glassman says. “Throughout his career, Mitch has proven himself as a doer – a quality that often takes guts and fortitude. Mitch’s leadership of our COVID-19 response efforts continues to be a key driver in keeping our people safe. I have absolute confidence that Mitch will build upon these achievements to serve L&P – and more importantly, our employees – well into the future.”
Glassman has been CEO since 2016 and will become Executive Chairman of the Board. Before assuming the role of CEO, he served as the company’s COO for 10 years and in various positions of increasing responsibility since he joined Leggett & Platt nearly 40 years ago.
Through his various roles, Karl has led value creation for the company, with a focus on team building and empowering people.
“I will continue to support L&P in my new role,” Glassman says. “As I begin to reflect on my career, the memories I treasure will always be centered around our people. As a leader, I have empowered our people to make decisions and then get out of their way. That’s always when they perform to their highest levels and satisfaction. I’ve been around this company for a long time, and I’m very respectful of our rich history, but frankly, I’m much more excited for the future.”
Over the next few weeks, Glassman says he and Dolloff will share more details about the upcoming transition.