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Somnigroup Announces New President of Mattress Firm

1. Steve Rusing appointed President of Mattress Firm starting March 10, 2025. 2. Rusing brings 30 years of industry experience from Tempur Sealy. 3. He will lead Mattress Firm in a new chapter under Somnigroup. 4. Rusing's strategy experience may enhance sales and retail distribution channels. 5. Somnigroup emphasizes long-term shareholder value and sustainability commitments.

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FAQ

Why Bullish?

The appointment of a seasoned leader like Rusing can drive growth and innovation.

How important is it?

The leadership change could significantly influence Mattress Firm's performance, positively affecting SGI's stock.

Why Long Term?

Leadership changes in a major subsidiary often lead to long-term strategic shifts and improvements.

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, /PRNewswire/ -- Somnigroup International, Inc. (NYSE: SGI, "Company" or "Somnigroup") today announced that Steve Rusing has been appointed President of Mattress Firm, effective March 10, 2025. Mr. Rusing will report to Scott Thompson, Interim Chief Executive Officer of Mattress Firm, and the Chairman, President and CEO of Somnigroup. Mattress Firm's executive leadership team will report to Mr.  Rusing.  "Steve is one of the most experienced and well-respected executives in the bedding industry, and I am excited that he will lead the talented team at Mattress Firm as it begins a new chapter within the Somnigroup portfolio," commented Thompson.  "Over the course of his 30-year career at Tempur Sealy, his broad experience spanning sales leadership, product development, merchandising and retailer advertising have been invaluable to driving growth for both the company and for its third-party retailers. Additionally, over the last five years while serving as President of US Sales, he played an instrumental role in shaping the evolution of Tempur Sealy's omnichannel strategy, ensuring the success of every distribution channel and minimizing channel conflict." Mr. Rusing will be based out of Mattress Firm's office in Houston, Texas. About Somnigroup Somnigroup (NYSE: SGI) is the world's largest bedding company, dedicated to improving people's lives through better sleep. With superior capabilities in design, manufacturing, distribution and retail, we deliver breakthrough sleep solutions and serve the evolving needs of consumers in more than 100 countries worldwide through our fully-owned businesses, Tempur Sealy, Mattress Firm and Dreams. Our portfolio includes the most highly recognized brands in the industry, including Tempur-Pedic®, Sealy® and Stearns & Foster®, and our global omni-channel platform enables us to meet consumers wherever they shop, offering a personal connection and innovation to provide a unique retail experience and tailored solutions.  We seek to deliver long-term value for our shareholders through prudent capital allocation, including managing investments in our businesses. We are guided by our core value of Doing the Right Thing and committed to our global responsibility to protect the environment and the communities in which we operate. For more information, please visit www.somnigroup.com. Investor Relations Contact Aubrey MooreInvestor RelationsSomnigroup International Inc.[email protected] SOURCE Somnigroup International WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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