1. Steve Rusing appointed as CEO of Mattress Firm effective August 14, 2025. 2. Thompson praises Rusing for enhancing Mattress Firm's operational focus and performance. 3. Somnigroup is the largest bedding company with a global presence. 4. Rusing's dual role aims for better agility and alignment in operations. 5. Strategic leadership is expected to positively influence future company performance.
The appointment of a capable CEO often leads to improved company performance and shareholder confidence. Historical examples show increased stock prices after leadership transitions in successful companies.
The leadership change is critical for Somnigroup's future direction, impacting overall corporate strategy and investor confidence significantly.
Leadership changes typically take time to reflect in company strategy and market performance. A strong CEO generally drives innovation and growth, reshaping investor sentiment positively over time.
DALLAS, Aug. 18, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI) announced today that Steve Rusing, currently serving as President of Mattress Firm, has expanded his leadership role to President and Chief Executive Officer, effective August 14, 2025. Scott Thompson, Somnigroup's Chairman, CEO and President, has been serving as Mattress Firm's interim Chief Executive Officer since February 2025.
"Combining the roles of President and CEO of Mattress Firm will allow Steve to lead with greater agility and alignment across all aspects of the company," said Thompson. "Over these past few months, Steve has made a tremendous impact on the direction and strategy of Mattress Firm. Under his leadership, the team has sharpened their operational focus, building momentum, and driving solid performance as seen in the results we reported earlier this month. With Steve at the helm, I am confident that Mattress Firm's best chapters are still ahead."
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®, Stearns & Foster®, and Sleepy's®, 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.
Somnigroup Investor Relations Contact
Aubrey Moore
Investor Relations
Somnigroup International Inc.
800-805-3635
Investor.relations@somnigroup.com
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SOURCE Somnigroup International