Haverty Furniture Announces Executive Promotions

Furniture World News

At the annual meeting of the Board of Directors of Haverty Furniture Companies, Inc., held on May 18, 2006, the promotions of Janet E. Taylor, Steven M. Langer, Matt C. Scalf, Scott T. Miles, and Heather L. Wujek-Johns were announced Janet E. Taylor was promoted to vice president and general counsel. Prior to joining Havertys in 2005 as vice president, law she served as a partner in the corporate department at the Atlanta office of King & Spalding. She also has served as assistant general counsel for a medical services corporation. Steven M. Langer was promoted to vice president, supply chain. He joined the Company in 2005 as assistant vice president, supply chain and has more fully developed and strengthened this key area. He has gained considerable expertise in this field during his career working with global companies such as Georgia Pacific and Delta Airlines. Matt C. Scalf was promoted to vice president, import services. He has over 20 years of experience in the furniture industry and joined the Company in 2004. He represents Havertys overseas and works closely with manufacturers in Asia and the Company's quality control firm. Scott T. Miles was promoted to assistant vice president, stores. He has held a variety of positions in store operations, serving as the market area manager for the Company's expansion into Cincinnati, Ohio and as operations manager of the Metro-D.C. market area. Prior to joining Havertys in 2002, he supervised store operations for over 28 stores in 5 states for a regional retail furniture chain. Heather L. Wujek-Johns was promoted to assistant vice president, financial planning and analysis. Her responsibilities include managing the corporate- wide budget and forecast processes and financial analysis. Prior to joining Havertys in 2004, she gained significant financial experience in the marketing services industry. Clarence H. Smith, president and chief executive officer said, "We are pleased to promote these experienced, dedicated professionals to serve in key positions in our distribution, merchandising and store support areas of our business, functions critical to Havertys' success." The directors also declared a cash dividend to be paid on the two classes of $1 par value common stock of the Company, payable Wednesday, June 14, 2006, to stockholders of record at the close of business on Tuesday, May 30, 2006, at a rate of $0.0675 per share on the outstanding shares of Common Stock (Cusip #419596101) and $0.0625 per share on the outstanding shares of Class A Common Stock (Cusip #419596200). Haverty Furniture Companies, Inc. has paid a quarterly cash dividend since 1935 and has increased the cash dividend paid to stockholders in each of the past 31 years. Havertys is a full-service home furnishings retailer with 119 showrooms in 17 states in the Southern and Midwestern regions providing its customers with a wide selection of quality merchandise in middle- to upper-middle price ranges. Additional information is available on the Company's website at www.havertys.com.