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Prillaman To Focus On Strategic Issues At Stanley Furniture

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Stanley Furniture Company, Inc. announced that its Board of Directors has elected Albert L. Prillaman as Chairman to focus on strategic issues. “The Board and I asked Albert to return to his role as Chairman to take a more active role in strategic matters given the uncertainties facing the furniture industry in the current business environment,” said Jeffrey R. Scheffer, President and Chief Executive Officer. “We believe tapping Albert’s talent and experience in these turbulent times for the industry will strengthen the company and better position us for the eventual upturn in business,” concluded Mr. Scheffer. Established in 1924, Stanley Furniture Company, Inc. is a leading manufacturer of wood furniture targeted at the upper-medium price range of the residential market. Its common stock is traded on the Nasdaq stock market under the symbol STLY.

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