Houston-based Mattress Firm Inc. announced Jan. 26 that Ken Murphy will step down as CEO and president.
Steve Stagner, executive chairman and chairman of the board, will take over the CEO duties, according to a press release. The transition will be effective March 1.
The move was a joint decision between Murphy and Mattress Firm’s board and aims to address the company’s “need for a singular voice of leadership … as it navigates the next phase of its growth story,” per the release.
Houston Biz Journal
Mattress Firm CEO to step down