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The board of directors for recreational vehicle furniture supplier Flexsteel Industries Inc. announced Tuesday (June 21) that Ronald J. Klosterman has been named president and COO while also being appointed to a seat on the board.
Additional upper management restructuring included the appointment of Timothy E. Hall as vice president, CFO and treasurer. The Dubuque, Iowa-based company said K. Bruce Lauritsen will continue as CEO.
“These appointments are a part of the succession plan developed by the board of directors,” stated Lauritsen. “This team will continue to serve Flexsteel well and this new alignment is in keeping with the Flexsteel board’s long-standing practice of putting a team in place with an eye to the company’s future needs.”
Klosterman has a long history with Flexsteel, having joined the company 32 years ago in corporate accounting. Most recently he served as executive vice president, director of operations and CFO.