Tandy Leather CEO set to leave
Tandy Leather Factory, Inc. has announced that Ron Morgan plans to resign as the company's chief executive officer effective June 30. He is not expected to stand for re-election at the 2009 Annual Meeting of Stockholders on May 12.
Mr Morgan’s decision to resign was not because of any disagreement with the company. He cited retirement, after more than 30 years of service to the company which he co-founded, as grounds for his resignation.
It is expected that the board of directors will elect Jon Thompson, the company's president and chief operating officer, as chief executive officer effective July 1.
"I am fortunate to have co-founded and worked at this great company for many years and am confident that I leave it in qualified hands,” said Mr Morgan. “Jon has 30 years of experience in this business and is extremely knowledgeable about what it takes to be successful. I am confident in Jon's ability to lead the company and believe it is time for me to step aside and enjoy the fruits of a lifetime of work."
Mr Thompson currently oversees domestic and international store operations, as well as information technology and leather purchasing.
