Kolb To Step Down From Mohawk Board

Calhoun, GA, Feb. 22, 2013 -- David Kolb notified Mohawk's board of directors that he will retire and not seek another term on the board.

According to the company's filing with the Securities and Exchange Commission, Kolb, and another retiring board member, Phyllis Bonanno, will complete their current terms.

Kolb is a former board chairman and stepped down from that position in 2004. Many people know that Kolb was the driving force and visionary in the early stages of Mohawk's growth. He took the company public in 1992 and grew the company from $300 million to $1.5 billion in 1994. Using public equity, he acquired Horizon in 92, Karastan, Bigelow, Fieldcrest Cannon and American Rug Chrafsman in '93, and Aladdin in '94. Even after the Aladdin acquistion in '94 which gave the Lorberbaum family controlling interest in the company, Kolb went on to drive the acquistions of Galaxy, World and Image. 

Kolb joined Mohawk in 1980. He was an attorney but served as the director of Allied Fiber's carpet fiber division. Kolb was at the helm at Mohawk when it moved its headquarters from Amsterdam, New York to Atlanta, Georgia.

Many who know Kolb's management style said he was very intellegent and spoke softly at the board meetings. He chose his words wisely.  Floor Focus incuded Kolb as one of the top twenty most influential leaders of the floorcovering industry in its 20th anniversary issue last year.



Other Archived Articles

Wholesale Inventories Rise in September   Full Article
Washington, DC, Nov. 12, 2014 -- U.S. wholesale inventories rose 0.3% in September after a 0.6% gain in August, according to the Commerce Department.

Beazer Homes Returns To Profit for Year   Full Article
Atlanta, GA, Nov. 12, 2014 -- Beazer Homes reported fiscal fourth-quarter net income of $59.8 million or $1.88 per share, compared to $11.9 million a year ago.

Mortgage Applications Fall Last Week   Full Article
Washington, DC, Nov. 12, 2014 -- Applications for U.S. home mortgages fell last week as interest rates rose, according to the Mortgage Bankers Association.

NAFCD Names Award Winners   Full Article
Chicago, IL, Nov. 12, 2014 -- The North American Association of Floor Covering Distributors has named the winners of its Leadership in Action and Lifetime Achievement awards.

First TISE East Draws International Attendees   Full Article
Dallas, TX, Nov. 12, 2014 -- Hanley Wood Exhibitions said that its first-ever International Surface Event East featured 185 exhibiting companies covering over 50,000 square feet of booths and displays.

NAFCD Urges Members To Support Habitat Stores   Full Article
Chicago, IL, Nov. 11, 2014 -- The North American Association of Floor Covering Distributors Association is urging its members to support Habitat for Humanity's ReStores by donating materials and products.

Former Mannington VP Hollinger Dies   Full Article
Kennett Square, PA, Nov. 11, 2014 -- Mark A. Hollinger, age 58, a long-time Mannington Mills employee, died Nov. 5 after a year long battle with glioblastoma multiforme.

Desso Using Water Company Waste in Carpet Tile   Full Article
Waalwijk, The Netherlands, Nov. 11, 2014 -- Carpet company Desso said it is using chalk from local water companies to make its products.

Investment Adviser Reduces Stake in Armstrong   Full Article
Boston, MA, Nov. 11, 2014 -- Wellington Management Company of Boston has reduced its stake in Armstrong World Industries to less than 5% of the firm.

Mr. David's Founders Named Persons of Year   Full Article
Chicago, IL, Nov. 11, 2014 -- David and Leonard Zmijewski, the founders of Mr. David's Flooring International, have been named Persons of the Year by the Chicago Floor Covering Association.

Dover Rug & Home Wins Philanthropy Award   Full Article
Natick, MA, Nov. 10, 2014 -- Dover Rug & Home said it is the recipient of the 2014 Community Excellence Award, given by the Family Business Association of Massachusetts.

More Home Refinancers Taking Cash at Closing   Full Article
Washington, DC, Nov. 10, 2014 -- Borrowers cashed out an estimated $8 billion in home equity through refinancing of conventional mortgages in the third quarter, according to Freddie Mac’s quarterly refinancing report.

Berkshire Hathaway Reports Lower Sales and Earnings for Shaw   Full Article
Omaha, NE, Nov. 10, 2014 -- Berkshire Hathaway reported third quarter net earnings of $4.6 billion, or $2,811 a Class A share, compared with $5 billion, or $3,074 a share, a year earlier.

Existing Home Sales Expected To Pick Up Next Year   Full Article
Washington, DC, Nov. 10, 2014 -- Sales of previously-owned homes next year may hit the fastest pace since 2006, according to the National Association of Realtors.

Former Starnet Chairman Wins Mayoral Election   Full Article
Point Pleasant, NJ, Nov. 7, 2014 -- Former Starnet chairman Bob Sabosik won his bid for mayor in Tuesday's elections in Point Pleasant.

Mohawk CEO Lorberbaum Discusses Firm's Growth   Full Article
Chattanooga, TN, Nov. 7, 2014 -- Mohawk Industries CEO Jeff Lorberbaum told the Chattanooga Rotary Club that his firm is investing $500 million in its existing businesses in a bet on an improving economy.

Economy Adds 214K Jobs, Unemployment Falls   Full Article
Washington, DC, Nov. 7, 2014 -- Employers added 214,000 jobs in October and the unemployment rate fell again, the Labor Department said.

Attendance at Cersaie Rises This Year   Full Article
Bologna, Italy, Nov. 7, 2014 -- Attendance at Cersaie 2014, the international exhibition of ceramic tile and bathroom furnishings held in Bologna in September, once again topped 100,000 visits, according to organizers.

Builders More Confident in Senior Housing Market   Full Article
Washington, DC, Nov. 7, 2014 -- Builder confidence in the 55+ housing market was up again in the third quarter, according to the latest release of NAHB’s 55+ Housing Market Index.

Housing Markets Improving at a Gradual Pace   Full Article
Washington, DC, Nov. 6, 2014 -- Markets in 59 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter.