Dalton, GA, September 1, 2006--Tandus Group, Inc., announced today that its board of directors has accepted the resignation of Edgar "Mac" Bridger from the boards of Tandus and C&A Floorcoverings, effective August 31, 2006, and as president and chief executive officer of both entities, effective no later than January 27, 2007.
After thorough deliberations, the board has concluded that the company would be best served by a change in leadership. Tandus has launched a search to identify a new CEO, and Bridger has agreed to stay on with the company through a transition period to ensure a smooth transfer of leadership and to consult with the company for a period of time thereafter.
"I am very proud of the Tandus team and what has been achieved," Bridger said. "The company is well positioned for the future. The recent facility consolidation increased manufacturing efficiency and improved customer service.
In addition, the recent Best of NeoCon Gold Award for our Beneath the Surface carpet tile collection, making it the third year in a row that Tandus has won gold, illustrates the company's impressive design capabilities. Tandus and its people have been an important part of my life, and I look forward to their continued success."
"Tandus has enjoyed many successes during Mac's tenure. A constant has been his belief in the company," said the company's Chairman, Richard J. Goldstein. "We thank Mac for his service and dedication, and count on his assistance through this transition."
Bridger will remain an equity investor in Tandus following his resignation.
