Robert E. Shaw Steps Down as Shaw CEO

Robert E. Shaw Steps Down as Shaw CEO Dalton, GA, July 20, 2006--Robert E. Shaw, co-founder and Chief Executive Officer of Shaw Industries, Inc., has announced his plan to step down as the CEO effective September 1, 2006. He will remain a member of the company’s board of directors and will advise, at the request of management, on long-range planning including potential acquisitions. In addition, as part of the company’s transition plan, the company has announced that Vance Bell has been elected by the Board to succeed Robert Shaw as the company’s next chief executive officer. Bell is currently executive vice president in charge of operations and is a company veteran for over 30 years. Randy Merritt, also a company veteran of over 30 years and currently executive vice president in charge of sales and marketing, has been elected as president of Shaw Industries, to succeed Julian Saul who recently retired. In commenting on these events, Robert Shaw stated, “I am very excited about the future of Shaw Industries and look forward to helping the new management team in any way that I can. I would also like to thank all of our people, customers and suppliers for their support and for the loyalty they have shown me and Shaw Industries over the years.”

Related Topics:Shaw Industries Group, Inc.

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