Lumber Liquidators Announces Chief Financial Officer Transition

Lumber Liquidators Holdings, Inc., (the “Company”) announces that its Chief Financial Officer, Martin D. Agard, will resign from the Company effective April 5, 2019 to accept a new role with a company in Florida.  Mr. Agard has been the Company’s Chief Financial Officer since September 2016 and has been instrumental in the rebuilding of the Company’s finance function and clearing many of the legacy issues the Company has faced.  The Company has retained Herbert Mines Associates, a leading executive search firm, to assist in a comprehensive search for a new CFO, which will commence immediately.

Timothy J. Mulvaney, currently the Company’s Chief Accounting Officer, has been named Interim Chief Financial Officer, effective April 5, 2019. Mr. Mulvaney will continue to serve as Chief Accounting Officer.

Mr. Mulvaney has been the Company’s Chief Accounting Officer since June 2017. Mr. Mulvaney is a certified public accountant and spent 20 years in various financial roles with Media General. From 2012 to 2017, Mr. Mulvaney served as Media General’s Controller and Chief Accounting Officer up until the effective time of the merger between Media General and Nexstar Broadcasting Group, Inc. Prior to joining Media General, Mr. Mulvaney spent six years at Ernst & Young LLP.  Mr. Mulvaney has a B.B.A. – Accounting from the College of William and Mary.

Dennis Knowles, Chief Executive Officer, commented, “On behalf of our entire management team and board, I would like to thank Marty for his contribution during this pivotal time in the Company’s transformation. We have a strong bench of talent in our finance and accounting organization, and I have the highest confidence in our interim CFO, Tim Mulvaney, who has been an integral part of our finance organization for the past two years.”

Source: Lumber Liquidators Holdings, Inc.