Founder of Lumber Liquidators Resigns from Board

Thomas D. Sullivan, who founded flooring retailer Lumber Liquidators Holdings Inc. in 1994 and served as its longtime chairman and CEO, recently resigned as a director according to a filing with the Securities and Exchange Commission.

His resignation comes after the company concluded, “that it was appropriate to move Mr. Thomas D. Sullivan from an employee director to a non-employee director to more closely align with the go forward role that Mr. Sullivan would be performing for the company.”

Following that decision, Sullivan submitted his resignation, which the board accepted.

Sullivan served as board chairman from 1994 through May 2015 and president and CEO from 1994 to September 2006. He served as interim CEO in 2015 amid a scandal involving formaldehyde in Chinese flooring sold by Lumber Liquidators.

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