Lumber Liquidators Holdings Inc Bids Adieu to Yet Another Exec

Top executives are dropping like flies at Lumber Liquidators. The company said Monday that its chief merchandising officer, William Schlegel, will be terminated effective Friday.

This marks yet another departure in a string of exits from the wood-flooring retailer in recent months. Its CEO, Robert Lynch, resigned unexpectedly in May, just weeks after its chief financial officer, Daniel Terrell, also stepped down. Lumber Liquidators’ chief compliance officer, Ray Cotton, has also left the company – a move first revealed by LL short seller Whitney Tilson, who discovered the departure by doing a bit of LinkedIn snooping.

Marco Pescara to takeover Schlegel position as Lumber Liquidators' Chief Merchandising Officer

Following Schlegel’s exit on...