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Doug Bergeron, a 5.2% shareholder of Ethan Allen Interiors Inc., called the company's announced CEO succession process "too little, too late" and an "abject failure of governance." He argued the board acted only after pressure from his campaign and contrasted this with the independent CEO search already underway by his
Ethan Allen Interiors said its board has ongoing CEO succession process to drive the next phase of value creation.
Ethan Allen Interiors says its board is running a formal independent CEO succession process considering internal and external candidates, with a commitment to announce the next CEO no later than June 30.