Charles Tyson, president and CEO of LL Flooring, resigned as an officer and director of the company effective immediately, according to documents filed with the United States Securities and Exchange Commission on November 1. Concurrently, the LL Flooring board of directors reduced its size from six to five.
On September 6, Thomas Sullivan, Lumber Liquidators’ founder, and former CEO, purchased 219 LL Flooring stores through the private equity firm F9 Investments. Sullivan said he would keep operating the stores but rebrand them as Lumber Liquidators.
Tyson was appointed president and CEO in May 2020 and joined LL Flooring’s board of directors concurrently. Tyson previously served as interim president from February 2020 until May 2020 and served as Chief Customer Experience Officer from June 2018 until May 2020.
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