Havertys Announces Election Of New Chairman Of The Board, Chairman Emeritus And Officer Promotions

At the annual meeting of the Board of Directors of HAVERTY FURNITURE COMPANIES, INC., (NYSE: HVT and HVT.A) and consistent with the company’s earlier announcement, L. Phillip “Phil” Humann was elected non-executive chairman succeeding Clarence “Clancy” H. Ridley. Mr. Ridley was elected Chairman Emeritus after serving on the board since 1979 and as chairman since 2001.

Mr. Humann has served on Havertys' board since 1992 and as a member of the Executive Committee since 1995. Prior to his election as chairman, he was as a member of the Compensation Committee and has previously served on the Audit Committee. Mr. Humann was chairman of the board of SunTrust Banks, Inc., a position he held for ten years. He retired in April 2009 and currently is presiding director of Equifax, Inc. and director of Coca Cola Enterprises Inc.

Mr. Humann remarked, “I am honored to serve as chairman of a company with such a long history of integrity and success. We appreciate Clancy’s dedication to Havertys and many years of service as a director and chairman.”

"Phil brings a wealth of experience as a former chairman and chief executive of a Fortune 500 company. He has been a great asset to our board and will be a terrific chairman," said Clarence H. Smith, president and chief executive officer.

The Board also announced the promotions of Allan DeNiro, Jenny Parker, Janet Taylor and Randall Davis.

Allan J. DeNiro was promoted to senior vice president, chief people officer. Mr. DeNiro joined the Company in 2004 as vice president, human resources and was named chief people officer in 2005. He has over 30 years of experience in all areas of human capital development including strategy and organizational design, recruiting, training, labor relations and mentorship.

Jenny H. Parker was promoted to senior vice president, finance, secretary and treasurer. Ms. Parker was a senior manager for KPMG with over 12 years of experience when she joined Havertys in 1994. She has served as a financial officer since 1994 and was promoted to vice president, finance in 1996. Ms. Parker assumed the additional roles of secretary in 1997 and treasurer in 1998.

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