New leadership changes at Flexsteel
- Flexsteel appoints Michael Ressler as CFO
- Ressler has been with Flexsteel for over 17 years
- Derek Schmidt promoted to president
- Ressler to lead manufacturing operations as well
Flexsteel, the furniture maker, has announced the appointment of Michael Ressler as its new Chief Financial Officer (CFO). Ressler, who has been with the company for over 17 years, previously held the position of Vice President of Manufacturing. In addition to his new role as CFO, Ressler will continue to lead manufacturing operations. The company also promoted Derek Schmidt, who previously served as CFO and Chief Operating Officer, to the position of President. These leadership changes come as Flexsteel reported its fiscal second-quarter results.
Public Companies: Flexsteel (N/A)
Private Companies:
Key People: Michael Ressler (Chief Financial Officer), Derek Schmidt (Chief Operating Officer)
Factuality Level: 8
Justification: The article provides factual information about the appointment of Michael Ressler as the chief financial officer of Flexsteel, succeeding Derek Schmidt. It also mentions that Ressler has been with the company for over 17 years and was previously the vice president of manufacturing. The article reports on the elevation of Schmidt to president and the company’s fiscal second-quarter results. The information provided is straightforward and does not contain any obvious bias or misleading information.
Noise Level: 3
Justification: The article provides a brief update on the executive changes at Flexsteel, but it lacks in-depth analysis or any mention of long-term trends or antifragility. It also does not hold powerful people accountable or explore the consequences of the decisions. The article stays on topic and provides some information on the new roles of Michael Ressler and Derek Schmidt, but it lacks evidence, data, or examples to support its claims. Overall, the article contains mostly factual information without much depth or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: The appointment of a new chief financial officer may impact the financial performance and operations of Flexsteel, a furniture maker.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: This news article pertains to the appointment of a new chief financial officer at Flexsteel, which is a financial event that may have implications for the company’s financial performance and operations.
www.marketwatch.com 
