Lumber Liquidators has fired its chief merchandising officer William Schlegel, making him the latest top-level executive to leave the company amid allegations that it sold Chinese-made laminate flooring that contained toxic levels of formaldehyde.
What’s the Problem?
Schlegel’s last day will be Friday, May 19, according to ABC News. His position will be filled by Chief Marketing Officer Marco Pescara, who will hold both duties.
Lumber Liquidators hasn’t announced why it fired Schlegel, and the company has declined to comment. The decision was made May 12, the company said in a Securities And Exchange Commission (SEC) filing.
Last month, Lumber Liquidators discontinued sales of all of its Chinese-made laminate flooring after the U.S. Justice Department announced an investigation into the matter. A March 1 CBS News investigation aired on “60 Minutes” revealed that some of the floors contained illegal levels of carcinogen, a known human carcinogen (cancer-causing substance).
The company is also searching for a new CEO after Robert Lynch “unexpectedly” stepped down last month. Lumber Liquidators’ founder Thomas Sullivan has taken over as the company looks for a replacement.