ATLANTA, Jan. 9, 2013 /PRNewswire/ -- Interface, Inc.
(NASDAQ: IFSIA), the world's largest manufacturer of modular
carpet, today announced the election of Andrew Cogan to its board of directors.
This addition brings the total members of the Company's board of
directors to 10, of which 9 are independent directors. Mr.
Cogan, age 50, is chief executive officer of Knoll, Inc., a leading
designer and manufacturer of branded office furniture products and
textiles recognized for innovation and modern design. He assumed
the role of CEO at Knoll in April
2001, after serving in several leadership positions in the
company, including chief operating officer and executive vice
president for marketing and product development. Mr. Cogan is
president of the board of directors for the Chinati Foundation, a
renowned contemporary art museum in Marfa, Texas, and has been a Director of
American Woodmark Corp. since March 3,
2009. Mr. Cogan holds an undergraduate degree from
Harvard College.
Daniel T. Hendrix, chairman and
CEO of Interface, commented, "We are very pleased to welcome Andrew
to Interface's board of directors. Knoll and Interface share
a commitment to sustainably designed products with a modern
aesthetic. Andrew's knowledge of Knoll's design heritage,
combined with his leadership in marketing and product development,
will be beneficial to Interface. We look forward to his
contributions."
Interface, Inc. is the world's largest manufacturer of modular
carpet, which it markets under the Interface, FLOR,
and Heuga brands. The Company is committed to the goal of
sustainability and doing business in ways that minimize the impact
on the environment while enhancing shareholder value.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 :
Except for historical information contained herein, the other
matters set forth in this news release are forward‑looking
statements. The forward-looking statements set forth above
involve a number of risks and uncertainties that could cause actual
results to differ materially from any such statement, including
risks and uncertainties associated with economic conditions in the
commercial interiors industry as well as the risks and
uncertainties discussed under the heading "Risk Factors" included
in Item 1A of the Company 's Annual Report on Form
10-K for the fiscal year ended January 1,
2012, which discussion is incorporated herein by this
reference, including, but not limited to, the discussion of
specific risks and uncertainties under the headings "The
ongoing worldwide financial and credit crisis could have a material
adverse effect on our business, financial condition and results of
operations," "Sales of our principal products have been and may
continue to be affected by adverse economic cycles in the
renovation and construction of commercial and institutional
buildings," " We compete with a large number of
manufacturers in the highly competitive commercial floorcovering
products market, and some of these competitors have greater
financial resources than we do," "Our success depends significantly
upon the efforts, abilities and continued service of our senior
management executives and our principal design consultant, and our
loss of any of them could affect us adversely," "Our substantial
international operations are subject to various political, economic
and other uncertainties that could adversely affect our business
results, including by restrictive taxation or other government
regulation and by foreign currency fluctuations," "Concerns
regarding the European sovereign debt crisis and market perceptions
about the instability of the euro, the potential re-introduction of
individual currencies within the Eurozone, or the potential
dissolution of the euro entirely, could adversely affect our
business, results of operations or financial condition," "Large
increases in the cost of petroleum-based raw materials could
adversely affect us if we are unable to pass these cost increases
through to our customers," "Unanticipated termination or
interruption of any of our arrangements with our primary third
party suppliers of synthetic fiber could have a material adverse
effect on us," "We have a significant amount of indebtedness, which
could have important negative consequences to us," "The market
price of our common stock has been volatile and the value of your
investment may decline," "Our earnings in a future period could be
adversely affected by non-cash adjustments to goodwill, if a future
test of goodwill assets indicates a material impairment of those
assets," and "Our Rights Agreement could discourage tender offers
or other transactions for our stock that could result in
shareholders receiving a premium over the market price for our
stock." Any forward-looking statements are made
pursuant to the Private Securities Litigation Reform Act of 1995
and, as such, speak only as of the date made. The Company
assumes no responsibility to update or revise forward-looking
statements made in this press release and cautions readers not to
place undue reliance on any such forward-looking
statements.
SOURCE Interface, Inc.