Henredon Furniture Industries Names Steve McKee President and Chief Operating Officer

Business Wire, Feb 2, 2004

Business Editors

MORGANTON, N.C.--(BUSINESS WIRE)--Feb. 2, 2004

Michael Dugan, Chief Executive Officer of Henredon Furniture Industries, Inc., today announced the appointment of Steve McKee as President and Chief Operating Officer of Henredon.

Mr. McKee, age 51, began his career with Macy's Department Stores and held a number of executive posts at Shillito's and Joske's. In 1987 he joined Gabbert's and was named President in 1995. Leaving Gabberts in 1998, he became president of the HOME Company. He joined Henredon in February 2002 and has served since that date as Executive Vice-President, Sales and Marketing. Mr. Dugan, who has been President and Chief Executive Officer of Henredon since 1987, will continue to serve as Chairman, Chief Executive Officer.

In a related move, Tom O'Connell has been appointed as Executive Vice President, Operations. Previously VP, Chief Financial Officer at Henredon, O'Connell will be responsible for the company's manufacturing and importing functions in addition to finance and administration.

Mr. Dugan commented: "These appointments are part of an orderly succession process at Henredon. While I will continue to oversee the strategic direction of the company and will be closely involved with our other companies such as Hickory Chair, Steve and Tom will undertake a much broader role in the day to day operations of the company.

"Steve is an extraordinarily talented individual, with a strong background in sales and marketing. His experience in the retail sector will be invaluable as Henredon continues the development of its own retail presence. He has the respect of the Henredon staff and of the leaders in our industry, and I know he will take this company to the next level."

Mr. McKee commented: "I appreciate Mike's confidence in offering me this great challenge. Henredon has the right product line, the right strategic direction, and the best brand name in our sector of the furniture industry. I am excited about the opportunity to undertake this new role and to build upon my close working relationship with Mike and with the rest of the talented Henredon management team as we continue to grow this company."

W.G. (Mickey) Holliman, Chairman, President and Chief Executive Officer of Furniture Brands International, Inc. (NYSE:FBN), the parent company of Henredon, said: "Under Mike Dugan's leadership, Henredon has become established as the leading manufacturer in the upper end of our industry. With these appointments, we are assured that Henredon's future will be as bright as its past. I look forward to the contributions Mike, Steve and Tom will continue to make to this great company."

Henredon is a subsidiary of Furniture Brands International, Inc. (NYSE:FBN), America's largest home furnishings manufacturer, manufacturing and sourcing its products under six of the best-known brand names in the industry - Broyhill, Lane, Thomasville, Henredon, Drexel Heritage and Maitland-Smith. Furniture Brands markets its products across a broad spectrum of price categories and distributes its products through an extensive system of independently owned national, regional and local retailers.