MillerKnoll CEO Andi Owen to Retire; COO Jeff Stutz Appointed Interim CEO
MLKN is trading near its 52-week low of $13.773 (7.0% above the low).
Summary
MillerKnoll announced that CEO Andi Owen will retire, with COO Jeff Stutz stepping in as Interim CEO, while the company reiterates its Q4 fiscal 2026 outlook.
Key Events · Executive and Board Changes · MLKN
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CEO Retirement Announced
Andi R. Owen will retire as President and Chief Executive Officer effective June 30, 2026. She resigned from the Board and as an officer effective May 30, 2026, and commenced a leave of absence.
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Interim CEO Appointed
Jeff Stutz, the Company's Chief Operating Officer and former Chief Financial Officer, has been appointed to perform CEO duties immediately and will become Interim Chief Executive Officer effective June 30, 2026.
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Board Size Reduced
The Board of Directors decreased its size from eleven to ten directors, effective May 30, 2026.
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Q4 Outlook Reiterated
The company reaffirmed its fiscal 2026 fourth-quarter guidance, which was previously announced on March 25, 2026.
Analysis · MLKN · Manufacturing
The departure of a CEO, even if mutually agreed, introduces leadership uncertainty. However, the appointment of a long-tenured and experienced COO as interim CEO, coupled with the reiteration of the company's financial outlook, provides a degree of stability during this transition period. The board will conduct a comprehensive search for a permanent CEO.
At the time of this filing, MLKN was trading at $14.74 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1B. The 52-week trading range was $13.77 to $23.18. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.