MillerKnoll Names Jeff Stutz Chief Executive Officer
MLKN sits 54% above its 52-week low of $13.773.
Summary
MillerKnoll's board appointed Jeff Stutz as CEO, a permanent leadership decision at a company with a ~$1.5B market cap. His package sets a $1,000,000 base salary, a 125% ($1,250,000) target bonus, a $4,000,000 target annual LTI value and a one-time $1,075,000 step-up equity grant. The move follows a stretch of executive turnover: former CEO Andrea Owen filed multiple Form 144s to sell shares in August, and the company just held its October 12 annual meeting where shareholders approved the 2026 Long-Term Incentive Plan. Stutz inherits a business that beat on Q1 FY2027 adjusted EPS ($0.53) with orders up 3.2% despite a 3.4% sales decline, and guided Q2 revenue to $972M-$1.01B. Leadership continuity matters here because the Q2 guidance range and the new restructuring plan are the near-term swing factors for the stock.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Stutz's CEO package sets a $1,000,000 base salary, a 125% ($1,250,000) target bonus, a $4,000,000 target annual LTI value and a one-time $1,075,000 step-up equity grant.
At the time of this announcement, MLKN was trading at $21.27 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $13.77 to $24.71. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.