The Board of Directors appointed Jeffrey M. Stutz, previously serving as Interim Chief Executive Officer, to the permanent role of Chief Executive Officer and elected him to the Board effective October 21, 2026. The company entered into an offer letter providing Mr. Stutz with a $1,000,000 annual base salary and target incentive opportunities equal to 525% of his base salary. A one-time equity step-up grant valued at $1,075,000 was also granted to reflect the promotion from Interim CEO. The Board increased its size from ten to eleven members in connection with this appointment. MillerKnoll designs and manufactures furniture for residential and commercial spaces.
