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CEO AND CHAIRMAN, BASSETT FURNITURE INDUSTRIES, BASSETT
CEO AND CHAIRMAN, BASSETT FURNITURE INDUSTRIES, BASSETT
Virginia Business// August 29, 2024//
Spilman has led Bassett Furniture as CEO since 2000, also becoming the company’s board chairman in 2016. He has been with the home furniture manufacturer and seller for four decades and succeeded his father, Robert H. Spilman Sr., as CEO.
The company, with almost 90 locations nationally, reported a 19.6% decrease in net sales for the first quarter of fiscal 2024 compared with the first quarter of fiscal 2023, and a 17% decrease in revenues for the second quarter of fiscal 2024 compared with the previous year.
When it released its second-quarter results in July, Bassett also announced a restructuring plan that includes closing its Noa Home e-commerce business and consolidating its two wood manufacturing facilities into one primary facility with a satellite operation. According to Home News Now, the company will move its Bassett production into its Martinsville facility.
A Vanderbilt University alumnus, Spilman serves on the Virginia Foundation for Independent Colleges’ board of trustees. He has been a member of Dominion Energy’s board of directors since 2009.
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