Local News

June 15, 2007

Boe takes over

(Continued)



Boe said he was “excited” to be elected chief executive officer, but that excitement was tempered.

“Certainly I would want to be coming into this position under different circumstances,” Boe said. “I’m honored to be taking on the chief executive role and certainly need to make sure that we as a company and a management team deliver the results. It’s one thing to become something, it’s another thing to stay something.”

Boe admitted that Beaulieu of America was experiencing financial problems when he came aboard in 2002, but said there “was no truth” to rumors that the company was up for sale or was going to be sold anytime soon. Beaulieu of America sold its rug division and its nylon fiber business in 2002, and cut its work force from more than 11,000 to less than 10,000, according to Floor Focus magazine in March 2002. Today, the company employs approximately 6,500 workers.

“We’ve had several years of good growth and profitability and we expect that will continue,” Boe said. “In terms of where we’re headed right now, I feel very confident in that.”

Boe brings a wealth of experience to the chief executive officer position. He worked for DuPont for 15 years before entering the carpet industry. He was president of Horizon Industries from the early 1980s until 1992, and then worked with Diamond Carpet Mills for three years. He also worked for Shaw Industries in Europe before coming to Beaulieu to head the residential side of the business.

“Ralph Boe is a very talented individual and he’s been partly if not primarily responsible for Beaulieu’s success,” said Kemp Harr, publisher of Floor Focus magazine. “He understands the importance of customer relationships and continues to refresh the line of products. He has excellent marketing experiences and I think he’s been a big part of their recovery. I’ve got to think that Ralph being at the helm will continue good things for Beaulieu.”

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