Lumber Liquidators Continues Investing in Quality

Lumber Liquidators formalized its compliance and sustainability team as part of its ongoing investment in responsible sourcing

TOANO, Va., June 3, 2014 /PRNewswire/ -- Lumber Liquidators, the largest specialty retailer of hardwood flooring in North America, announced that it has formalized the company's compliance and sustainability team as part of its ongoing investment in quality and commitment to responsible sourcing.

Raymond Cotton, appointed as Chief Compliance and Sustainability Officer in February 2014 and reporting directly to Robert M. Lynch, President and Chief Executive Officer, manages Lumber Liquidators' quality assurance, sustainable sourcing, loss prevention, risk management and compliance with legal and regulatory requirements of global trade.  The company further strengthened its team through the appointments of Lisa Kuca as Director, Global Product Compliance, and Rebecca Rizzuti as Director, Global Trade and Customs Compliance, both reporting directly to Mr. Cotton. 

Mr. Lynch, commented, "Sourcing quality products direct from worldwide mills is central to Lumber Liquidators' value proposition.  The diversity of our products and scale of our purchases requires an ongoing commitment to sustainable forestry, and Ray is a key member of the team of professionals we employ around the world who are dedicated to quality control.  Our focus on continual improvement of our processes and procedures, combined with the collective expertise of Ray and other executives on this newly formalized team will help maintain and foster our Company's ongoing responsible sourcing efforts and deliver high-quality flooring for our customers. We believe in the importance of being an environmentally conscientious company, and are pleased to take this next step in our ongoing corporate responsibility efforts." 

Mr. Cotton has extensive leadership experience in cyber and physical security, loss prevention, global audit and crisis management, most recently holding the position as head of Global Security and Safety for Riverbed Technology and previously serving in other leadership roles at Facebook, Orchard Supply Hardware, TJ Maxx, and Target.

Ms. Kuca possesses over 10 years of experience in compliance program development and management, risk identification and assessment, and creating risk mitigation strategies, mostly recently serving as Senior Compliance Officer and Vice President Corporate Compliance at American First Title Company and previously holding various compliance, ethics and government relations roles at World Bank, Freddie Mac and Holland & Knight, LLP. 

Ms. Rizzuti brings extensive customs compliance experience in retail, distribution and international logistics, formerly serving as Director, International Trade at Footlocker, Inc. and Manager, Import Customs and Compliance at Charming Shoppes, Inc., and holding other import/export and compliance positions at VWR International, Inc. and Toys"R"Us, Inc.

Forward-Looking Statements

This press release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act. These statements are based on currently available information as of the date of such statements and are subject to risks and uncertainties that may cause actual results to differ. The Company specifically disclaims any obligation to update these statements which speak only as of their respective dates, except as may be required under the federal securities laws. Information regarding these additional risks and uncertainties is contained in the Company's filings with the Securities and Exchange Commission.

SOURCE Lumber Liquidators, Inc.