Select Comfort Corporation (ticker: SCSS, exchange: NASDAQ Global Market (.O))
News Release -
20-Feb-2003
Select Comfort Corporation Elects Michael Peel, General Mills Executive, to Board of Directors
MINNEAPOLIS--(BUSINESS WIRE)--Feb. 20, 2003--Select Comfort
Corporation (Nasdaq:SCSS), the nation's leading bed retailer and
creator of the SLEEP NUMBER(R) bed, today announced that it has
elected Michael A. Peel, senior vice president of human resources and
corporate services for General Mills, to its board of directors.
At General Mills, Peel has overall responsibility for worldwide
human resources, compensation, health services, safety, environmental
compliance, real estate, facilities and transportation. He is also a
trustee of the General Mills Foundation. Prior to joining General
Mills in 1991, Peel spent 14 years with PepsiCo, Inc., most recently
as senior vice president, human resources for PepsiCo Worldwide Foods.
"Mike Peel is an experienced corporate and community leader with a
proven reputation for delivering results," said Bill McLaughlin,
Select Comfort's president and chief executive officer. "His
experience leading human resources at Fortune 500 companies will be
invaluable to Select Comfort's plan to accelerate our company growth
and further invest in and develop the strength of our exceptional
employees."
Peel will serve as a member of the Select Comfort board of
directors' compensation committee.
Peel received a bachelor of science degree in business
administration from James Madison University, and earned a masters in
business administration from Columbia University in 1983. He serves as
vice chairman of the Labor Policy Association, as well as on the board
of directors of both the Walker Art Center and the Human Resources
Executive Council. In 2002, Peel was elected a Fellow of the National
Academy of Human Resources, the highest honor in the Human Resources
profession.
Founded in 1987, Select Comfort Corporation is the nation's
leading bed retailer (1), holding 27 U.S. issued or pending patents
for its personalized sleep products. The company designs, manufactures
and markets a line of adjustable-firmness mattresses featuring
air-chamber technology, branded the Sleep Number(R) bed, as well as
foundations and sleep accessories. Select Comfort's products are sold
through its 321 retail stores located nationwide, including leased
departments in Bed Bath & Beyond stores; through selected bedding
retailers; through its national direct marketing operations; and on
the Internet at www.selectcomfort.com.
(1) Top 25 Bedding Retailers, Furniture Today, August 12, 2002
| CONTACT: |
Select Comfort Corporation, Minneapolis |
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Ann Folkman, 763/551-7496 |
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ann.folkman@selectcomfort.com |
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