LL Flooring CEO Charles Tyson resigned effectively immediately Nov. 1, the company announced in a Securities and Exchange Commission document.
The move comes several weeks after LL Flooring filed for bankruptcy and sold 216 of its stores to Lumber Liquidator’s founder, Tom Sullivan.
The company filed for Chapter 11 bankruptcy at the beginning of August after the flooring retailer struggled to keep up with high interest rates and decreased home renovation activity.
In October, the Delaware bankruptcy Court approved a “going concern” sale of LL Flooring, 216 stores, its inventory and intellectual property to Sullivan’s private equity firm F9.
Tyson was appointed CEO of LL Flooring in May 2020 after serving as the company’s chief customer experience officer.
Tyson changed the company name from Lumber Liquidators to LL Flooring in 2021 in the aftermath of the company being fined $33 million in 2019 by the federal government for selling laminate flooring after it failed formaldehyde emissions tests.
