Lumber Liquidators CEO Abruptly Quits
A May 2015 article on Bloomberg.com reported that Lumber Liquidators Chief Executive Officer Robert Lynch unexpectedly resigned from the company. The resignation comes at an inopportune time for the company as it hoped to rebound from the negative press surrounding the “60 Minutes” report on their use of potentially toxic Chinese flooring. Lynch’s resignation raises questions as to how the company is going to resolve the issues surrounding the Chinese laminate flooring, and whether or not Lumber Liquidators knew of the formaldehyde problems beforehand.