18218 Thu, 02/11/2010 - 2:11pm
HOUSTON–Gary Fazio has been promoted to chairman of Mattress Firm, while Steve Stagner has added the chief-executive-officer title to his duties as president of the mattress specialty retailer.
With these changes, which were effective on Feb. 3, Stagner has assumed responsibility of the day-to-day operations of the company. Fazio, who was the previous CEO, is now focusing on strategic growth opportunities for Mattress Firm. The chairman position is a new one for Mattress Firm.
Fazio joined Mattress Firm in 2001 as president and CEO. Since he came to the company, Mattress Firm has more than tripled in store count, rising from its status as a regional retailer to one with more than 500 locations in 38 states.
Stagner joined Mattress Firm in 2005, when the company acquired Mattress Firm Elite, his franchise group. He became president in 2006, with Fazio retaining the CEO title.