Lumber Liquidators CEO resigns 'unexpectedly'

May 21, 2015 12:48 PM

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Lumber Liquidators, the embattled hardwood flooring retailer, said Thursday CEO Robert Lynch "unexpectedly" resigned, following months of company struggles stemming from safety concerns related to its products.

The Toano, Va.-based company will search nationally for a replacement, it said. Company founder Thomas Sullivan will serve as acting CEO.

Also read: One CEO Got Paid $46 Million in a Month, but the Rest of the Year Is a Mystery

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