DANBURY, Conn., June 21, 2018 (GLOBE NEWSWIRE) — Ethan Allen chairman, president and CEO Farooq Kathwari accepted the Yale Chief Executive Leadership Institute’s (CELI) Lifetime of Leadership Award at a ceremony held in New York City on June 12, in conjunction with the 93rd Yale CEO Summit.
“It is truly an honor for me to receive this award,” said Kathwari. “At Ethan Allen, our company’s namesake was a revolutionary who embodied the bold and inventive American spirit. This spirit lives on and inspires all that we do, from design, to manufacturing, to corporate citizenship, to our customer experience. As an American, and as a leader, I feel I have a responsibility to create opportunities and positive change when and where I can.”
The theme of the summit was “The American Colossus: The Best of Times and the Worst of Times?” Distinguished global corporate leaders from across industries engaged in lively, candid discussions at this invitation-only conference hosted by the Yale School of Management.
Mr. Kathwari’s award was presented by Nasser J. Kazeminy, founder and chairman of NJK Holding Corporation and chairman of the Ellis Island Foundation; and Myron E. Ullman III, chairman of Starbucks Corporation and retired chairman and CEO of the J.C. Penney Company.
Among his recognitions, Mr. Kathwari is a recipient of the 2018 Ellis Island Medal of Honor and has been inducted into the American Furniture Hall of Fame. He has been recognized as an Outstanding American by Choice by the U.S. government. He has received the Eleanor Roosevelt Val-Kill Medal; the National Human Relations Award from the American Jewish Committee; Ernst & Young’s Entrepreneur of the Year Award; and City of Hope’s International Home Furnishings Industry Spirit of Life® Award. He has also been recognized by Worth magazine as one of the 50 Best CEOs in the United States.
In addition to Mr. Kathwari’s award, two other awards were presented during the ceremony. Brian Moynihan, chairman and CEO of Bank of America, accepted the Legend in Leadership Award; and Stuart Weitzman, founder of the Eponymous footwear company, accepted the Legend Maverick in Leadership Award.
Revolutionary War hero Ethan Allen embodied the American pioneer spirit; at Ethan Allen Interiors Inc. (NYSE:ETH), that spirit is in our DNA. We are the world’s leading interior design company, vertically integrated from concept through design, manufacturing, sales, and delivery. Our nearly 2,000 interior designers provide service at nearly 300 Ethan Allen Design Centers in the U.S. and internationally. We are leaders in environmentally sustainable manufacturing and operations, investing in our communities by manufacturing approximately 70 percent of our products in North America. Our inventive spirit is most evident in the extraordinary range of styles we offer; our endless fabric, finish, and customization options help clients create spaces that truly express who they are and what they value. We invite you to visit us at ethanallen.com and join our communities on Facebook, Instagram, Pinterest, YouTube, and Houzz.
Ethan Allen Global, Inc.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3cafce00-815e-4a03-8660-df2af32028b8
The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.