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Ethan Allen launches a search for new CEO as it faces pressure from activist investor

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Home furniture and furnishing retailer Ethan Allen Interiors Inc. announced that it has started a search for a new CEO to succeed Farooq Kathwari, who has been at the helm of the publicly traded company for nearly 40 years. The Danbury, Connecticut-based retailer said Monday it has hired a search firm that is considering both internal and external candidates, and the board is committed to announcing its next CEO no later than June 30, 2027.

That’s the date on which Kathwari’s current contract is scheduled to end. The company said that Kathwari will remain a nonexecutive member of the board after June 30 until the company’s 2027 annual shareholder meeting.

Read the original report at Apnews.

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Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-09-22. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

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