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- Departure of CEO (new) — CEO Andi Owen is retiring effective June 30, 2026, and immediately began a leave of absence and resigned from the Board on May 30.
MillerKnoll CEO Andi Owen retires effective June 30; COO Jeff Stutz named interim CEO
Filed June 3, 2026 · Period ending May 30, 2026 · ~1 min read
Key Changes
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CEO Andi Owen retiring June 30, 2026, by mutual agreement with the Board; she resigned from the Board and began leave of absence May 30. Board conducting comprehensive search for permanent CEO.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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COO Jeff Stutz appointed to perform CEO duties immediately and becomes Interim CEO June 30. Stutz has been COO since September 2025 and served as CFO for over 10 years prior.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Stutz's interim CEO compensation: $900K base salary, 125% bonus target ($1.125M), and 325% equity incentive target ($2.925M).
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Owen receives 18 months base salary severance, up to 18 months health benefits, and retirement treatment for outstanding equity awards under existing arrangements.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Company reaffirmed fiscal 2026 Q4 guidance previously issued March 25, 2026; full year results to be released June 24, 2026.
Exhibit 99.1 view on EDGAR →
Summary
MillerKnoll disclosed that CEO Andi Owen is retiring effective June 30, 2026, following a mutual agreement with the Board. Owen resigned from the Board and began a leave of absence on May 30, citing a desire to focus on family matters. The Board has appointed COO Jeff Stutz to perform CEO duties immediately, with the interim CEO title taking effect June 30.
Stutz brings deep institutional knowledge, having served as CFO for over 10 years before becoming COO in September 2025. The Board is conducting a comprehensive search for a permanent CEO. The immediate departure raises questions about the circumstances behind the "mutual agreement" and whether the family-matter explanation fully accounts for the abrupt transition.
Owen's severance package—18 months of salary and benefits plus retirement treatment for equity—suggests an orderly exit under existing terms rather than a termination for cause. The company reaffirmed its Q4 fiscal 2026 guidance, signaling management confidence that near-term operations remain on track despite the leadership change. Investors should monitor the CEO search timeline and any further disclosures about strategic direction under interim leadership.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · verify on EDGAR →
President and Chief Executive Officer Andi Owen will retire on June 30, 2026, as mutually agreed with the Board. Ms. Owen has resigned from the Board and has begun a leave of absence from the Company, effective immediately. Jeff Stutz, the Company’s Chief Operating Officer, will perform the duties of the Chief Executive Officer during Ms. Owen’s leave of absence and will become Interim Chief Executive Officer of the Company on June 30, 2026.
CEO Andi Owen is retiring effective June 30, 2026, after a mutual agreement with the Board. She has immediately begun a leave of absence and resigned from the Board. Chief Operating Officer Jeff Stutz will assume CEO duties during her leave and become Interim CEO on June 30. The Board will conduct a comprehensive search for a permanent CEO with assistance from an executive search firm.
Added in current filing · view on EDGAR →
This decision reflects Andi’s desire to devote greater attention to important family matters while ensuring an orderly leadership transition for the Company.
The Board stated that Owen's retirement reflects her desire to focus on family matters while ensuring an orderly transition. The filing characterizes this as a mutual decision between Owen and the Board.
Added in current filing · view on EDGAR →
Mr. Stutz has served as Chief Operating Officer since September 2025, overseeing the Company’s International Contract segment and global manufacturing operations, as well as its Europe-based brands including HAY, Muuto, Colebrook Bosson Saunders (CBS), and NaughtOne. Before serving as COO, Mr. Stutz was the Company’s Chief Financial Officer for over 10 years, during which he managed all aspects of MillerKnoll’s global financial operations and played a key role helping navigate the Company through periods of both macro-economic challenges and opportunistic growth.
Jeff Stutz has been COO since September 2025 and previously served as CFO for over 10 years. He joined Herman Miller in 2001 and has held various finance leadership positions including VP of Investor Relations, Corporate Treasurer, and Chief Accounting Officer.
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
Also on June 1, 2026, the Company announced that, effective as of May 30, 2026, the Board decreased the size of the Board from eleven to ten directors.
The Board reduced its size from eleven to ten directors effective May 30, 2026, coinciding with Ms. Owen's resignation from the Board.
Added in current filing · verify on EDGAR →
The offer letter further provides that Mr. Stutz will participate in the Company’s Salary Continuation Plan, which currently provides for 18 months of base salary and up to 18 months of Company-subsidized health benefits upon a qualifying termination, subject to the execution of a mutual release of claims.
Jeff Stutz will participate in the Company's Salary Continuation Plan, which provides 18 months of base salary and up to 18 months of Company-subsidized health benefits upon a qualifying termination, subject to a mutual release of claims.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 26, 2026 · How we verify