Former Masco group president hired at Tempur-Pedic
Timoth Yaggi, a former executive of Masco, Whirlpool and Norelco, was named chief operating officer of Lexington, Ky.-based Tempur-Pedic International.
Most recently, Yaggi was group president of the North America Builder Group at Masco, the $7.5 billion manufacturer, distributor and installer of home improvement and building products. From 1994 to 2008, he held a number of senior management positions at Whirlpool. As executive VP market operations, North America for Whirlpool, Yaggi was responsible for leading operational functions that accounted for approximately $12 billion in revenue, including brand marketing, product management and development, sales, supply chain and consumer care.
Yaggi received his AB from Princeton University and an MBA from Michigan State University.
Yaggi said, "I'm looking forward to working with [CEO Mark Sarvary] and the entire Tempur-Pedic team to implement the strategic vision and to help manage the operational complexity of a company that has achieved tremendous growth."