Lexington, Kentucky — Tempur-Pedic International Inc. has announced the retirement of Matthew Clift, executive vice president of its global operations.
The foam mattress and pillow maker says a search is under way for a successor and Clift will continue to lead Tempur's global operations team until the transition to a successor is completed.
Tempur noted that under Clift's leadership, the global operations team "achieved significant successes through a relentless focus on customers, innovation, product development, cost and cash management, and managing growth of the company's IT and capacity infrastructure."
Tempur also said these aspects have been critical to the company's success in recent years.
"Matt's strategic vision, leadership, and focus on results combined with his practical hands-on approach make him an exceptional executive. The product development, cost improvement and supply chain enhancements he and his operations team have delivered have been key to the growth achieved by Tempur-Pedic in recent years," said Mark Sarvary, president and ceo of Tempur-Pedic, in a company statement.