Somnigroup Appoints Steve Rusing as CEO of Mattress Firm.

Somnigroup International has appointed Steve Rusing as President and CEO of Mattress Firm, effective August 14, 2025. Rusing previously served as President of Mattress Firm, and takes over the CEO role from Scott Thompson, who had been serving as interim CEO since February 2025.

Somnigroup International (NYSE: SGI) has announced the appointment of Steve Rusing as President and Chief Executive Officer of Mattress Firm, effective August 14, 2025. Rusing previously served as President of Mattress Firm and takes over the CEO role from Scott Thompson, who had been serving as interim CEO since February 2025.

Under Rusing's leadership, Mattress Firm has shown significant operational improvements and solid performance. Thompson praised Rusing's impact, highlighting the enhanced operational focus and momentum built under his leadership. The consolidation of the President and CEO roles aims to enhance leadership agility and organizational alignment within Mattress Firm.

Rusing's appointment comes as Mattress Firm continues to navigate the evolving retail landscape. The company plans to spend $150 million over the next three years to refresh its 2,200 brick-and-mortar stores. Additionally, Mattress Firm is set to benefit from the synergies resulting from the acquisition of Tempur Sealy, which is expected to achieve at least $100 million in annual run rate net cost synergies.

The appointment of Rusing as CEO is a strategic move for Somnigroup International, aiming to leverage his leadership to drive further growth and success for Mattress Firm. With Rusing at the helm, the company is poised to capitalize on the shifting market dynamics and continue its trajectory of operational excellence and financial performance.

References:
[1] https://www.stocktitan.net/news/SGI/somnigroup-international-announces-new-chief-executive-officer-at-99ntam8h22zi.html
[2] https://seekingalpha.com/news/4486471-somnigroup-appoints-steve-rusing-as-ceo-of-mattress-firm
[3] https://finance.yahoo.com/news/somnigroup-international-announces-chief-executive-105500627.html
[4] https://www.retaildive.com/news/mattress-firm-president-ceo-steve-rusing/757875/