BNET Industries

Steelcase Inc.

(SCS) is in the Manufacturing Industry

Market Cap:$462.7M
Last Fiscal Year Sales:$3.4B
  • Public
  • US
Dow Jones Description

Whatever you need to accomplish, Steelcase can provide you with the environment and the tools to do it better, faster and more effectively. That's because we're passionate about unlocking the potential of people at work. It's the fundamental principle on which our company was founded in 1912 and it remains our single-minded focus in the 21st century. We make it our business to study how people work, to fully understand the ever-changing needs of individuals, teams and organizations all around the world. Then we take our knowledge, couple it with products and services inspired by what we've learned about the workplace, and create solutions that help people have a better day at work. Although we are still headquartered in Grand Rapids, Steelcase today is an international company with approximately 13,000 employees worldwide, manufacturing facilities in over 30 locations and more than 800 dealer locations around the world. Launched in 2006, Steelcase Store provides easy to provide easy access to advanced performance work furniture for consumers and businesses who value design, comfort and convenience. We pride ourselves on our simple buying experience which includes everything from exceptional customer service to free shipping and installation.

President and Chief Executive Officer and Director
James P. Hackett
Number of Employees 13,000
Contact Information

901 44th St SE

Grand Rapids, Michigan 49508

steelcase.com

(616) 247-2710

NAICS Code Office Furniture (except Wood) Manufacturing: 337214

Recent Events

  • Steelcase SCS Declares Quarterly Dividend of 4c, Yielding 2.58%

    9/30/09 - Stock Split / Dividend - View Story

  • CEO: Steelcase positioned for an earnings rebound

    10/01/09 - Financial Announcement - View Story

  • Report: Steelcase plans to open third plant in Mexico

    9/16/09 - Planned Site Openings - View Story

  • A very few stocks are worth look

    7/27/09 - Financial Announcement - View Story

  • Steelcase cuts dividend in half to 4 cents a share at annual shareholders meeting

    6/26/09 - Stock Split / Dividend - View Story

  • Steelcase, Herman Miller: Still investing

    7/02/09 - Financial Announcement - View Story

News & Analysis

steelcase inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
James P. Hackett President and Chief Executive Officer and Director
James Mitchell President, Steelcase Intl
James P. Keane President, Steelcase Group, PolyVision
Robert Black President, Intl
David C. Sylvester Vice President, Chief Financial Officer
Lizbeth S O'Shaughnessy Vice President, Chief Legal Officer and Secretary
Mark T. Mossing Chief Accounting officer & Controller
Nancy W. Hickey Chief Administrative Officer
Mark A. Baker Senior Vice President & Global Operations Officer
Mark T. Greiner Senior Vice President, WorkSpace Futures
Allan Smith Vice President, Global Environmental Strategy and Programs
Allen Alley Vice President, Product Development
John S. Malnor Vice President, Growth Initiatives
Ralph Martino Vice President, Marketing
Robert C. Pew Vice President
Susan Broman Executive Director
James Ludwig Director, Design
Jan Carlson Director, Product Development
P. Craig Welch, JR. Director ,Production Inventory Control
Chris Congdon Manager of Corporate Marketing
Jeanine Hill Manager, Public Relations
John Rasper Sales Manager
Christine Nelson Grants Consultant
Craig Custer
Earl D. Holton Trustee
John Yeski
Kirt Martin Designer
Linda Troyer
Marcia Bell
Phyllis Gebben Coordinator of Donations
Steven Cody
Elizabeth Valk Long Director
Michael J. Jandernoa Director
Elizabeth Valk member

Board of Directors

Name (plus bio) Position
Kate Pew Wolters Board Chair
Cathy Ross Board of Directors
Craig Welch Member of the Board of Directors
David W. Joos Board of Directors
James C Welch Board of Directors
Mary Goodwillie Nelson Board of Directors
Peter M. Wege Board of Directors
William P. Crawford Board of Directors

James P. Hackett is president and chief executive officer and director of Steelcase Inc., the global leader in the office furniture industry. Steelcase delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. The company and its subsidiaries serve their customers through a network of over 600 independent dealers and have approximately 13,500 employees worldwide. Fiscal 2008 revenue was $3.4 billion. Jim oversees all operations of Steelcase Inc., including domestic and international operations. Jim was named president and chief executive officer of Steelcase Inc. in December 1994. Previously, Jim served as executive vice president and chief operating officer of Steelcase North America, a position he was named to in August 1994. In April 1994, Jim was named executive vice president of Steelcase Ventures. He was responsible for the design and development of products for non-contract furniture industry customers in addition to developing new company opportunities. In August 1993, Jim was named president of Turnstone, a Steelcase company created exclusively to meet the office furnishing needs of small businesses and home offices. The Turnstone model, designed to service new ways in which people do their work, was unique in the contract furniture industry. In 1990, Jim was named Steelcase's senior vice president of Sales and Marketing. He joined Steelcase in 1981 and held a variety of sales and marketing positions in the company, including regional manager in Houston, Texas, in 1984 and director of national accounts from 1986 to 1990. Before joining Steelcase, Jim held sales and management positions at Procter & Gamble in Detroit, Michigan, from 1977 to 1981. Jim serves on the board of directors for Northwestern Mutual Life in Milwaukee, Wisconsin, and Fifth Third Bancorp in Cincinnati, Ohio. He is a member of the boards of advisors to the Gerald R. Ford School of Public Policy and the Life Sciences Institute at the University of Michigan. Additionally, he is a past president of the Institute of Design Board of Overseers at the Illinois Institute of Technology. Jim graduated from the University of Michigan with a bachelor's degree in general studies.

Organization Position Status
Steelcase Inc. President and Chief Executive Officer and Director Current
Steelcase Inc. Executive Officer Former
Right Place, Inc Board of Directors Current
Fifth Third Bancorp Board of Directors Current
Turnstone President Former
Illinois Institute of Technology President Former
Steelcase Inc. Executive Vice President Former
Steelcase Inc. Senior Vice President of Sales and Marketing Former
Procter & Gamble Former
Phil Bender Former
R-G Crown Bank, Inc. Board of Directors Former
University of California at Los Angeles School of Law juris doctor degree Former
University of Michigan Bachelor's Degree In General Studies Former
Michigan State University bachelor of arts degree in pre-law Former

James G. Mitchell is president of Steelcase International. Steelcase Inc., the global leader in the office furniture industry, delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. Appointed to this position in June 2004, Jim has responsibility for Steelcase's global activities around the world. Previously, Jim was managing director, United Kingdom and Ireland, for Steelcase International, a role he assumed in June 2003. In that capacity, he oversaw all of Steelcase's activities in the United Kingdom and Ireland. Jim joined Steelcase in 1993, where he was successful in leading the company to record gains in market share. In January 1995, he was appointed senior vice president of Sales, Marketing and Dealer Alliances for Steelcase North America. He was responsible for all sales and marketing activities for Steelcase in the United States and Canada, including the development, launch and marketing of new products, specialty marketing opportunities, communications and media development. Under his leadership, Steelcase outperformed industry averages. Over the three-year period that ended Feb. 28, 1997, Steelcase's consolidated new sales in the U.S. grew at a compounded annual growth rate of nearly 10 percent, compared to an industry average of 7.2 percent. In 1998, Jim became president of Steelcase Canada, where he was responsible for all Steelcase operations in that country, including the company's manufacturing facility in Markham, Ontario. Prior to joining Steelcase, Jim lived in Connecticut and was group vice president and general manager of North American Operations for Tambrands Inc., the White Plains, NY-based worldwide leader of consumer products distributed in 139 countries. In 1989, he began his career at Tambrands as president of Tambrands Canada, before becoming general manager of North American Operations in 1990. Jim served for six years on the Board of Directors for the Business & Institutional Furniture Manufacturer's Association (BFIMA). While in Canada, he was on the executive committee for the Design Exchange and also served on the cabinet for the United Way for York Region. Born in Ontario, Jim received his bachelor of business administration degree from Ryerson University in Toronto. He and his wife, Maureen, and their two sons live in Strasbourg, France.

Organization Position Status
Steelcase Inc. President, Steelcase Intl Current
Motorola, Inc. consultant Former
Ryerson University Bachelor of Business Administration Degree Former

James P. Keane is president of the Steelcase Group brand of Steelcase Inc. The global leader in the office furniture industry. Steelcase delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. Named to this role in October 2006, Jim oversees the sales, marketing and product development activities of the Steelcase brand and subsidiary companies Details, PolyVision and Vecta. Previously, Jim was senior vice president and chief financial officer, responsible for financial planning, reporting and analysis across Steelcase Inc., as well as treasury and tax functions, and Steelcase Financial Services, Inc. He also oversaw the corporate strategy function, which handles long-term strategy development, mergers and acquisitions, and the Steelcase Design Partnership, a group of brands focused on higher end design furniture products and niche applications. Jim joined Steelcase in 1997. Other roles he has held include senior vice president, Advanced Concepts, Research and Development for Steelcase, focusing on understanding the future of work and the impact of emerging technologies in the workplace. Prior to joining Steelcase, Jim worked as an auditor with the public accounting firm of Peat Marwick, Mitchell & Co., and held various financial positions at Motorola, Inc. From 1987 to 1992, Jim was a consultant with McKinsey and Company in Chicago, Ill., where he worked with clients in a number of industries. He was also chief financial officer at Cloud Corporation in Des Plaines, Ill. Jim serves on the board of the Business and Institutional Furniture Manufacturer's Association (BIFMA) and the Grand Rapids Symphony. Jim earned a bachelor of science degree in accountancy from the University of Illinois, and a master's in management degree from the Kellogg Graduate School of Management at Northwestern University, with concentration in finance.

Organization Position Status
Steelcase Inc. President, Steelcase Group, PolyVision Current
Grand Rapids Symphony Board of Directors Current
Grand Rapids Symphony Vice-Chairperson Current
Cloud Co Chief Financial Officer Former
Steelcase Inc. CFO & Senior Vice President Former
McKinsey & Company, Inc. Consultant Former
University of Illinois Bachelor of Science Degree In Accountancy Former

Organization Position Status
Steelcase Inc. President, Intl Current
Kimberly-Clark Corporation Chief Strategy Officer Current
Kimberly-Clark Corporation Senior Vice President Current
Sammons Enterprises, Inc. Chief Operating Officer Former
Steelcase Inc. Senior Leadership Roles, Marketing, Strategy, Corporate Development and International Management. Former
McKinsey & Company, Inc. Led Strategy and Operational Improvement Efforts Former
Harvard University MBA Former
State University of New York at Buffalo Bachelor of Science Degree Former

David C. Sylvester is vice president, chief financial officer for Steelcase Inc., the global leader in the office furniture industry. Steelcase delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. The company and its subsidiaries serve their customers through a network of over 600 independent dealers and have approximately 13,500 employees worldwide. Fiscal 2008 revenue was approximately $3.4 billion. Named to this role in October 2006, Dave is broadly responsible for financial planning, reporting and analysis across Steelcase Inc., as well as treasury and tax functions, and Steelcase Financial Services, Inc. Previously, Dave was vice president, Operations Finance (March 2005 - October 2006), responsible for operations finance in North America and internationally, as well as at three Steelcase Design Partnership companies: Brayton, Metro and Vecta. He also worked closely with the Supply Chain organization on product and process placement decisions and on implementing supply chain strategy. Dave began his Steelcase career in 1995 as manager, Financial Reporting and Planning. In 1998 he became director and assistant controller, Corporate Finance, for Steelcase Inc., primarily responsible for all internal and external financial reporting and analysis. During this time, Dave helped Steelcase Inc. with the transition to becoming a publicly traded company in 1998. Dave then served as finance leader for Steelcase International (2001-2005), responsible for all finance related activities outside of the United States and Canada, including profitability analyses, EVA measurement, accounting and reporting, acquisition integration, as well as a variety of special projects. Before joining Steelcase, Dave held several audit positions with PriceWaterhouseCoopers in Chicago, Ill. He graduated from Michigan State University in East Lansing, Mich., in 1987 with a bachelor's degree in accounting and a master's of business administration in finance. He is a member of the American Institute of Certified Public Accountants and the Illinois Institute of Certified Public Accountants. He also serves on many of Steelcase's subsidiary and joint venture boards of directors.

Organization Position Status
Steelcase Inc. Vice President, Chief Financial Officer Current
Steelcase Inc. Board of Directors Current
American Institute of Certified Public Accountants Member Current
Steelcase Inc. Assistant Controller Former
Steelcase Inc. Finance Leader Former
Michigan State University Master's Former
Michigan State University Bachelor's Degree In Accounting Former

Lizbeth S. O'Shaughnessy is vice president, chief legal officer and secretary at Steelcase Inc., the global leader in the office furniture industry. Steelcase delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. Named to this role in July 2007, Lizbeth has global leadership responsibility for all legal services and consultation advice necessary to support the company's global business and to provide research, review and active involvement in legal matters for various groups within the company. She also has responsibility for import/export customs compliance; corporate environmental performance; and corporate governance as the secretary of the board of directors. Previously, Lizbeth was assistant general counsel and assistant corporate secretary. Appointed assistant general counsel in 2000, she was responsible for providing legal services and consultation advice necessary to support the company's global business, and to research, review and be actively involved in various legal issues, including global antitrust/competition law and distribution matters, and all legal matters for parts of Europe, the Middle East and all of Latin America and Central America. She also had responsibility for corporate governance as the assistant secretary of the nominating and corporate governance committee of the board of directors during 2005 and 2006. Lizbeth joined Steelcase in 1992 as corporate counsel and was promoted to senior corporate counsel in 1995 and then to assistant general counsel in 2000. She also spent two years as an expatriate in the Netherlands for Steelcase (August 2001 – August 2003), during which time she was focused entirely on providing legal services to Steelcase International. Prior to joining Steelcase, Lizbeth was employed from 1987 to 1992 at The Dow Chemical Company as an antitrust attorney. Lizbeth earned her juris doctor degree from Indiana University at Bloomington in 1987. She earned a bachelor of arts degree in economics from Michigan State University in 1984. Lizbeth is a member of the State Bar of Michigan and the American Bar Association.

Organization Position Status
Steelcase Inc. Vice President, Chief Legal Officer and Secretary Current
Steelcase Inc. Secretary Current
Steelcase Inc. Corporate Counsel Former
Michigan State University Bachelor of Arts Degree In Economics Former

Organization Position Status
Steelcase Inc. Chief Accounting officer & Controller Current

Nancy W. Hickey is senior vice president, chief administrative officer for Steelcase Inc., the global leader in the office furniture industry. Steelcase delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. Nancy was appointed to this position in November 2001 and has responsibility for Corporate Communications, Global Human Resources, Corporate and Community Relations, Aviation, Global Facilities and Real Estate, Steelcase University and Cultural Innovation. Previously, Nancy was senior vice president of Global Human Resources, with responsibility for human resource practices and processes that are universal to Steelcase locations worldwide. She was named vice president, Human Resources, in May 1999, responsible for overall development and administration of human resources policies, processes and programs for Steelcase Inc. From 1994 to 1999, Nancy was vice president, Dealer and Customer Alliances, responsible for relationships with Steelcase's North American dealers and overall development of the dealer network. In May 1997, Nancy also became responsible for the Steelcase Furniture Management Coalition (FMC), a Steelcase Inc. subsidiary that offers the outsourcing of furniture-related management activities through a nationwide network of service providers. She joined Steelcase in 1986 as a district manager, where she was responsible for the sales of Steelcase furniture through Boston, Mass., and Northern New England dealers. In 1990, she was named regional manager and area sales director in Boston, Mass. Before joining Steelcase, Nancy worked at Philips Information Systems, in Dallas, Texas, from 1982 to 1985 and in Boston from 1985 to 1986. During that time, Nancy held positions as branch manager, national marketing support manager and assistant regional manager. From 1978 to 1982, Nancy held a variety of sales and marketing positions for Exxon Office Systems working in New York, NY, Orange County, Calif., San Francisco, Calif., and Dallas, Texas. Nancy earned a bachelor's degree in English and a minor in education from Albright College, in Reading, Pa., in 1973. She is on the board of directors of Fifth Third Bank, a Michigan banking corporation, and Meijer, Inc.

Organization Position Status
Steelcase Inc. Chief Administrative Officer Current
Steelcase Inc. Senior Vice President Current
Fifth Third Bank Board of Directors Current
Meijer, Inc. Director Current
Steelcase Inc. Area Sales Director Former
Steelcase Inc. Manager Current

Mark Baker is senior vice president and Global Operations Officer for Steelcase Inc., the global leader in the office furniture industry. Steelcase delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. Named to this role in June 2004, Mark is responsible for operations at all Steelcase manufacturing facilities around the globe. Previously, Mark was senior vice president of North American Operations, responsible for all manufacturing operations in the United States and Mexico and for manufacturing services (skilled trades, facilities maintenance and operations engineering). He assumed this role in March 2001. Mark joined Steelcase in 1995 as director, Customer Intelligence, responsible for market, business and competitive research. From 1995 to 1998 he served as vice president of Product Marketing, responsible for the marketing and product management of Steelcase product lines, as well as strategic direction for future marketing activities in product areas. In 1999, he became vice president and general manager of Turnstone, overseeing all operations of Steelcase's Turnstone brand. From November 1999 till March 2001, Mark was vice president, Marketing, and in April 2000, he was given expanded responsibilities for the North America product development teams. The areas he oversaw include marketing and product development for systems, seating, storage, surface materials, and integrated architectural products as well as the Wood and Turnstone brands. Before joining Steelcase, Mark held a variety of sales, marketing and general management positions at Abbott Laboratories in Chicago. Prior to that, he worked as an associate at McKinsey & Company, a management consulting firm in Chicago. Born April 29, 1960, in Chicago, he received his bachelor's degree in 1981 in chemical engineering and graduated magna cum laude from the University of Pennsylvania. In 1986, he received a master's of business administration degree from Harvard University.

Organization Position Status
Steelcase Inc. Senior Vice President & Global Operations Officer Current
Steelcase Inc. Director, Customer Intelligence Former
McKinsey & Company, Inc. NA Former
Steelcase Inc. Global Operations Officer Former
Abbott Laboratories Former
Steelcase Inc. Director Former
Harvard University MBA Former
University of Pennsylvania Bachelor’S Degree In In Chemical Engineering A Former
Harvard University business administration degree Former

Mark Greiner is senior vice president, WorkSpace Futures and E X P, for Steelcase Inc., the global leader in the office furniture industry. Steelcase delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. As leader of WorkSpace Futures, a role he assumed in November 2002, Mark manages Steelcase's research and applications development activities. Research focuses on understanding users and changing work patterns, as well as the impact of emerging technologies in the workplace. Steelcase develops this understanding through internal efforts and through partnership with leading companies and universities. With this knowledge, the company develops new space-planning applications. Since October 2006, Mark has also overseen the E X P Team, our customer experience and brand-vision initiative, whose long-term strategy is to strengthen Steelcase's focus on customer experience and brand Prior to this, Mark was responsible for research, advanced concepts and Steelcase ventures.

Organization Position Status
Steelcase Inc. Senior Vice President, WorkSpace Futures Current
Steelcase Inc. Chief Information Officer Former
Steelcase Inc. Director, Information Strategies Former
Data Processing Systems Manager Former
Steelcase Inc. Programmer Former
Workstage LLC Former
Grand Valley State University masters degree in business administration Former

Organization Position Status
Steelcase Inc. Vice President, Global Environmental Strategy and Programs Current
Steelcase Inc. Director, Communications Former

Organization Position Status
Steelcase Inc. Vice President, Product Development Current

John Malnor is vice president of , Growth Initiatives for Steelcase Inc. , the global leader in the office furniture industry. Steelcase delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. John joined Steelcase in January 1998 as a product manager for Turnstone. In that role, he worked on a variety of assignments for all products seating, desks, storage and systems and helped develop Kick systems furniture. Following that, John led the marketing efforts for new Steelcase ventures. Prior to joining Steelcase, John worked for Whirlpool Corporation in St. Joseph, Mo., from 1989 till 1998. He held a variety of roles within that company, including director of KitchenAid Brand Marketing; director of Sales, Service and Distribution for Whirlpool-Raybo Air Conditioning Joint Venture; director of Trade Marketing for Whirlpool Asia; channel leader, Asian Strategy Team, Whirlpool Asia; territory manager, Whirlpool North America; and manager, Trade Strategy, Whirlpool North America. Born in Escanaba, Mich., in 1962, John holds a bachelor's in microbiology and biochemistry from Michigan State University and a master's of business administration in Marketing and Finance from the University of Michigan.

Organization Position Status
Steelcase Inc. Vice President, Growth Initiatives Current
Turnstone President Former
Turnstone General Manager Former
Turnstone Director of Market Development Former
Turnstone Product Manager Former
Whirlpool Corporation Former

Organization Position Status
Steelcase Inc. Vice President, Marketing Current

Robert C. "Rob" Pew III is a member of the board of directors at Steelcase Inc., the global leader in the office furniture industry. Steelcase delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. Now a private investor, Rob served as president of Steelcase North America from May 1990 to March 1994. In that capacity, he was responsible for all sales, marketing and manufacturing operations involving Steelcase-brand products. Rob originally joined Steelcase in Grand Rapids in 1974 as a product standards engineer in the Chair Plant. In 1975, he was named a wage and salary administrator in the Human Resources department. In 1976, Rob became an employee relations manager, responsible for the Desk Plant and, later, the File Plant. In 1977, he was promoted to superintendent of the File Plant. Rob was named plant manager of the Steelcase facility in Fletcher, NC, in 1979. He held that post until 1984, when he left the company to become one of its independent dealers, eventually owning and operating Steelcase dealerships in Asheville and Charlotte, NC, and in Jacksonville, Fla. In 1988, Rob returned to Steelcase in Grand Rapids as vice president and assistant to the president. He was named executive vice president, Steelcase operations, in 1989. Rob's activities in the not-for-profit world have included a term as president of Junior Achievement of Western North Carolina and various roles within United Way, including chair of the Community Planning and Allocation Process of the Buncombe County United Way and overall campaign chair of United Way of Western Michigan. Rob has also served as chair of the Asheville Downtown Commission and campaign chair for the Pack Place Arts and Science Center. Rob is a former trustee of Grand Valley State University and is currently board chair of the Institute of Design in Chicago. Born in Grand Rapids on Jan. 31, 1951, Rob earned a bachelor of science degree in social studies from Grand Valley State University in Allendale, Mich., in 1974.

Organization Position Status
Steelcase Inc. Vice President Current
Grand Valley State University Trustee Current
Steelcase Inc. Chairman Current
Steelcase Inc. Board of Directors Former
Steelcase Inc. Engineer Former
Aquinas College Board of Directors Former
Cranbrook Academy of Art Board of Directors Former
Grand Valley State University Board of Directors Former
Grand Valley State University Bachelor of Science Degree In Social Studies Former
Wesleyan University Former
Davenport College Former

Organization Position Status
Steelcase Inc. Executive Director Current

Organization Position Status
Steelcase Inc. Director, Design Current
Steelcase Inc. Director, Design Former

Organization Position Status
Steelcase Inc. Director, Product Development Current

P. Craig Welch, Jr. has been a member of the board of directors of Steelcase Inc. since 1979. Steelcase Inc., the global leader in the office furniture industry, delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. Craig is currently member manager of Honzo Fund, LLC and president of JCT Foundation. Craig began his career with Steelcase in 1967 in the production control department. In 1968, he was appointed an industrial engineer at the company's manufacturing facility in La Mirada, California. In 1969, he joined the sales administration department at the California division and was named manager, district sales, in 1970. In 1970 Craig returned to Grand Rapids, assigned to special projects of the production control department. In 1972, he was named manager of manufacturing systems data processing, and director of production inventory control (PIC) in 1975. Craig was named director of information services in 1985, responsible for all Steelcase data processing activities. In 1987, he left Steelcase to concentrate his business activities in real estate and venture capital. He attended Colorado College and Michigan State University, where he earned a bachelor of arts degree in sociology.

Organization Position Status
Steelcase Inc. Director ,Production Inventory Control Current
Steelcase Inc. Board of Directors Current
Michigan State University Former

Organization Position Status
Steelcase Inc. Manager of Corporate Marketing Current

Organization Position Status
Steelcase Inc. Manager, Public Relations Current

Organization Position Status
Dekalb Office Environments Chief Executive Officer Current
Greater North Fulton Chamber of Commerce President Current
Steelcase Inc. Sales Manager Current
STAGE2 Business Accelerator Board of Directors Current
Dekalb Office Environments President Current

Organization Position Status
Steelcase Inc. Grants Consultant Current

Array

Organization Position Status
Steelcase Inc. Current
Move Management President Current

Earl D. Holton is a member of the board of directors at Steelcase Inc., the global leader in the office furniture industry. Steelcase delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. Earl joined the board of Steelcase Inc. in 1998 and served as chair of the board from 1999-2003. Since the 1950s, Earl has worked in operations and management positions at Meijer, Inc., a Grand Rapids-based corporation comprised of supercenter stores in Michigan, Ohio, Indiana, Illinois and Kentucky. He managed various stores, becoming store director in 1955, district director in 1960 and operations manager in 1961. Earl was appointed senior vice president in 1973 and named president in 1980. He retired from this position in 1999. Earl presently serves as lead director on the board of CMS Energy. Earl is a former chairman and current board member of Grand Rapids Economic Club, and a member of the Executive Committee of Frederik Meijer Gardens, the Right Place Committee and Grand Valley State University Foundation Board. He also serves as a trustee of the Steelcase Foundation and as vice chair of the Spectrum Health System Board. Earl's community activities have included past service as Trustee of Albion College and Grand Valley State University and as a director of Goodwill Industries. He has also served as general chairman of United Way of Kent County. In 1997, he was inducted into the Grand Rapids Junior Achievement Business Hall of Fame and is a recipient of an honorary doctorate degree in business administration from Grand Valley State University. Earl and his wife, Donnalee, reside in the Grand Rapids area.

Organization Position Status
Albion College Trustee Current
Steelcase Inc. Trustee Current
CMS Energy Corporation Director Current
Meijer, Inc. Vice Chairman , Board of Directors Current
Steelcase Inc. Board of Directors Current
Meijer, Inc. President Former
CMS Energy Corporation Lead Director Former
Steelcase Inc. Chairman of the Board Former
Grand Valley State University Doctorate Degree In Business Administration Former

Organization Position Status
The Outdoor Media Group Technology Services Coordinator Current
Steelcase Inc. Current

Kirt joined Steelcase in 1995 as a contract industrial designer. In 1997 he was hired with the company as a senior industrial designer for Steelcase Wood furniture. Kirt also served as an adjunct design instructor at Kendall College of Art and Design in Grand Rapids in 2001. Born in Grand Rapids in 1970, Kirt earned a bachelor of fine arts degree in industrial design from Kendall College of Art and Design. He also studied industrial design and design history at the Royal College of Art in London, England. Kirt is a member of AIGA (the professional association for design) IDSA (Industrial Designers Society of America) and has earned numerous awards. Kirt was awarded the 2002 Recent Graduate Achievement Award, which honors a Ferris University/ Kendall College grad that has made a significant achievement or contribution in his or her field, as well as a 2001 IDEA Award, several Good Design Awards and Neocon Awards including Best of Neocon Silver award in 2007 for Tour workspace. Kirt's work has been featured in numerous publications including Metropolis Magazine, I.D. Magazine, & Interior Design Magazine.

Organization Position Status
Steelcase Inc. Designer Current
Turnstone Furniture Current
Aiga Board of Directors Current

Linda Troyer comes to GrandNet with a background that includes working for large companies, including Steelcase and The Upjohn Company, and starting and running a small business, The Cleaner Place. She is a training program developer, trainer, and small business consultant. She has worked with the SBTDC as a consultant to companies who are incorporating technology into their business. Linda is a trainer who relates well to new computer users and is a champion for the importance of all aspects of training within organizations. She is also a member of the Grand Rapids Women's Chorus, is active in the Progressive Women's Alliance, and spends as much time as possible with her 3 grandchildren.

Organization Position Status
Grandnet Consultant Current
Steelcase Inc. Current
Grand Rapids Women's Chorus Board Secretary Current
Grand Rapids Women's Chorus Member Current

Organization Position Status
Steelcase Inc. Current

Organization Position Status
Steelcase Inc. Coordinator of Donations Current

Steven Cody is co-founder and Managing Partner of Peppercom, a mid-sized independent public relations firm with offices in New York, San Francisco and London. Peppercom specializes in the corporate, financial and technology sectors, with such clients as GE, ITT Industries, Ricoh Corporation and Steelcase. Peppercom has numerous industry awards and finished #233 on the Inc. Magazine 2001 list of fastest growing U.S. companies. Steve has authored numerous articles on branding, positioning, crisis communications and sales strategies for such publications as Advertising Age, BtoB, Silicon Valley Business Ink and PR week. He has appeared on MSNBC and CNNfn. His book, What keeps your customer awake at night?, was published by McGraw-Hill in March 2003.

Organization Position Status
Peppercom Co-Founder Current
Counselors Academy Co-Founder and Managing Partner of Peppercom Current
Peppercom Managing Partner Current
Streamcenter, Inc. Current
Ricoh Company, Ltd. Current
Steelcase Inc. Current
ITT Corporation Current
Coach Nick Board of Directors Current
Brouillard Communications, Inc. President Former
Northeastern University B.S. with honors Former

Kate also serves as president of the Kate and Richard Wolters Foundation. Founded in 1997 by Kate and her late husband, Richard, this private foundation makes grants to non-profit organizations with an emphasis in the arts, education, human services and people with disabilities. Kate was appointed by President Bill Clinton to the National Council on Disability in 1994 and was reconfirmed by the U.S. Senate in 1996. For eight of her nine years on the council, she served as its vice chair. Kate currently serves as a board member for a number of organizations, including the Michigan State University Foundation, Progressive Womens' Alliance of West Michigan and Michigan Protection and Advocacy Service. She also serves as a member of the board of the Mary and Robert Pew Public Education Fund, a foundation established by her parents that addresses public education in Palm Beach County, Florida. She serves as co-chair of the Kent County Children's Commission and was appointed by Gov. Granholm to an eight-year term as a member of the Board of Grand Valley State University in 2004. Kate joined the Steelcase Foundation in 1986 as executive director after serving as director of the Grand Rapids Center for Independent Living for two years. From 1982 to 1984, she was a staff social worker in the Steelcase Inc. Counseling and Referral Center. Kate holds a master's degree in social work from Michigan State University and a bachelor of arts degree in sociology from Aquinas College in Grand Rapids. She has received an honorary doctorate of humane letters from Aquinas College (1999), Distinguished Alumni Award from Michigan State University (1994), Arts Award from the Arts Council of Greater Grand Rapids (1997), YWCA Tribute Award (1997), and the Women of Achievement and Courage Award from the Michigan Women's Foundation (2001).

Organization Position Status
Steelcase Inc. Board Chair Current
Steelcase Inc. Executive Director Former
Steelcase Inc. Social Worker Former
The Commission Co-Chair Former
Steelcase Inc. Board of Directors Former
Aquinas College Board of Trustees Former
Grand Valley State University Member of the Board Former
Aquinas College Doctorate Former
Michigan State University Master's Degree In Social Work Former
Aquinas College Bachelor of Arts Degree In Sociology Former

Organization Position Status
National Civil Rights Museum Senior Vice President & CFO, Fedex Express Current
Federal Express Corporation Chief Financial Officer Current
University of Memphis Advisor Current
National Civil Rights Museum Board of Directors Current
Steelcase Inc. Board of Directors Current
Delta Sigma Theta Sorority, Inc. Board of Directors Current
Com Links LLC Member Current
Federal Express Corporation Senior Vice President Former
Kimberly-Clark Corporation Analyst Former
University of Memphis M.B.A. Former
Christian Brothers University Degree Former

Craig Welch Jr. has been a member of the board of directors of Steelcase Inc. since 1979. Steelcase Inc., the global leader in the office furniture industry, delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. Craig began his career with Steelcase in 1967 in the production control department. In 1968, he was appointed an industrial engineer at the company's manufacturing facility in La Mirada, Calif. In 1969, he joined the sales administration department at the California division and was named manager, district sales, in 1970. Craig returned to Grand Rapids in 1970, assigned to special projects of the production control department. In 1972, he was named manager of manufacturing systems data processing, and director of production inventory control (PIC) in 1975. Craig was named director of information services in 1985, responsible for all Steelcase data processing activities. In 1987, he left Steelcase to concentrate his business activities in real estate and venture capital. He attended Colorado College and Michigan State University, where he earned a bachelor of arts degree in sociology in 1966.

Organization Position Status
Steelcase Inc. Member of the Board of Directors Current
Steelcase Inc. Director of Information Services Former
Steelcase Inc. Manager Former
Steelcase Inc. Industrial Engineer Former
Pic Corporation Former
Michigan State University Bachelor of Arts Former
Colorado College Former

Organization Position Status
CMS Energy Corporation President & CEO Current
Nuclear Management Company, LLC Chairman of the Board of Directors Current
CMS Energy Corporation Member of the Board of Directors Current
CMS Energy Corporation Board of Directors Current
Steelcase Inc. Board of Directors Current
CMS Energy Corporation Vice President Former
Iowa State University Master of Science Degree In Nuclear Engineering Former
Iowa State University Bachelor of Science Degree In Engineering Science Former
Harvard Business School Program for Management Development Former

Organization Position Status
Smucker Quality Beverages, Inc. Executive Vice President Current
Belk, Inc. Board of Directors Current
The J.M. Smucker Company Chair Current
The J.M. Smucker Company Board Director Former

Organization Position Status
Steelcase Inc. Board of Directors Current

Organization Position Status
Steelcase Inc. Board of Directors Current

Mike Jandernoa is the former Chairman of the Board and CEO of Perrigo Company, the nation's largest manufacturer and marketer of store brand over-the-counter drug and nutritional products. Mike is a graduate of the University of Michigan and a Certified Public Accountant, having worked at BDO Seidman for seven years prior to joining Perrigo in 1979. Hired by Perrigo as Vice President of Finance, Mike was promoted to Executive Vice President of Sales and Finance in 1981, appointed President in January 1983, and became Chief Executive Officer in 1986. He was promoted to Chairman of the Board and Chief Executive Officer in November 1991, a position he held until May of 2000. During his career at Perrigo, Mike helped lead two LBO's in 1981 and 1988 and the IPO in 1991. In addition to his service on Perrigo's Board of Directors, he also serves on the Board of Directors of Steelcase, Fifth Third Bank of Western Michigan, Cascade Engineering, ADAC Plastics, the Michigan Economic Development Corporation, the Strategic Economic Investment and Commercialization Board (formerly Michigan Technology Tri-Corridor/Michigan Life Sciences Corridor), the University of Michigan Business School Visiting Committee and Grand Valley University Foundation. Mike is a member of the Michigan Business Roundtable and other corporate advisory boards, and is a past member of the Young Presidents' Organization. Mike also serves/chairs on numerous religious and community boards and committees as well. Also, Mike is a co-founder of Bridge Street Capital Partners and a co-founder of Grand Angels.

Organization Position Status
Grand Angels Founder Current
Michigan Economic Development Corporation Principal, Bridge Street Partners, Llc, Grand Rapi Current
Fifth Third Bank Board of Directors Current
ADAC Plastics Inc. Board of Directors Current
Medc, Ltd. Board of Directors Current
Southwest Michigan First Board of Directors Current
Steelcase Inc. Director Current
Michigan Economic Development Corporation Director Current
The Perrigo Company Director Current
Van Andel Institute Board of Directors Current
Cascade Engineering, Inc. Board of Directors Current
The Perrigo Company Private Investor Current
Young Presidents' Organization Member Current
The Perrigo Company Chief Executive Officer Former
The Perrigo Company President Former
The Perrigo Company Cfo Former
The Perrigo Company Vice President of Finance Former
The Perrigo Company Lead Independent Director Former
The Perrigo Company Chairman Former
University of Michigan Board of Directors Former
Young Presidents' Organization Board of Directors Former
The Commercial Board of Directors Former
University of Michigan Bachelor of Arts Degree In Business and Accounting Former

Peter M. Wege II is a member of the board of directors of Steelcase Inc., the global leader in the office furniture industry. Steelcase delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. Peter is currently chairman of Contract Pharmaceuticals Limited, a contract manufacturer of pharmaceuticals for major pharmaceutical companies. Additionally, he invests in, consults with and serves on the boards of several start-up companies. Peter joined Steelcase in 1981 as liaison manager of European operations, based at corporate headquarters. In 1982, he was named executive vice president of Steelcase Canada, then president later that year. Prior to joining Steelcase, Peter was manager of chemical manufacturing at Eli Lilly & Company from 1975 to 1981. In addition to his professional responsibilities, Peter is a trustee of Williams College in Williamstown, Mass., and president of the Wege Foundation in Grand Rapids. Born in East Grand Rapids, Mich., in 1949, Peter received a bachelor of arts degree in chemistry from Williams College in Williamstown, Mass., in 1971. He earned a doctorate in organic chemistry from the University of California, Berkeley, in 1975.

Organization Position Status
Williams College Trustee Current
Contract Pharmaceuticals Limited Chairman Current
Steelcase Inc. Board of Directors Current
Steelcase Inc. Executive Vice President Former
Steelcase Inc. Liaison Manager Current
Steelcase Inc. Liaison Former
University of California, Berkeley Doctorate In Organic Chemistry Former
Williams College Bachelor of Arts Degree In Chemistry Former

William P. Crawford is a member of the board of directors for Steelcase Inc., a position he was elected to in 1979. Steelcase Inc., the global leader in the office furniture industry, delivers a better work experience to its customers by providing products, services and insights into the ways people work. Its portfolio includes architecture, furniture and technology products. Bill retired in May 2000 with 34 years of service. Since 1991, he was president and chief executive officer of the Steelcase Design Partnership, a group of six design-oriented companies serving the contract and residential furnishings markets. Member companies include Brayton International, DesignTex, Details, JM Lynne Co., Inc., Metro, Vecta and Wigand. In his nine-year tenure, the SDP increased in sales and profitability by 300 percent, introduced 200 new products and became an important component of Steelcase Inc.'s growth strategy. From 1986 until 1991, Bill was president of Stow Davis, a premier manufacturer of fine wood furniture. He joined Stow Davis in 1985 as vice president of operations, shortly after the company was acquired by Steelcase Inc. Bill began his career with Steelcase in 1965 as a time study engineer. He subsequently held positions in industrial engineering and plant management before joining Stow Davis. Bill attended Denison University in Granville, Ohio, where he studied history and psychology.

Organization Position Status
Metro Current
Brayton International Inc. Current
Vecta Current
Designtex Current
Steelcase Inc. Board of Directors Current
Steelcase Inc. Chief Executive Officer Former
Steelcase Design Partnership Chief Executive Officer Former
Steelcase Inc. President Former
Steelcase Design Partnership President Former
Steelcase Inc. Time Study Engineer Former
Denison University Former
Ohio.Com Former

Organization Position Status
Steelcase Inc. member Current
Old Salem, Incorporated trustee Former
Sports Illustrated Former
J&M Corporation Director Former
Harvard Business School M.B.A. Former

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     SCS $5.95 -0.05 (-0.83% )
Average Volume 477,843
Shares Outstanding 77.77M
Market Cap 462.7M
Year High 7.68
Year Low 3.03
Earnings Per Share -0.49
P/E Ratio -12.14
Dividend 0.16
Yield 2.69
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