After more than doubling in size the past 10 years, the 69 store Bob’s Discount Furniture chain has executed a succession strategy.
Manchester, Conn.-based Bob’s Discount Furniture elevated Michael Skirvin from his role as president and COO to serve as president and CEO. He assumes the top job from Ted English who will remain with the company as executive chairman.
Skirvin has been with Bob’s since 2011 while English joined in 2006 when the company operated 27 stores in seven states. Today, Bob’s operates 69 stores in 12 states across the Northeast, Mid-Atlantic, and Midwest. Recent years have seen the 25 year old company enter new markets such as Philadelphia in 2014, Pittsburgh in 2015 and Chicago earlier this year.
"The last four years at Bob's Discount Furniture have been the most rewarding of my career,” Skirvin said. “Our team wakes up every day focused on providing value, transparency and helpful support to our customers as they furnish their homes, and we do it with an overarching commitment to excellence. I look forward to advancing the remarkable growth we have had in our brick-and-mortar stores, and on our mybobs.com platform, as we continue to deliver on our promise of value and quality in the years ahead."
Before joining Bob’s, Skirvin held a variety of leadership roles at TJX, including serving as COO of the company’s A.J. Wright store division from 2007 to 2010, and holding leadership roles in real estate, finance, and business development.
“Mike (Skirvin’s) elevation to CEO is an exciting milestone for Bob’s Discount Furniture,” said Tricia Patrick of Bain Capital Private Equity, a board member of the company since Bain invested two years ago. “He has been instrumental to the success of the business during his tenure here. His strong leadership, deep retail expertise, and relentless focus on bringing great values to furniture consumers make him the ideal leader for this next phase of growth at Bob’s Discount Furniture.”