Doug Bergeron Identifies Proven Retail Operator Stefanie Tsen Ward as Interim CEO Candidate for Ethan Allen

Doug Bergeron, Significant shareholder of Ethan Allen and director nominee campaign leader

“Stefanie has spent her career driving multi-billion-dollar P&Ls, overseeing thousands of employees, and modernizing iconic retail brands through the integration of digital and in-store experiences – precisely the expertise required to revitalize Ethan Allen. She knows the Company, she knows our plan, and she is prepared to lead from day one. Stefanie is an exceptionally qualified interim CEO candidate who is equipped to do right by Ethan Allen’s shareholders and employees.”

Doug Bergeron, Significant shareholder of Ethan Allen and director nominee campaign leader

“Notably, all three leading independent proxy advisory firms have recommended removing Farooq Kathwari from the Board and raised serious concerns about Ethan Allen’s leadership and oversight. Yet under the incumbent Board’s plan, Mr. Kathwari would remain CEO until mid-2027 and on the Board thereafter. The same directors who failed to hold him accountable for years of declining performance and only initiated a CEO search after our campaign began would select his successor. After years of underperformance and reactive succession planning, shareholders should not be asked to entrust Ethan Allen’s future to the same leadership structure that has failed them. From November 4, our nominees would serve as a highly engaged Board, ensuring continuity while delivering early wins in our customer-first transformation. Each of us is ready to roll up our sleeves and support Stefanie and the entire Ethan Allen team.”

Stefanie Tsen Ward, Interim CEO candidate and director nominee for Ethan Allen

“Ethan Allen is an iconic American brand with incredibly talented associates and a heritage of craftsmanship few furniture companies can match. My priority from day one will be execution: connecting the Company’s design centers and digital channels into a seamless customer experience, empowering our associates with the tools to deliver, and holding the business accountable for profitable growth. I am proud to have the confidence of Doug and my fellow director nominees, and I am ready to work alongside the Company’s leadership team, design center teams, and manufacturing workforce to restore this great brand for employees, customers, and shareholders.”