MillerKnoll CEO Andi Owen to Retire on June 30
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 01 2026
0mins
MillerKnoll announced President and CEO Andi Owen will retire on June 30, as mutually agreed with the Board. Owen has resigned from the Board and has begun a leave of absence from the company, effective immediately. Jeff Stutz, the company's COO, will perform the duties of the CEO during Owen's leave of absence and will become Interim CEO of the company on June 30. The MillerKnoll Board will conduct a comprehensive search process, including internal and external candidates, with the assistance of a leading executive search firm, to identify the company's next CEO.
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About MLKN
MillerKnoll, Inc. is engaged in the research, design, manufacture, selling and distribution of interior furnishings for use in various environments and provides related services that support organizations and individuals all over the world. Its North America Contract segment includes the operations associated with the design, sourcing, manufacture, and sale of furniture products directly or indirectly through an independent dealership network for office, healthcare, and educational environments throughout the United States and Canada. Its International Contract segment includes the operations associated with the design, sourcing, manufacture, and sale of furniture products directly or indirectly through an independent dealership network in Europe, the Middle East, Africa, Asia-Pacific, and Latin America. Its Global Retail segment includes global operations associated with the sale of modern design furnishings and accessories to third-party retailers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MillerKnoll CEO Andi Owen to Retire on June 30, 2026
- Executive Retirement Announcement: MillerKnoll has announced that CEO Andi Owen will retire on June 30, 2026, as mutually agreed with the Board, indicating significant changes in leadership that may affect investor confidence.
- Board Changes: Owen has resigned from the Board and has begun a leave of absence immediately, suggesting that the company will face uncertainty during this leadership transition, potentially impacting its strategic direction and execution.
- Interim CEO Appointment: Chief Operating Officer Jeff Stutz will perform the duties of CEO during Owen's leave and will officially become interim CEO on June 30, 2026, ensuring operational continuity during this transitional phase.
- CEO Search Process: The MillerKnoll Board will conduct a comprehensive search for the next CEO, including both internal and external candidates, with the assistance of a leading executive search firm, which will directly influence the company's future leadership and strategic direction.
See More
Andi Owen to Retire, Jeff Stutz to Become Interim CEO
- Leadership Transition: MillerKnoll's CEO Andi Owen will retire on June 30, 2026, with Jeff Stutz stepping in as Interim CEO, ensuring stability and continued growth during this transition period.
- Commitment to Strategic Execution: Stutz, who has overseen the International Contract segment and global manufacturing as COO, is expected to continue driving the execution of the company's strategic priorities to maintain market competitiveness.
- Financial Outlook Reaffirmed: MillerKnoll reiterated its fiscal 2026 fourth quarter performance expectations to align with previous guidance, demonstrating the company's stability amid uncertain economic conditions.
- Leadership Legacy: Owen's tenure saw significant transformation for the company, and Stutz's appointment is viewed as a crucial step for future growth and value creation, ensuring continuity and the transfer of experience in leadership.
See More
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- MillerKnoll's Growth Issues: With a GAAP operating margin of 9.6%, MillerKnoll (MLKN) has only achieved 1.4% annual revenue growth over the last two years, significantly lagging behind peers, and its earnings per share have fallen by 7.9% annually over the past five years due to shareholder dilution, limiting its ability to invest or increase buybacks with a weak free cash flow margin of 2.4%.
- Encore Capital Group Risks: Encore Capital Group (ECPG) boasts a high GAAP operating margin of 36.8%, but its sales growth has been a modest 2.6% annually over the last five years, trailing the financial sector average, and its earnings per share have only grown by 3.7%, compounded by a high net-debt-to-EBITDA ratio of 5x that could necessitate unfavorable capital raising if market conditions worsen.
- Investment Caution Summary: While these companies are currently profitable, their growth potential and financial health raise significant concerns, prompting investors to carefully consider avoiding inclusion in their portfolios.
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MillerKnoll to Release FY 2026 Financial Results
- Earnings Release Schedule: MillerKnoll plans to release its fourth quarter and full year fiscal 2026 financial results on June 24, 2026, after market close, highlighting the company's growth potential in the industrial and consumer sectors.
- Investor Conference: Following the release, the company will hold a conference call and webcast at 5:00 p.m. Eastern Time to discuss financial and operational results, aiming to enhance transparency and investor confidence.
- Access Channels: Investors can access the press release and supporting materials on the company's investor relations website, ensuring timely information retrieval and effective communication to boost investor engagement.
- Company Background: MillerKnoll is a global collective of design brands built on the foundation of Herman Miller and Knoll, generating $3.7 billion in net sales for fiscal year 2025, showcasing its strong capabilities in design and innovation.
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- MillerKnoll Performance Decline: MillerKnoll, Inc. (MLKN) has had its current year earnings estimate revised down by 7.1%, indicating challenges in the interior furnishings market that could affect its market share and shareholder returns.
- Quantum Computing Outlook: While quantum computing is seen as the next technological revolution, it is already advancing rapidly, with major tech companies like Microsoft, Google, and Amazon actively integrating this technology to maintain competitive advantages.
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US Stocks Plunge Amid Soaring Oil Prices
- Market Weakness: The S&P 500 index fell by 1.74%, the Dow Jones Industrial Average dropped by 1.01%, and the Nasdaq 100 hit a 6.5-month low, reflecting investor concerns about future economic prospects amid rising oil prices.
- Surging Oil Prices: WTI crude oil prices surged over 4% due to reports of potential military action against Iran by the Pentagon, which heightened inflation expectations and increased pressure on the stock market.
- Strong Labor Market Data: Initial jobless claims rose by 5,000 to 210,000, in line with expectations, while continuing claims fell by 32,000 to a 1.75-year low of 1.819 million, indicating labor market strength that could influence Federal Reserve policy.
- International Economic Impact: The OECD raised its G-20 inflation forecast for 2026 to 4.0%, reflecting the potential global economic impact of the Iran war, with increasing market concerns about escalating tensions in the Middle East that could disrupt global supply chains.
See More
MillerKnoll CEO Andi Owen to Retire on June 30, 2026
- Executive Retirement Announcement: MillerKnoll has announced that CEO Andi Owen will retire on June 30, 2026, as mutually agreed with the Board, indicating significant changes in leadership that may affect investor confidence.
- Board Changes: Owen has resigned from the Board and has begun a leave of absence immediately, suggesting that the company will face uncertainty during this leadership transition, potentially impacting its strategic direction and execution.
- Interim CEO Appointment: Chief Operating Officer Jeff Stutz will perform the duties of CEO during Owen's leave and will officially become interim CEO on June 30, 2026, ensuring operational continuity during this transitional phase.
- CEO Search Process: The MillerKnoll Board will conduct a comprehensive search for the next CEO, including both internal and external candidates, with the assistance of a leading executive search firm, which will directly influence the company's future leadership and strategic direction.
See More
Andi Owen to Retire, Jeff Stutz to Become Interim CEO
- Leadership Transition: MillerKnoll's CEO Andi Owen will retire on June 30, 2026, with Jeff Stutz stepping in as Interim CEO, ensuring stability and continued growth during this transition period.
- Commitment to Strategic Execution: Stutz, who has overseen the International Contract segment and global manufacturing as COO, is expected to continue driving the execution of the company's strategic priorities to maintain market competitiveness.
- Financial Outlook Reaffirmed: MillerKnoll reiterated its fiscal 2026 fourth quarter performance expectations to align with previous guidance, demonstrating the company's stability amid uncertain economic conditions.
- Leadership Legacy: Owen's tenure saw significant transformation for the company, and Stutz's appointment is viewed as a crucial step for future growth and value creation, ensuring continuity and the transfer of experience in leadership.
See More
Three Profitable Companies to Avoid
- Greenbrier Concerns: Greenbrier (GBX) has a GAAP operating margin of 8.7%, yet declining unit sales over the past two years suggest it may need to invest in improvements to regain growth, while its low gross margin of 14.1% indicates fierce competition and high production costs, raising doubts about the long-term viability of its business model.
- MillerKnoll's Growth Issues: With a GAAP operating margin of 9.6%, MillerKnoll (MLKN) has only achieved 1.4% annual revenue growth over the last two years, significantly lagging behind peers, and its earnings per share have fallen by 7.9% annually over the past five years due to shareholder dilution, limiting its ability to invest or increase buybacks with a weak free cash flow margin of 2.4%.
- Encore Capital Group Risks: Encore Capital Group (ECPG) boasts a high GAAP operating margin of 36.8%, but its sales growth has been a modest 2.6% annually over the last five years, trailing the financial sector average, and its earnings per share have only grown by 3.7%, compounded by a high net-debt-to-EBITDA ratio of 5x that could necessitate unfavorable capital raising if market conditions worsen.
- Investment Caution Summary: While these companies are currently profitable, their growth potential and financial health raise significant concerns, prompting investors to carefully consider avoiding inclusion in their portfolios.
See More
MillerKnoll to Release FY 2026 Financial Results
- Earnings Release Schedule: MillerKnoll plans to release its fourth quarter and full year fiscal 2026 financial results on June 24, 2026, after market close, highlighting the company's growth potential in the industrial and consumer sectors.
- Investor Conference: Following the release, the company will hold a conference call and webcast at 5:00 p.m. Eastern Time to discuss financial and operational results, aiming to enhance transparency and investor confidence.
- Access Channels: Investors can access the press release and supporting materials on the company's investor relations website, ensuring timely information retrieval and effective communication to boost investor engagement.
- Company Background: MillerKnoll is a global collective of design brands built on the foundation of Herman Miller and Knoll, generating $3.7 billion in net sales for fiscal year 2025, showcasing its strong capabilities in design and innovation.
See More
Zacks Adds Three Stocks to Strong Sell List
- Alamo Group Earnings Downgrade: Alamo Group Inc. (ALG) has seen its current year earnings estimate revised downward by 7.9% over the last 60 days, indicating pressure in the agricultural equipment market that could negatively impact its stock performance.
- Centrus Energy Profit Warning: Centrus Energy Corp. (LEU) has lowered its current year earnings estimate by 5.6% in the past 60 days, reflecting uncertainty in the nuclear fuel market that may lead to decreased investor confidence.
- MillerKnoll Performance Decline: MillerKnoll, Inc. (MLKN) has had its current year earnings estimate revised down by 7.1%, indicating challenges in the interior furnishings market that could affect its market share and shareholder returns.
- Quantum Computing Outlook: While quantum computing is seen as the next technological revolution, it is already advancing rapidly, with major tech companies like Microsoft, Google, and Amazon actively integrating this technology to maintain competitive advantages.
See More
US Stocks Plunge Amid Soaring Oil Prices
- Market Weakness: The S&P 500 index fell by 1.74%, the Dow Jones Industrial Average dropped by 1.01%, and the Nasdaq 100 hit a 6.5-month low, reflecting investor concerns about future economic prospects amid rising oil prices.
- Surging Oil Prices: WTI crude oil prices surged over 4% due to reports of potential military action against Iran by the Pentagon, which heightened inflation expectations and increased pressure on the stock market.
- Strong Labor Market Data: Initial jobless claims rose by 5,000 to 210,000, in line with expectations, while continuing claims fell by 32,000 to a 1.75-year low of 1.819 million, indicating labor market strength that could influence Federal Reserve policy.
- International Economic Impact: The OECD raised its G-20 inflation forecast for 2026 to 4.0%, reflecting the potential global economic impact of the Iran war, with increasing market concerns about escalating tensions in the Middle East that could disrupt global supply chains.
See More
