Hardwood flooring retailer Lumber Liquidators Holdings Inc’s chief executive, John Presley, said on Tuesday he had been diagnosed with leukemia.
“The good news is that it is a very treatable form of the disease with standard protocols for treatment, and we have caught it very early,” Presley said in a letter to the company’s shareholders and employees.
“I feel strong physically and mentally going into this.”
Presley, who was appointed the company’s CEO in November, said he would undergo a 30-day treatment in Richmond, Virginia, and would be able to stay involved in the day-to-day operations of the company.
Presley, former CEO of First Capital Bancorp Inc, took the helm at Lumber Liquidators five months after Robert Lynch resigned following a report that the company sourced flooring laminates with harmful levels of a known carcinogen.
(Reporting by Ramkumar Iyer in Bengaluru; Editing by Saumyadeb Chakrabarty)