Steelcase Inc. CEO James Hackett has announced his plans to retire after nearly two decades in the role. After he steps down in February 2014, Hackett will take a new position as vice chair for an additional year and also will continue as a member of the board of directors.
Hackett became CEO in December of 1994 after holding a variety of sales and leadership positions in the company. He is credited for transforming the company's business model and expanding its global presence.
"Jim Hackett helped change the conversation at Steelcase from merely selling office environments to providing insights about how spaces can impact performance," Rob Pew, Steelcase’s board chairman, said in a statement. "He adopted design, and design thinking, as core beliefs and spread them throughout the company."
Pew added that Steelcase has not yet named a new CEO, but has a succession plan in place.