Appointment · 21 October 2026
MILLERKNOLL, INC.
MLKN · Listed
Key facts
- How the CEO left
- No departure described
- Planned or abrupt
- Planned
- Successor
- Internal (a current executive)
- Signs it was forced
- None stated
- Other news alongside
- None
- Effective
- 21 October 2026
Read from the filing and press release by a language model (Google Gemini), told to use only that text. It can make mistakes; the quotes below are the source.
The announcement
Appointment of Mr. Stutz as Chief Executive Officer and to the Board On October 21, 2026, MillerKnoll, Inc. (the “Company”) announced that its Board of Directors (the “Board”) has appointed Jeffrey M. Stutz, age 55, as Chief Executive Officer and as a member of the Board, in each case effective as of such date (the “Start Date”).
Offer Letter with Mr. Stutz In connection with Mr. Stutz’s appointment as Chief Executive Officer, the Company entered into an offer letter with Mr. Stutz, dated October 20, 2026, which sets forth the material terms of his employment and compensation.
To reflect Mr. Stutz’s promotion to Chief Executive Officer and the increase in his target annual long-term incentive opportunity, the offer letter also provides for a one-time “step-up” equity grant with an aggregate target grant date value of $1,075,000, representing the difference between the target grant date value of his July 2026 annual equity grant and his new annual target grant value.
Sentences matched by our CEO change rules, from the first filing. Read the 8-K on SEC EDGAR ↗
Share price reaction
The filing reached SEC EDGAR on 21 October 2026 at 08:00 New York time, before the market opened, so day 0 is that same day. Day 0 is marked by the vertical line.
| Window | MLKN | S&P 500 | Abnormal |
|---|---|---|---|
| Days 0 to +1 | +1.9% | −0.7% | +2.7% |
| Days 0 to +3 | −0.9% | −0.5% | −0.6% |
| 1 month (days 0 to +21)so far, 5 of 22 days | −2.4% | +0.1% | −3.0% |
| 3 months (days 0 to +63)so far, 5 of 64 days | −2.4% | +0.1% | −3.0% |
The abnormal return is the stock's return beyond what its usual relationship with the market (beta 1.22) predicts. A single stock's move can reflect other news on the same days, so it describes what happened rather than measuring the effect of the CEO change; averages across many events are on the Research design page as they are completed.
News coverage
No matching headlines found. Coverage is thinner for smaller companies.