Our Board

Nominees

A Responsive Board that is Purpose Built to Support Ethan Allen's Continued Growth

Purpose Built for Growth

A Responsive Board that is Purpose Built to Support Ethan Allen’s Continued Growth

Ethan Allen's five, highly-qualified nominees have a deep understanding of Ethan Allen's designer-led, vertically integrated, North American manufacturing business.

A substantially refreshed Board

Ethan Allen's Board has already been substantially refreshed, with three of the four independent directors having joined the Board in the last five years.

A formal, time-bound CEO succession process

Moreover, the Board is focused on adhering to governance best practices and recently announced a formal, time-bound Chief Executive Officer succession process whereby the Corporate Governance, Nominations and Sustainability Committee has engaged a nationally recognized executive search firm that is identifying and evaluating both internal and external candidates. The Board has committed to publicly announcing Ethan Allen's next CEO no later than June 30, 2027, the date on which Mr. Kathwari's current contract is scheduled to end.

Our Nominees

Get to know our nominees

M. Farooq Kathwari

M. Farooq Kathwari

Chairman, President and Chief Executive Officer

Director since 1985

Mr. Kathwari is the Chairman, President and Chief Executive Officer of Ethan Allen Interiors Inc. He has been President since 1985 and Chairman and Chief Executive Officer since 1988. He holds a Bachelor of Arts in both English Literature and Political Science from Kashmir University and an MBA in International Marketing from New York University. He is also the recipient of three honorary doctorate degrees.

Mr. Kathwari serves in numerous capacities at several nonprofit organizations. He is an advisory member of the New York Stock Exchange; director and former chairman of the National Retail Federation; director emeritus and former chairman and president of the American Home Furnishings Alliance; Chairman Emeritus of Refugees International; member of the Council on Foreign Relations; board member of the Western Connecticut State University Foundation, Inc.; advisor to the Institute for the Study of Diplomacy at Georgetown University; and an advisory board member of the Center for Strategic and International Studies.

Among his recognitions, Mr. Kathwari is a recipient of the 2018 Ellis Island Medal of Honor, has been inducted into the American Furniture Hall of Fame and recipient of the National Retail Federation Gold Medal. He has been recognized as an Outstanding American by Choice by the U.S. government. He has received the Yale School of Management’s Chief Executive Leadership Institute Lifetime of Leadership Award. He has also been recognized by Worth magazine as one of the 50 Best CEOs in the United States. He is the author of Trailblazer: from the Mountains of Kashmir to the Summit of Global Business and Beyond.

Mr. Kathwari has extensive knowledge of the history of both the Company and the furniture industry as well as extensive experience in growing and managing a business. Mr. Kathwari possesses insight into retailing, marketing, manufacturing, finance, and strategic planning. In addition, his work with both for-profit and not-for-profit organizations has given him perspectives from other industries, which have proven valuable throughout his service to the Company.

Maria Eugenia Casar

Maria Eugenia Casar

Independent Director

Director since 2022

Ms. Casar currently serves on the Board of Grupo Bimbo and Save the Children Mexico as well as previously served on the Advisory Board of Sigma Alimentos and as a member of the Global Future Council of International Governance and Sustainable Development from 2015 until 2018.

Ms. Casar has held various high level executive positions within the United Nations (“UN”), the government of Mexico and other financial institutions. During her career at the UN, she served as Under-Secretary-General from 2014 to 2016 and as CFO and Controller between 2011 and 2014. Additional roles within the UN included the post of Associate Administrator of the UN Development Programme, Deputy Executive Director of the World Food Programme and Representative of the Secretary-General for the investment management of the UN Joint Staff Pension Fund (UNJSPF), a multi-billion-dollar global portfolio. Between 2006 and 2009, Ms. Casar worked for the government of Mexico, including senior leadership positions of National Treasurer and Executive Director for the Mexican Agency for International Cooperation. Prior to that, she held leadership roles in prominent organizations, including Banco Nacional de Servicios Financieros (BANSEFI). Ms. Casar is proficient in Spanish, English, French and Italian and holds an MBA and a degree in public accounting, with honors, from the Instituto Tecnológico Autónomo de México (ITAM). Ms. Casar brings to the Board her strategic financial and risk management, key sustainability and governance perspectives, sound human resources leadership expertise and in-depth knowledge of managing business transformation initiatives.

David M. Sable

David M. Sable

Lead Independent Director

Director since 2021

Mr. Sable Currently serves as Vice Chair at Stagwell Global. Previously, he was a Co-Founder and Partner of DoAble, a marketing consultancy firm focused on branding, positioning and big ideas. Formally, a Senior Advisor to WPP plc (“WPP”), a multinational communications, advertising, public relations, technology, and commerce holding company, he mentored and consulted across the company. Mr. Sable served as Chairman and Chief Executive Officer of VMLY&R from 2011 to 2019.

Mr. Sable has served as a board member and member of the Audit, Compensation and Nominating Committees of the public company American Eagle Outfitters (NYSE: AEO) since 2013. Mr. Sable propelled Y&R into a top-five global creative firm at Cannes, developed new resources and practices, expanded the global footprint of subsidiary company VML, and ultimately helped unify Y&R and VML into VMLY&R, one of the most successful agencies in the industry today, now known as VML. Prior to his time at Y&R, Mr. Sable served at Wunderman, Inc., a leading customer relationship manager and digital unit of WPP Group, as Vice Chairman and Chief Operating Officer, from August 2000 to February 2011. Mr. Sable was a Founding Partner and served as Executive Vice President and Chief Marketing Officer of Genesis Direct, Inc., a pioneer digital omni-channel retailer, from June 1996 to September 2000. The Ad Club of NY named Mr. Sable an Industry Legend in 2025. In 2013, Fast Company named him one of the 10 Most Generous Marketing Geniuses.

Mr. Sable currently serves on the Board of Directors of UNCF and on the Executive Board of the International Special Olympics, and he was Executive Producer on MTV’s highly acclaimed REBEL MUSIC series. A frequent keynote speaker and author, Mr. Sable is a designated LinkedIn Influencer, where he ranks among the most widely read business leaders in the world. He has received multiple certifications from Harvard Business School Executive Education, including advanced corporate directorship. With more than 30 years of experience in digital leadership and marketing communications, Mr. Sable brings to the Board his strategic insight and ability to connect talent across marketing disciplines and geographies.

Tara I. Stacom

Tara I. Stacom

Independent Director

Director since 2015

Ms. Stacom is an Executive Vice Chairman of Cushman & Wakefield since 2013, a global commercial real estate firm with 53,000 employees in 60 countries. She previously served on the firm’s Board of Directors from 2003 to 2008 as well as the firm’s Global Advisory Board. During her 40-year career, Ms. Stacom was recognized multiple times as the firm’s Global Top Producer and advised major corporations in complex business and real estate decisions, executing some of the largest leasing, sales, and corporate finance real estate transactions.

Ms. Stacom earned her Bachelor of Science degree in Finance at Lehigh University where she later served on the Board of Trustees for several terms. In January 2022, she was appointed to the Board of Directors of Inveniam Capital Partners, a digital data infrastructure solution for private markets. Ms. Stacom received the Real Estate Board of New York’s highest honor in 2011 and in 2016 was awarded the Mendik Lifetime Leadership Award. She was awarded “Woman of the Year” of the New York Executives in Real Estate (WX), and Real Estate New York and Real Estate Forum’s Women of Influence. Ms. Stacom brings more than four decades of extensive knowledge of real estate and physical-retail expertise, risk management, commercial strategist and financial proficiency, corporate governance, and brand and customer perspective to the Board.

Cynthia Ekberg Tsai

Cynthia Ekberg Tsai

Independent Director

Director since 2021

Ms. Ekberg Tsai brings more than 40 years of experience in global finance and technology. Ms. Tsai is currently CEO of Healthquest, where she specializes in providing strategic introductions and advice to rising executives. She was the founder of Tana Systems, a global software and IT company and their former CEO until November 2023. Ms. Tsai spent 16 years on Wall Street as a Vice President with Merrill Lynch and Kidder Peabody.

Ms. Tsai is the Founder and former CEO of HealthExpo, the largest consumer healthcare event in the U.S., where she grew the enterprise from concept to execution. Previously, Ms. Tsai was a General Partner in MassTech Ventures, a multi-million-dollar equity fund focused on technology development at Massachusetts Institute of Technology. Ms. Tsai serves as Chairman of the Board on the Montana Bioscience Alliance and is a board member of the Stand Up To Cancer Foundation, the Prix Galien Foundation, Certus Critical Care Inc., VitaNay Inc. and Titin KM Biomedical. The Harvard Business School Alumni Chapter in New York recognized Ms. Tsai with an Early-Stage Honor Roll Award for Entrepreneurship and in 2004, she also received a “Leading Woman Entrepreneur of the World” Award from the Star Foundation. Ms. Tsai earned a Bachelor of Arts in Psychology from the University of Missouri and brings to the Board her strategic thinking and unique hands-on experience in technology, financial analysis, including investment banking, business development and brand building.

Ethan Allen vs. DGB

DGB Has Not Explained How It Would Deliver Its Promised Returns

Ethan Allen's Board is advancing a focused plan to restore profitable growth while preserving the Company's unique designer-led, vertically integrated model. In contrast, DGB has not provided a detailed operating plan that explains how it will "triple shareholder value in three years."

Ethan Allen

  • Strong financial foundation with consolidated gross margins above 59% over the last five years.
  • Focused on sustainable value creation, returning $768 million to stockholders since going public in 1993.
  • Board nominees bring experience that is directly aligned with Ethan Allen's strategy, including brand building, vertical integration, capital allocation and digital and e-commerce.
  • Oversaw investments in digital tools that support Ethan Allen's designer-led model.
  • Board is running an orderly CEO search and will complete the transition by June 30, 2027.

DGB

  • DGB has no clear operating plan or value creation strategy.
  • DGB has not disclosed a CEO candidate or transition plan specific to Ethan Allen.
  • DGB has not shown that its five nominees have the experience required to oversee Ethan Allen's integrated manufacturing, Company-owned design centers, designer workforce and logistics network.
  • DGB's nominees do not have any significant experience leading a business that manufactures its own products.
  • Replacing the entire Board at once would remove institutional knowledge and introduce significant execution risk.

2026 Annual Meeting · November 4, 2026

Vote FOR all five Ethan Allen nominees

Vote today “FOR” all five Ethan Allen director nominees on the BLUE proxy card and disregard any WHITE proxy card you may receive from DGB.