Clarence H. Smith has been the CEO of Haverty Furniture Companies, Inc. since 2003, playing a key role in steering the company through various market challenges. With a strong educational background, he holds a Bachelor's degree in business administration. Over...
Clarence H. Smith has been the CEO of Haverty Furniture Companies, Inc. since 2003, playing a key role in steering the company through various market challenges. With a strong educational background, he holds a Bachelor's degree in business administration. Over his lengthy career, Clarence has accumulated deep experience in retail and operations, having worked with Havertys since the late 1980s. In 2023, he earned a total compensation of $2,887,694, significantly aligning his pay with the company's performance metrics. Notably, his compensation included a combination of salary, bonuses, and various benefits, without major stock grants or stock options that year, reflecting a shift toward cash-based compensation as a motivator. Clarence has demonstrated a strong connection to his work, evidenced by his stock holdings in the company, and maintained a consistent presence in the financial landscape, with his stake fluctuating over the years. From 2019 to 2024, his stock holdings varied, reportedly worth as much as $49.17 million at a peak in early 2021. As he looks forward, he continues to influence Haverty's strategy and growth, aiming to enhance shareholder value through effective leadership.