John Presley, CEO of Lumber Liquidators Holdings (LL), has reportedly been diagnosed with leukemia.
Presley is scheduled to begin a month-long treatment at a hospital in Richmond, Virginia located near the company’s headquarters in Toano, according to Bloomberg. He announced that he will remain on as CEO and continue to engage with Lumber Liquidators’ daily operations, though travel will be restricted during his treatment and might be limited for some time after. Presley says that it was caught early and it’s very treatable, adding that he feels “strong physically and mentally going into this.”
Presley has been at the company since 2006 and began serving as CEO in November after the previous chief executive stepped down in the midst of a federal probe. Lumber Liquidators was the focus of a “60 Minutes” report last year that alleged its flooring contained formaldehyde, a carcinogenic chemical, in levels that exceeded California’s health and safety standards.
Coins2Day reported that the Centers for Disease Control and Prevention released its report on the company just this month stating that though some types of its laminate flooring may cause irritation and breathing problems, the risk for cancer is low.