David S. Haffner served as the CEO of Leggett & Platt, Inc. from 2006 until his retirement in 2015. Born on February 17, 1953, he earned a Bachelor's Degree in Business Administration and spent over three decades at the company....
David S. Haffner served as the CEO of Leggett & Platt, Inc. from 2006 until his retirement in 2015. Born on February 17, 1953, he earned a Bachelor's Degree in Business Administration and spent over three decades at the company. Before becoming CEO, he held several positions, including Chief Operating Officer and President. Haffner is notable for implementing performance-based compensation plans that align executive pay with company results, with a focus on metrics like Return on Capital Employed and Cash Flow. During his leadership, the compensation packages were driven by results—he earned a total compensation of approximately $9.8 million in 2015, which included salary, bonuses, and other compensation. Haffner's tenure is marked by a strategic move toward equity-based compensation, which he believed incentivized executives for long-term success. His commitment to aligning executive interests with shareholder values has left a lasting impact on the company’s culture and performance.