Tim Yaggi

Tim Yaggi

President & CEO

Pella Corporation

 

Tim most recently served as Chief Operation Officer and Interim President & CEO of Tempur Sealy International—the world’s largest bedding provider with revenues over $3 billion. There, he led the successful integration and growth of the newly acquired Sealy, reversing its share loss trend and improving margins. Tim also drove the product reinvention and turnaround of the Tempur-Pedic brand from double-digit sales decline to double-digit growth while increasing gross margins, and created the new Flex product line for an untapped consumer segment. Committed to sustainable value creation, Tim enabled his team to develop a differentiated brand portfolio and new channel capabilities as well as deliver cost and quality improvements.

Prior to Tempur-Pedic, Tim was Group President of MASCO’s North America Builder Group where he oversaw a portfolio of 7 independent companies with 15,000 employees and sales of $2.5 billion. The portfolio of companies—all suppliers of home improvement products and services—included Masco Cabinetry Group, Milgard Windows & Doors, Masco Contractor Services, and Service Partners. Tim led the group through the worst housing decline in U.S. history by identifying ways to reduce costs while improving value for customers. Efforts included product portfolio simplification, service enhancements, and market diversification.

At Whirlpool, Tim led brand and channel efforts during his time as Vice President of Global Brand
Marketing, Vice President of Whirlpool and KitchenAid Brands, and Senior Vice President of the Brand Portfolio Group. Notable achievements include share and earnings growth of the Whirlpool brand via brand building efforts—specifically the implementation of key distribution and product strategies, and double-digit growth of the KitchenAid brand while achieving a price improvement in a highly pricecompetitive environment. His teams also earned “Supplier of the Year” awards from Lowe’s, Best Buy and Sears.

Promoted to Executive Vice President of Whirlpool’s North America Market Operations—a $12 billion revenue business unit—Tim led the integration of the Maytag acquisition and brought his innovative mindset to brand-building, supply chain, and talent initiatives. He also chaired the resource allocation committee that prioritized all North America’s capital and engineering resources for the Whirlpool, KitchenAid, Maytag, Jenn-Air, and Amana brands. Tim also held marketing roles at Norelco (Philips) and J.Crew, Inc. early in his career. He received his degree in psychology from Princeton University and an M.B.A. degree with emphasis in marketing from
Michigan State University.

 

 

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Iowa Business Council members are leaders in Iowa and in the U.S.  In fact, seven IBC members were recognized on the 2018 "America's Best Employers" lists released by Forbes.

Congratulations Principal, University of Iowa HealthCare, Hy-Vee, Pella Corporation, Wellmark Blue Cross and Blue Shield, Wells Enterprises, and Meredith Corporation on this exciting recognition.

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