M 
22.33
+3.91%
Close of 9 Nov 2026, in USD
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Company facts
- Sector
- Industrials
- Industry
- Commercial Services & Supplies
- Listed since
- 25 Sept 1970
- Employees
- 10,544
- Website
- hermanmiller.com ↗
- Head office
- 855 E MAIN AVE, ZEELAND, MI, 49464-0302
- Incorporated in
- MI
- Classification
- Office Furniture
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Michael VolkemaNon-Executive Independent Chairman of the Board, since 1995$373,945
- Ms. Andrea OwenPresident, Chief Executive Officer, Director, since 2018$6.4m
- Mr. Kevin VeltmanInterim Chief Financial Officer
- Mr. John MichaelPresident, President, North America Contract$1.9m
- Ms. Debbie PropstPresident, Global Retail$1.9m
- Mr. Jeffrey StutzChief Operating Officer$2.0m
- Ms. Megan LyonChief Strategy and Technology Officer, since 2024$1.6m
- Mr. B. Ben WatsonChief Creative and Product Officer$1.7m
- Ms. Jacqueline RiceChief Legal Officer, Company Secretary
- Ms. Tina EdmundsonIndependent Director$335,833
- Mr. Douglas FrenchIndependent Director$240,000
- Ms. Jeanne GangIndependent Director$335,833
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 90
- Environment
- 99
- Social
- 99
- Governance
- 72
- Direct emissions (scope 1)
- 32,343 t
- Energy emissions (scope 2)
- 57,636 t
- Value chain emissions (scope 3)
- 599,811 t
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Herman Miller Inc boasts a strong and well-established brand reputation, recognized globally for its high-quality and innovative furniture designs. The company has consistently delivered products that align with customer expectations, leading to a loyal customer base.
- The company offers a diverse range of furniture products, catering to various markets, from office spaces to homes. This broad product portfolio provides Herman Miller Inc with a competitive advantage, as it can meet the needs of different customer segments.
- Herman Miller Inc has demonstrated a strong commitment to sustainability, integrating environmental and social responsibility into its business practices. This focus on sustainability not only aligns with increasing consumer demands but also enhances the company's reputation as an ethical and responsible corporation.
Weaknesses
- Herman Miller Inc relies heavily on a few key suppliers for raw materials and components. Any disruption or issues with these suppliers could negatively impact the company's production capabilities and overall business operations.
- Despite its strong brand reputation, Herman Miller Inc has a relatively limited market presence compared to some competitors. Expanding its reach into new markets or increasing market share in existing markets may pose challenges for the company.
Opportunities
- The market demand for ergonomic furniture solutions is on the rise due to increasing awareness of the importance of employee well-being and productivity. Herman Miller Inc can capitalize on this opportunity by offering innovative, ergonomic designs and promoting the benefits to potential customers.
- The company has the potential to expand its operations and penetrate untapped international markets where its brand recognition is not yet fully established. This expansion can lead to increased revenue and market share for Herman Miller Inc.
Threats
- The furniture industry is highly competitive, with numerous global and local competitors vying for market share. Herman Miller Inc must continually innovate and differentiate its products to stay ahead of the competition and retain its customer base.
- Fluctuating economic conditions and potential recessions can significantly impact consumer spending on non-essential items such as furniture. Herman Miller Inc needs to remain vigilant and adapt its business strategies to mitigate the effects of economic downturns.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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