Lumber Liquidators CEO has leukemia

Lumber Liquidators CEO John Presley announced in a letter to employees and shareholders Wednesday that he has been diagnosed with leukemia.

"I wanted to let you know that I have been diagnosed with leukemia. The good news is that it is a very treatable form of the disease with standard protocols for treatment, and we have caught it very early," Presley wrote. "I feel strong physically and mentally going into this."

Presley will be hospitalized in Richmond during a 30-day treatment program.

"While travel will be restricted during treatment and may be limited for some period afterwards, I have been advised that I will be able to stay actively involved in the day-to-day operations of the company throughout the process," Presley wrote. "If there is a change in my health in the future, I will let you know."

Presley was appointed CEO on Nov. 4, 2015, succeeding company founder Thomas Sullivan at Lumber Liquidators, embattled by a federal investigation into selling illegally sourced lumber that was resolved by a guilty plea late last year and by a number of consumer lawsuits.


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