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Lumber Liquidators CEO Quits, Catching Company Off Guard

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Justice Dep't To File Criminal Charges Against Lumber Liquidators
NEW YORK — Lumber Liquidators CEO Robert Lynch has abruptly quit the company that is embroiled in an investigation over products imported from China.

Shares tumbled 15 percent in morning trading Thursday.

The company said Lynch resigned “unexpectedly” and declined to provide more details on the resignation when asked by The Associated Press.

The company earlier this month said that it had suspended the sale of all laminate flooring made in China after disclosing that the Justice Department is seeking criminal charges against it. At the time Lumber Liquidators said that it decided to suspend the sales while a board committee completes a review of its sourcing compliance program.