GEDDES — Metro Mattress, a Geddes–based mattress retailer with stores across upstate New York, is ending 2018 under new ownership. David Shiroff, the firm’s former president and CEO, announced that he has sold his interest in the mattress retailer to “other existing shareholders,” per a news release Shiroff forwarded to CNYBJ on Dec. 12. The […]
GEDDES — Metro Mattress, a Geddes–based mattress retailer with stores across upstate New York, is ending 2018 under new ownership.
David Shiroff, the firm’s former president and CEO, announced that he has sold his interest in the mattress retailer to “other existing shareholders,” per a news release Shiroff forwarded to CNYBJ on Dec. 12.
The unnamed shareholders have been involved with the chain for more than 30 years, the company said.
The news release, titled “Business as usual at Metro Mattress,” didn’t offer transaction details such as financial terms, and Shiroff declined to be interviewed.
“Over the course of the last 18 years, it has been my distinct privilege to serve as president & CEO of Metro Mattress, building Metro into one of the preeminent specialty bedding retailers in the history of the industry,” Shiroff contended.
Shiroff will be leaving the company to pursue other interests outside of the industry and in another region. The firm’s news release didn’t provide other specifics.
“It is bittersweet for my family and I to leave the [Central New York] community,” he said.
FurnitureToday reports that Shiroff has accepted an offer to become a partner and CEO of a “rapidly expanding solar energy company” based in Scottsdale, Arizona, citing a posting Shiroff made on his Facebook page.
Jason Mehl, current CFO of Metro Mattress, has been named the new company CEO, per the release.
“Jason has been an integral component of Metro Mattress’ senior management team for over 15 years,” said Shiroff. “He knows every aspect of the business and his vast leadership experience will allow Metro Mattress to continue operating with no disruption whatsoever. I’m pleased to report that I am leaving Metro as a profitable, strong company with a bright future ahead in both the short, medium and long term.”
Metro Mattress said it is currently exploring new markets including its first stores outside New York, along with an “increased expansion through various online opportunities.”
Metro Mattress is a 52-store chain serving the Syracuse, Albany, Buffalo, Rochester regions along with Northern New York and the Southern Tier. Its headquarters are located on John Glenn Boulevard in the town of Geddes.
