Cymax, a leading e-commerce furniture retailer and technology innovator, announced this week that they have expanded the Board of Directors with the appointment of Kevin Layden, the former COO of Best Buy Canada.
“We are excited Kevin Layden has agreed to join Cymax’s Board of Directors. A veteran of the retail sector, Kevin’s experience is unmatched,” said Arash Fasihi, Cymax’s CEO. “He was instrumental in the integration of Future Shop when acquired by Best Buy Inc. and as COO of Best Buy International was responsible for its international expansion into Mexico, England and China, which will benefit Cymax as we continue our own expansion.”
Layden is the President and Chief Executive Officer of Wesbild, a privately held real estate development company which specializes in master-planned communities, shopping centres, high rises and golf courses. Layden was the President of Future Shop at the time it was purchased by Best Buy, and was responsible for its integration with the company.
Cymax, a Vancouver-based company with an incredible growth story and over $100 million in annual revenue, continues to grow its furniture retailing sales and its service, Constant Retail, which provides a complete end-to-end solution for furniture retailers and vendors, offering Cymax’s sophisticated logistics software combined with their ERP and e-commerce platforms.
The leadership team at Cymax is determined to enter the company into the billion-dollar club, and has its sights set on an IPO late this year or in early 2016.