Harry & David dumps CEO

Harry & David dumps CEO

Harry & David chief executive Bill Williams was abruptly replaced by Stephen J. Heyer on Monday after a 21-year run.

Williams' severance pay, bonuses and other agreements could allow him to walk away with over $5 million.

"We can all be thankful that when Harry & David was sold that Bill Williams was retained to keep the company on its course," said Medford Fabrication President Bill Thorndike, who has worked with Williams on statewide boards over the years. "Needless to say, the cards we have all been dealt the last year or two were all difficult hands to play. From my standpoint, Bill should be commended for the drastic cuts and doing the realignment the company needed to make to keep the company competitive.

"It must be unimaginable, the stress he has been under the past year or two as he had to dismantle his team," Thorndike said. "He's been loyal to the company and the owners. Hopefully he will be treated fairly as he exits and looks to new opportunities."

Read the full story at the Mail Tribune.

{biztweet}Harry & David Bill Williams{/biztweet}