
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, January 11, 1995                   TAG: 9501110056
SECTION: BUSINESS                    PAGE: B-6   EDITION: METRO 
SOURCE: PAUL DELLINGER
DATELINE: GALAX                                LENGTH: Short

VAUGHAN FURNITURE PICKS NEW OFFICERS

Vaughan Furniture Co.'s directors on Tuesday elected William B. ``Bill'' Vaughan as the company's new president.

He succeeds his father, John Vaughan, who announced his resignation as president after about 20 years. The board also elected Taylor C. Vaughan to the new position of senior executive vice president.

The election followed the company's shareholders' meeting where officials announced its third consecutive record year for sales. The company's 1994 sales totaled $97.8 million, up from $89.3 million in 1993. Earnings were $4.1 million, or $1.51 a share, compared with $1.37 a share a year earlier.

John Vaughan, 64, has been with the company since 1954. He will continue as chief executive officer and chief of operations.

George Vaughan, 70, who is Taylor Vaughan's father and who has been with the company since 1947, will continue as vice chief executive officer and board chairman. Pressley Turbyfill continues as executive vice president.

John Vaughan said that he and his brother, George, ``both plan on being active for many years.''

by CNB