MILLERKNOLL Business Summary

MillerKnoll, Inc. (MLKN) operates as a premier global collective of design brands, generating revenue through the design, manufacture, and sale of high-end furniture and interior solutions for commercial, residential, and healthcare environments. The company’s business model is structured around three primary reporting segments: North America Contract (54% of revenue), Global Retail (28%), and International Contract (18%). Revenue is derived from a diversified multi-channel distribution network comprising direct-to-consumer e-commerce, physical retail galleries, and a global network of independent dealers serving the contract market. MillerKnoll competes directly with Steelcase, HNI Corporation, Haworth, and Humanscale, positioning itself as the industry’s third-largest global entity and a dominant leader in modern design and sustainable workplace innovation. Formed in 2021 via the $1.8 billion merger of industry icons Herman Miller and Knoll, the company is led by President and CEO Andi Owen, a former Gap Inc. executive who spearheaded the integration. The current leadership team includes Chief Financial Officer Kevin Veltman, Chief Operating Officer Jeff Stutz, and Chief Strategy & Technology Officer Megan Lyon, who manages the firm’s digital transformation and technological infrastructure. The company’s strategic direction is overseen by a board chaired by John R. Hoke III, the former Chief Design Officer of Nike. Notable board members include Claire Spofford, former CEO of J. Jill, and Tina Edmundson, President of Luxury at Marriott International, providing deep expertise in retail scaling and premium brand management.