Irene Tasi, a PPG veteran, takes over the Grand Rapids furniture maker under its new Iowa owner
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Overview
Updated 2 hours agoSteelcase has a new president, the first chosen by an outside owner in the company's 114-year history. Iowa-based HNI Corporation bought the Grand Rapids furniture maker more than six months ago and has now installed Irene Tasi, a former PPG executive, to run it.
Tasi's appointment is the clearest signal yet of where control sits. The open question is whether Grand Rapids keeps its roughly 2,000-person Steelcase workforce, or whether HNI folds the company's operations into its own.
Why it matters
If HNI shifts operations to Iowa, Grand Rapids loses a defining employer and the office furniture market narrows to a two-company race.
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One of the world's largest office furniture makers, founded in Grand Rapids in 1912 and bought by HNI Corporation in early 2026.
Iowa-based office furniture maker known for the HON brand; it acquired Steelcase in early 2026, bringing two of the industry's biggest names under one owner.
Timeline
January 1912 September 2026
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Steelcase names Irene Tasi next president
Today LeadershipThe first president chosen under HNI ownership; Tasi joins from PPG as chief transformation officer.
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HNI Corporation acquires Steelcase
AcquisitionThe Iowa-based company bought the Grand Rapids furniture maker. Date approximate, set about six months before the September announcement.
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Armbruster becomes tenth president and CEO
LeadershipSara Armbruster took the top job, the tenth CEO in Steelcase's 109-year history.
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Keane announces retirement, Armbruster named successor
LeadershipCEO Jim Keane said he would retire in January 2022; the board chose Sara Armbruster to take over in October.
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Steelcase founded in Grand Rapids
FoundingThe company started as the Metal Office Furniture Company in Michigan.
Historical Context
2 moments from history that rhyme with this story — and how they unfolded.
Whirlpool acquires Maytag (2005-2006)
Whirlpool bought Maytag for $2.1 billion after a bidding war with a private equity firm. Maytag, a storied Iowa appliance maker, had struggled against lower-cost Asian rivals.
Whirlpool absorbed Maytag's manufacturing and kept the brand on refrigerators and washers.
Over the following decade, Whirlpool closed Maytag's Newton, Iowa, headquarters and shifted production, shrinking the town's defining employer. The Maytag brand became a secondary line.
It is the classic case of a stronger competitor absorbing an iconic brand and hollowing out its home base. The hometown parallel carries weight: HNI is itself an Iowa company, and the pattern frames what could happen to Grand Rapids.
Herman Miller acquires Knoll (2021)
Herman Miller bought rival Knoll for $1.8 billion, uniting two of the most recognized office furniture brands under the MillerKnoll banner. The deal was driven by the collapse of office demand during the pandemic and the need for scale.
The combined company became the industry's largest, keeping both brand names alive.
It set the template for office furniture consolidation, showing that rivals could merge and run parallel brands.
The same market pressure that pushed Herman Miller and Knoll together likely drove HNI to buy Steelcase. The MillerKnoll experience shows both brands can survive under one roof, or quietly compete with each other.
