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Mr Livneh to resign from Tefron Ltd
17 Nov '09
2 min read
Tefron Ltd., a leading producer of seamless intimate apparel and engineered-for-performance(EFPTM) active wear, announced that Mr. Adi Livneh, who has served as the Company's CEO since September 1, 2008, has notified the Company of his decision to resign from his position as CEO of Tefron.
Mr. Livneh resigned for personal reasons. Mr. Livneh's resignation will become effective upon the earlier to occur of the appointment of a new CEO or February 15, 2012.The Board of Directors would like to thank Mr. Livneh for his contribution to the Company, and wishes him luck in the future.
Establishment of Search Committee for Appointment of New CEO
The Company further announced that the Board of Directors has established a search committee to nominate a new CEO.The search committee is comprised of the Chairman of the Board of Directors and three directors, two of whom are the Company's External Directors. The search committee is expected to present its recommendations to the Board of Directors in the near future.
Tefron manufactures boutique-quality everyday seamless intimate apparel, active wear and swimwear sold throughout the world by such name-brand marketers as Victoria's Secret, Nike, Target, The Gap, J.C. Penney, Maidenform, lululemon Athletica, Warnaco/Calvin Klein, Patagonia, Reebok, Swimwear Anywhere, Abercombie&Fitch, and El Corte Englese, as well as other well known retailers and designer labels. The Company's product line includes knitted briefs, bras, tank tops, boxers,leggings, crop,T-shirts, nightwear, bodysuits, swimwear, beach wear and active-wear.
Mr. Livneh resigned for personal reasons. Mr. Livneh's resignation will become effective upon the earlier to occur of the appointment of a new CEO or February 15, 2012.The Board of Directors would like to thank Mr. Livneh for his contribution to the Company, and wishes him luck in the future.
Establishment of Search Committee for Appointment of New CEO
The Company further announced that the Board of Directors has established a search committee to nominate a new CEO.The search committee is comprised of the Chairman of the Board of Directors and three directors, two of whom are the Company's External Directors. The search committee is expected to present its recommendations to the Board of Directors in the near future.
Tefron manufactures boutique-quality everyday seamless intimate apparel, active wear and swimwear sold throughout the world by such name-brand marketers as Victoria's Secret, Nike, Target, The Gap, J.C. Penney, Maidenform, lululemon Athletica, Warnaco/Calvin Klein, Patagonia, Reebok, Swimwear Anywhere, Abercombie&Fitch, and El Corte Englese, as well as other well known retailers and designer labels. The Company's product line includes knitted briefs, bras, tank tops, boxers,leggings, crop,T-shirts, nightwear, bodysuits, swimwear, beach wear and active-wear.
Tefron Ltd
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