Home / Knowledge / News / Textiles / Ted Sanders joins CRAiLAR Technologies as CFO
Ted Sanders joins CRAiLAR Technologies as CFO
04
Mar '13
CRAiLAR Technologies Inc. has named Ted Sanders to the position of Chief Financial Officer, succeeding Guy Prevost, effective March 1. Mr. Sanders brings 20 years of financial management experience in publicly traded and private businesses from startups to multi-billion dollar global companies.

He will work out of the Company's U.S. operations located in Portland, Ore. Mr. Prevost, who has been with the Company since November 2005, will remain with CRAiLAR in the role of Corporate Controller and Compliance Officer based in Victoria, B.C.

Mr. Sanders brings to the CRAiLAR executive management team a proven track record of success, most recently as CFO of U.S. Auto Parts where revenues doubled during his three-year tenure to more than $325 million through organic growth and acquisition, and at PCM Inc. (NASDAQ: PCMI), where he oversaw revenues of $1.2 billion, acquisitions and subsidiary IPOs with a team of 60 during his 10-year tenure.

"Ted strengthens the executive management team with experience at international publicly listed companies that saw significant growth during his tenure. This will prove to be invaluable to CRAiLAR as we transform into a fully operational company and evaluate our intended listing on exchanges that provide broader access to CRAiLAR stock," said Ken Barker , CEO of CRAiLAR.

"Guy has played an integral role in the transformation of CRAiLAR from an organic apparel retailer to where we stand today as the industry's only sustainable natural fiber capable of revolutionizing the fiber industry."

In his new role, Mr. Sanders will lead strategic financial positioning globally, both in the investment community and the industrial sector within which CRAiLAR operates. His strong background of managing growth companies and extensive experience with various forms of capital financing will be a key addition to strategic growth plans for the Company.

In accordance with Mr. Sanders' appointment he has now entered into a services agreement with the Company and has been granted a vesting (over 12 months) stock option to acquire up to 200,000 common shares of the Company at an exercise price of U.S. $2.24 per common share and for a period of up to five years from the date of grant.

Earlier this month CRAiLAR announced that it had retained MZ Group as its investor relations advisor in Canada and the U.S. for communicating its corporate, financial and investor-related developments to shareholders and investors, as well as expanding its shareholder base, particularly in the United States and Canada.

About CRAiLAR Technologies Inc.

CRAiLAR Technologies Inc. offers cost-effective and environmentally sustainable natural fiber in the form of flax, hemp and other bast fibers for use in textile, industrial, energy, medical and composite material applications. Produced using a fraction of water and chemical inputs compared with other natural fibers, CRAiLAR Flax is the newest natural fiber introduction to the market in decades.

CRAiLAR

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search