Home / Knowledge / News / Textiles / Hancock Fabrics extends term of CEO Steve Morgan
Hancock Fabrics extends term of CEO Steve Morgan
22
Jul '14
Hancock Fabrics, Inc. announced that the Company has extended the employment agreement with Steve Morgan, the Company’s current President and Chief Executive Officer and a member of the Company’s Board of Directors. Additionally, Morgan will continue to serve as a member of the Company’s Board of Directors.

Morgan was appointed President and Chief Executive Officer in October 2011 after having served in that role on an interim basis since January 2011. The extension is for a four year period until October 17, 2018, on terms that are similar to the current contract, except with additional equity grants and different severance terms. Per Morgan’s request, there are no changes to salary or bonus structure.

Steven D. Scheiwe Chairman of the Board commented, “The last three years have seen a lot of positive changes at Hancock and we as the Board look forward to the next four years as the Company continues to drive the operating results. Steve has devoted a lot of time to building the management team and having consistency at the top will help us to expand upon the improvements made thus far. I am confident in the direction the Company is heading and am excited for the future as Steve helps the Company forge ahead.”

Hancock Fabrics, Inc. is committed to being the inspirational authority in fabric and sewing, serving creative enthusiasts with a complete selection of fashion and home decorating textiles, sewing accessories, needlecraft supplies and sewing machines. The Company currently operates 261 retail stores in 37 states and an Internet store

Hancock Fabrics

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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