Home / Knowledge / News / Textiles / Xerium Technologies appoints Chief Financial Officer
Xerium Technologies appoints Chief Financial Officer
29
May '09
Xerium Technologies Inc, a leading global manufacturer of industrial textiles and rolls used primarily in the paper production process, announced the appointment of David G. Maffucci as Executive Vice President and Chief Financial Officer, effective June 8, 2009. Since December 1, 2008, Mr. Maffucci has served on Xerium's Board of Directors and as Chairman of the Company's Audit Committee.

Mr. Maffucci will remain a member of Xerium's Board of Directors, but will step down from his positions on the Company's Audit and Nominating and Governance Committees. Edward Paquette, who has been a director since July 2004 and is a current member of the Company's Audit Committee, will serve as Chairman of the Audit Committee.

From 2005 to 2006, Mr. Maffucci served as Executive Vice President of Bowater Incorporated, a manufacturer of newsprint and other specialty paper, pulp, and solid wood products, and President of Bowater's Newsprint Division. Previously, from 2002 to 2005, he was Executive Vice President and Chief Financial Officer, and from 1995 to 2002, he was Senior Vice President and Chief Financial Officer of Bowater Incorporated. Mr. Maffucci is a certified public accountant and also serves as a director of Martin Marietta Materials, Inc., a producer of construction aggregates.

“I am delighted that Dave has decided to join the management team at Xerium after having spent almost six months getting to know us through his service on our Board of Directors. We have already benefitted from Dave's extensive financial strength at the Board level, and we in management welcome his deep understanding of our business and Company,” said Stephen R. Light, Xerium's President, Chief Executive Officer and Chairman.

“We also plan to take advantage of Dave's proven strategic skills as we continue to position our Company for economic recovery and a return to growth. I am particularly excited about attracting a person with Dave's experience and stature within the industry to assist in implementing Xerium's turnaround strategy and I look forward to Dave's engagement in our continuing improvement process, launched in early 2008, that has yielded positive results to date.”

Xerium Technologies Inc


Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Top executives
Textile industry, India

The event should be organised every year

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Paolo Ocleppo
Sandvik Hyperion

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search