The appointment of a new Chief Executive Officer and a change in fiscal year were among actions approved by the Board of Directors of RG Barry Corporation meeting in conjunction with the company's annual meeting of shareholders.
The Board named Greg Tunney Chief Executive Officer.
Tunney, 44, has been the company's President and COO since February 7th 2006. When hired, his employment contract specified that he would be named CEO following a transition period of up to six months. He replaces turnaround specialist Thomas Von Lehman, 56, who is leaving the company's executive ranks after orchestrating a successful two-year turnaround.
Von Lehman will remain a director and will also serve as a consultant to management through September of this year.
"Following an exhaustive search, the Board unanimously selected Greg as the leader best suited to move our company forward. His formal appointment as CEO is the final step in our turnaround initiative. We are even more enthusiastic and confident today about Greg's abilities than we were when he joined us about 100 days ago," said Gordon Zacks, Chairman of the Board.
"I know I speak for every RG Barry shareholder when I say that we are deeply appreciative to Tom Von Lehman for what he has accomplished during his 24 months as our interim President and CEO. He is an effective, decisive leader who brought keen insight and superior business acumen to a very difficult turnaround situation and achieved exceptional results. We are thrilled he will continue to contribute as a member of our Board," Gordon added.
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