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Textile industry veteran Arnon Tiberg joins Tefron

08
Jul '10
Tefron, a leading producer of seamless intimate apparel and engineered-for-performance (EFPTM) active wear, announced the appointment of Arnon Tiberg as the new Chairman of the Board of Directors. Tiberg, a textile industry veteran, replaces Jacob Gelbard who had served as chairman of Tefron since December 27, 2007.

Mr. Tiberg brings to Tefron many years of direct experience in the textile industry and close relationships with Tefron's major customer base. Mr. Tiberg served as President and CEO of Delta Galil Industries from 1997 to 2006 where he executed a successful turnaround program for the company and lead Delta's global expansion and NASDAQ listing. Mr. Tiberg also serving as a member of the Board of Directors at NILIT, an Israeli nylon fiber manufacturer, since 1987.

Among other senior managerial positions, Mr. Tiberg was Managing Director of Mediterranean Car Agency and CEO of the Manufacturers Association of Israel. In 2000, Mr. Tiberg was awarded the Manufacturers' Association 'Industry Award' which recognizes exceptional activities or achievements in manufacturing industries.

In welcoming Mr. Tiberg, Tefron CEO Amit Meridor commented that, "Arnon brings to Tefron in-depth understanding of managing manufacturing companies in general, and the textile industry, in particular. His long industry experience and direct knowledge of the major customer base will help to strengthen Tefron's turnaround program and especially in improving our service to customers. I have great respect for Arnon, having seen his constructive influence on the Board of Directors at NILIT, where I managed the fiber division, and I look forward to working with Arnon now even more closely to take Tefron forward in its restructuring program."

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, The Gap, J.C. Penney, Wal-Mart, lululemon Athletica, Calvin Klein, Maidenform, Patagonia, Reebok, , 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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