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Unifi announces new leadership transition

21
Mar '19
Pic: Unifi
Pic: Unifi
The Board of Directors of Unifi has elected Albert P. Carey, currently the company’s non-executive chairman, as its executive chairman, effective April 1, 2019 and has appointed Thomas H. Caudle, Jr. as the company’s principal executive officer effective immediately. Unifi is a leader in manufacturing synthetic and recycled performance fibres.

Caudle previously served as the company’s principal executive officer from April 2016 to May 2017 and will continue to serve as a director and the president & chief operating officer of the company. Carey is presently the CEO of PepsiCo North America, a position from which he is expected to retire at the end of March 2019.

Unifi also announced that Kevin D. Hall and the company have mutually agreed that Hall would resign as the company’s chief executive officer and as a director of Unifi, both effective immediately, according to a press release by the company.

“We are grateful to Kevin for his service and leadership of Unifi over the past two years. We thank Kevin for his contributions, hard work, and dedication, and wish him the best in his future endeavours. Unifi has a talented leadership team, and we are confident that Al’s and Tom’s proven leadership, knowledge of our businesses, commitment to our culture, and focus on value creation for shareholders have positioned them well to lead the company and to help execute its strategic plan,” the Board of Directors said.

“Unifi is a fundamentally strong company with great business opportunities and tremendous talent. It is a privilege to be asked to help lead this company. Tom and I will be working very hard in the coming weeks to drive superior execution of the company’s strategic plan and look forward to helping Unifi grow its business and capitalise on its strategic vision. The Board and I remain focused on enhancing performance and delivering value for customers, shareholders and employees. I believe that the company continues to have tremendous potential for growth and that we have an exciting future ahead of us,” Carey said. (GK)

Fibre2Fashion News Desk – India


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