Collins & Aikman (NYSE:CKC)
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Collins & Aikman Announces Executive Appointments
TROY, Mich., Oct. 13 /PRNewswire-FirstCall/ -- Collins & Aikman Corporation
(NYSE:CKC) today announced the following executive assignments and
appointments:
Bryce Koth has been appointed to the position of Chief Financial Officer,
effective immediately. Koth was the company's Vice President-Finance &
Controller and head of tax. Prior to coming to Collins & Aikman in 2002, Koth
had held senior finance positions at Visteon Corporation and Ford Motor
Company, and had worked at Deloitte and Touche.
Koth replaces J. Michael Stepp, who has announced his retirement from the
full-time executive position of CFO. Mr. Stepp will continue in his position
as Vice Chairman of the company's board of directors.
David Cosgrove has been appointed Senior Vice President-Financial Planning &
Controller replacing Koth. Previously Cosgrove was the company's Vice
President-Financial Planning and Analysis.
Robert Krause has been appointed Senior Vice President-Finance &
Administration. In this newly created position Krause will be responsible for
Risk Management, Investor Relations, Human Resources, Information Technology
and Facilities Management.
John Galante has been appointed Vice President and Treasurer replacing Mr.
Krause. Previously Galante was Director of Strategic Planning.
Referring to Mr. Stepp's retirement, David A. Stockman, Chairman and CEO of the
company said "Three years ago we called Mike back to C&A to help integrate our
acquisitions and restructure the Company's financial operations." Stockman
continued, "His missions are accomplished. Our acquisitions are now
integrated. We have completed a refinancing of our balance sheet. And he has
helped reshape our finance team by bringing in and training these talented
people who are ready for the job."
"We look forward to benefiting from Mike's continuing good counsel as an active
member of our board of directors," Stockman added. "I have great confidence in
Bryce Koth, Dave Cosgrove, Bob Krause and John Galante and the rest of our team
of finance professionals," Stockman added. "They are our finance leaders for
the future of the new Collins & Aikman."
Collins & Aikman Corporation, a Fortune 500 company, is a global leader in
cockpit modules and automotive floor and acoustic systems and is a leading
supplier of instrument panels, automotive fabric, plastic-based trim, and
convertible top systems. The Company's current operations span the globe
through 16 countries, more than 100 facilities and nearly 24,000 employees who
are committed to achieving total excellence. Collins & Aikman's high-quality
products combine superior design, styling and manufacturing capabilities with
NVH "quiet" technologies that are among the most effective in the industry.
Information about Collins & Aikman is available on the Internet at
http://www.collinsaikman.com/ .
DATASOURCE: Collins & Aikman Corporation
CONTACT: Media Inquiries: David A. Youngman, Director Corporate
Communications, +1-248-824-1562, , or Investor
Inquiries: Robert Krause, Senior Vice President-Finance & Administration,
+1-248-733-4355, , both of Collins & Aikman
Corporation
Web site: http://www.collinsaikman.com/