Semperit has appointed Frank Gumbinger as new CFO

The Supervisory Board of Semperit AG Holding has appointed Frank Gumbinger (48) as Chief Financial Officer for three years – until 31 December 2019 – as of 1 December 2016.

Gumbinger, Frank (1)Born in Germany, Gumbinger studied Business Administration at the Goethe University Frankfurt. In addition to Accounting, Controlling, Tax, Treasury, Investor Relations, Internal Audit, Risk Management and Legal he will take over the Information Technology area. In his most recent position, Gumbinger was CFO of Progroup AG after holding various management positions in the Delton Group, most recently as CFO of the publicly listed CEAG AG. In each case as CFO, Gumbinger was also responsible for IT.

“With Frank Gumbinger we have won a renowned top manager for Semperit AG Holding. The Semperit Group will profit from his comprehensive expertise in the financial sector and his long-standing international experience. Frank Gumbinger perfectly complements the Management Board in order to ensure the positive future development of the Semperit Group even in challenging times,” says Veit Sorger, Chairman of the Supervisory Board of Semperit AG Holding, referring to the appointment of the new CFO.

As announced in September this year, the previous Chief Financial Officer (CFO) Johannes Schmidt-Schultes and Chief Information Officer (CIO) Declan Daly informed the Supervisory Board that they would not extend their mandates but take up new challenges. The two Management Board members of the Semperit Group have resigned from their positions as of 30 November 2016.

Therefore, the Management Board of the Semperit AG Holding will consist of Thomas Fahnemann (Chairman of Board, CEO), Frank Gumbinger (CFO), Michele Melchiorre

(CTO) and Richard Ehrenfeldner (COO) as of 1 December 2016.

U.S. Meridian specialty yarn Group adds two new positions to management team

In step with major expansions to its US manufacturing operations, MSYG Meridian Specialty Yarn Group, Inc. has added two positions to the company’s management team — a Vice President of Finance and a Sales & Marketing Manager.

The new positions reflect the continued growth of the company’s North American operations plus entry into new markets. MSYG, the leading manufacturer of specialty yarn in the United States, is building a new manufacturing plant in Valdese, NC, USA and just completed the expansion of its Ranlo, North Carolina, USA plant. The new Valdese plant will provide additional manufacturing capacity for both current and new markets, and with the 2016 Ranlo plant expansion, MSYG has launched the manufacture of wool carpet yarn.

The personnel hired to fill the new positions bring an impressive depth of experience in the textile industry to operations at MSYG.

Ed CarollEd Carroll, former Vice President Finance for the Branded Apparel Segment of Gildan Activewear, Inc., has been hired as Vice President of Finance. Carroll brings over 20 years of experience directing the financial operations of textile and performance brands. This includes positions at Hanesbrands and Outer Banks. He is a graduate of UNC Chapel Hill, with a BS in Business Administration, and his experience includes strategic long-range planning, fiscal accountability, enterprise risk management, M&A and product cost and profitability reporting and analysis.

Amy Isenhour, the former Brand Sales Manager for Unifi, Inc., will lead theAmy Isenhour company’s sales and marketing operations as Sales & Marketing Manager. Isenhour has a BS in Textile and Apparel Management from NC State, and has built a depth of experience in the textile industry that covers several disciplines. This includes working as a Dyeing Operations Manager for Sara Lee Knit products, a chemical sales representative for Ciba Specialty Chemicals, and working in sales for Huntsman International Textile Effects.

“We have an aggressive growth plan stemming from the recent, and ongoing, heavy capital investments at our Valdese and Ranlo plants, and Ed and Amy will both play vital roles in the execution of that plan,” said Tim Manson, President of MSYG. “They bring a level of professionalism, experience, knowledge, and creativity that completes our management team and have the talent we need to meet our goals. Along with that, they fit our culture well and are just good folk. We are delighted that they are joining the MSYG team.”

Meridian Specialty Yarn Group, Inc. is the leading specialty yarn manufacturer in the United States. At the company’s wet processing plant in Valdese, North Carolina, US, Meridian offers package dyed yarn, space dyed yarn, top dyed wool, yarn printing and twisting. At the novelty spinning operation in Ranlo, North Carolina, USA, Meridian produces coarse count novelty yarn from various substrates using six different yarn formation technologies. The end uses for these yarns include home furnishings, carpeting, hosiery, industrial, craft and apparel. Meridian Specialty Yarn Group is a Meridian Industries, Inc. company.

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