US Meridian Specialty Yarn Group adds Customer Service and Logistics Director

To support major expansions to its US manufacturing operations, Meridian Specialty Yarn Group, Inc. (MSYG) has just promoted Rob Bratcher to Director of Customer Service and Logistics.

This newly created position reflects the continued growth of the company’s North American operations and will support communication between the company’s Valdese, NC, US, plant and their newly expanded textile operations in Ranlo, NC, US. The company’s Valdese operations will supply tow dyed yarn to MSYG’s Ranlo plant to produce various end products, including craft and home furnishing novelty yarns.

Rob BratcherIn his new position, which was effective March 1, Bratcher is responsible for customer service, production planning, inventory management and raw material coordination for both plants. This involves managing communication between both plants and upgrading the software and technology that will support that communication as well as general operations.

“We are delighted to have Rob take on this additional responsibility. He is a very strong leader, teacher, and mentor to all on our team,” said Tim Manson, president of Meridian Specialty Yarn Group. “His experience in the dyed yarn, knitting and weaving businesses, along with his understanding of systems, production flow and what it takes to meet our customer satisfaction goals, are invaluable to our operations.”

MSYG, the leading manufacturer of specialty yarn in the United States, is building a new manufacturing plant in Valdese, NC, USA, which is scheduled to open late 2017. In addition, the company just completed the expansion of its Ranlo, NC, US plant. The new Valdese plant will provide additional manufacturing capacity for both current and new markets, and with the 2016 Ranlo plant expansion, MSYG recently launched the manufacture of wool carpet yarn. When open, the new plant will be the largest supplier of tow dyed fibre to the Ranlo plant.

Bratcher has worked for Meridian Specialty Yarn Group for over a year and was hired to eventually move into this new position. His background includes positions with Sara Lee in planning and scheduling for piece dye, fabric knitting, fabric finishing, and cutting room circular Jersey fabric and rib knitting. He also worked for 10 years at Burke Mills as Director of Customer Service, Distribution and Planning as well as SAP main frame implementation. He was also the yarn buyer and production planner for Barrday Corporation and a purchasing analyst for Valdese Weavers. 

Meridian Specialty Yarn Group, Inc. (MSYG) 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, US, 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.

Sears appoints new Chief Financial Officer

The Company announced on April 21, 2017 that Rob Riecker, currently Controller and Head of Capital Market Activities, has been appointed Chief Financial Officer of Sears Holdings, effective immediately. Riecker joined the Company in 2005 as Assistant Controller and served in various senior positions within the Company’s Finance organization. Riecker succeeds Jason Hollar, who has resigned from Sears Holdings to pursue another career opportunity.

“Rob is a strong leader with significant institutional knowledge through his 11 year tenure with the Company. Rob’s financial acumen, as well as his long-standing relationships with our vendor and lender partners make him highly qualified for the role. Our Board of Directors and entire management team have great respect for Rob and his abilities, and we look forward to working with him in his new role. We also thank Jason for his contributions to Sears Holdings and wish him well on his next venture,” Mr. Lampert said.

Changes in the Syngenta Board of Directors

ChemChina and Syngenta today announced changes relating to the new Board of Directors of Syngenta following the closing of the ChemChina transaction.

Four of Syngenta’s existing Board members will become Independent Directors with effect from the change of control, which will take place on 18 May subject to acceptance of the ChemChina offer by at least 67 % of all Syngenta shares.

The Independent Directors are:

Michel Demaré, Vice Chairman and Lead Independent Director (Swiss/ Belgian)

Jürg Witmer (Swiss) Eveline Saupper (Swiss) Gunnar Brock (Swedish)

Michel Demaré

Jürg Witmer

Jürg Witmer

Eveline SauperGunnar Brock

The Independent Directors will be proposed for re-election at the Annual General Meeting to be held on June 26, 2017. At the same time four Directors will be proposed for election upon nomination by ChemChina:

Ren Jianxin, Chairman (Chinese) Chen Hongbo (Chinese)

Ren Jianxin

Olivier T. de Clermont-Tonnerre (French) Dieter A. Gericke (Swiss)

As specified in the Offer Prospectus, the Independent Directors have no affiliation with ChemChina or its affiliates. Certain matters, such as any reduction in Syngenta’s R&D budget below a specified level and any change in the location of its headquarters, require the affirmative vote of at least two Independent Directors.  Further details are available in the Offer Prospectus.

As of the end of the AGM on June 26, 2017 four members of Syngenta’s current Board of Directors – Vinita Bali, Eleni Gabre-Madhin, David Lawrence and Stefan Borgas – will step down.


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