CKC Collins & Aikman Corp

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/

Copyright