Polymer Group, a nonwoven producer, has announced that Robert Kocourek, chief financial officer (CFO), will resign from Polymer to pursue other interests. He will continue as Polymer’s CFO until the company files its Form 10-Q for the period that ended 3 October 2009. To ensure an orderly transition, Kocourek has agreed to remain as senior advisor to the CEO until no later than 16 April 2010, during which time he will assist with a smooth transfer of his responsibilities. Until a permanent replacement for Kocourek is found, Keith Hall, a member of Polymer’s board of directors, will be named as interim CFO. Polymer has initiated a search process for the position of CFO and is considering both internal and external candidates.
Hall, a Polymer board member since December 2008, brings over 30 years of experience to his position on the board of directors where he serves as chairman of the capital projects committee and as a member of the audit committee. He was previously CFO of LendingTree, when he retired in 2007. In addition to LendingTree, Hall served as CFO for two Nasdaq-listed software and services companies, Legent Corporation and Broadway & Seymour. He also was CFO of the global, NYSE-listed, specialty-chemical company, Loctite, and CFO for a US$3bn division of United Technologies Corporation.
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