Collins & Aikman Announces Key Finance Executive Appointments
TROY, Mich., Dec. 21, 2005 -- Frank Macher, President and Chief Executive Officer of Collins & Aikman Corporation (CKCRQ) today announced the following recent financial executive appointments:
Tim Trenary has been appointed Vice President and Treasurer. Trenary joins Collins & Aikman from Federal-Mogul where he most recently held the position of Finance Director for South America and the Director, Financial Services and Processes. Prior to this role, he was the Director, Reorganization Finance & Administration. He holds a Bachelor degree in Accounting from Michigan State University and a Master of Business Administration from University of Detroit.
Matti Masanovich has been appointed Vice President, Internal Audit. His previous automotive experience includes positions as Director, Audit Services for Federal-Mogul Corporation. He holds a Bachelor degree in Finance & Accounting and a Master of Business Administration in Finance & International Business from the University of Windsor. Masanovich has worked previously with PricewaterhouseCoopers LLP in Detroit, Michigan and Coopers & Lybrand in Toronto, Ontario.
Pete Speers has been appointed Vice President, Financial Planning and Analysis. Speers joins the Company from Diversified Property Solutions where he served as Director, Fixed Asset and Sarbanes Oxley Consulting Practice. His previous automotive experience includes serving as a Group Controller and Pricing and Product Development Manager for Visteon Corporation. Prior to these roles he served in positions of increasing responsibility for Ford Motor Company. He holds a Bachelor degree in Engineering from Michigan Technological University and a Master of Business Administration in Finance from The University of Chicago.
"We are extremely pleased to announce the addition of these executives to Collins & Aikman's management team," said Macher. "These recent appointments reflect the depth and talent of financial leadership now at the Company and our commitment to providing accurate, timely and informative reporting to all interested parties going forward.
"Their comprehensive experience regarding the financial requirements of the automotive supply base makes them ideally suited for the rapidly changing dynamics of our industry. Their understanding of our strategic business development plan and the challenges faced by today's global Tier One suppliers will be invaluable as Collins & Aikman completes its restructuring and prepares to emerge from bankruptcy protection."
Collins & Aikman Corporation is a 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 is headquartered in Troy, Michigan. Additional information about Collins & Aikman is available on the Internet at http://www.collinsaikman.com/ .