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Shuffle Board: Unifi Names New CEO, Wolverine Pumps Up Exec Team and CFO Change at AEO

Textiles

Unifi

Unifi Inc., a maker of recycled and synthetic yarns, announced that its board of directors appointed Edmund Ingle as CEO and a member of the board, effective July 1.

Ingle previously spent 30 years with Unifi in progressively senior roles from 1986 to 2018 before becoming an executive with Indorama Ventures.

In addition, after more than 40 years of service to Unifi, Thomas H. Caudle Jr., president and chief operating officer of the company, announced his retirement, effective June 27. Albert Carey will remain as executive chairman.

Ingle currently serves as CEO for Indorama’s Recycling Group. Prior to that, he was Indorama’s chairperson and CEO for its Wellman International division.

Ingle began his career in 1986 at Unifi’s operations in Letterkenny, Ireland, and moved to Winston-Salem, S.C., in 1991 to work for Unifi in the U.S. Over the years, has held numerous progressive leadership positions, including vice president of supply chain and global corporate sustainability officer.

Brands

Wolverine

Wolverine World Wide Inc. appointed Chris Hufnagel, Joelle Grunberg and Tom Kennedy to the company’s executive leadership team. Each will now be responsible for multiple brands within Wolverine’s diverse portfolio, and report directly to Blake W. Krueger, Wolverine’s chairman, CEO and president.

Grunberg was named global president of Sperry in February and will continue in that role, with the Saucony, Keds and the Wolverine Kids Group now also reporting to her.

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Hufnagel is a 10-year veteran of the company and was named global president of Merrell in September. Hufnagel will continue in that role, and CAT Footwear, Chaco and Hush Puppies will also now report to him.

Kennedy is a five-year veteran of the company and was named global president of the Wolverine brand in February. Kennedy will continue in that role, and Bates, HYTEST and Harley-Davidson Footwear will also now report to him.

As part of these leadership appointments and organizational changes, Todd Spaletto will be departing the company and his role as president of the Michigan Group will not be filled.

Ted Baker

Ted Baker announced the appointment of John Barton as non-executive chairman of the board. Sharon Baylay will continue in her role as acting chair until Barton formally joins the board.

Barton is currently chairman of EasyJet, having been appointed in 2013. He previously served as chairman of Next plc.

Retail

American Eagle

American Eagle Outfitters (AEO) Inc. appointed Mike Mathias as executive vice president and chief financial officer (CFO).

Bob Madore, AEO’s current CFO, is leaving the company. He will remain with AEO in a senior advisory role reporting to Jay Schottenstein, executive chairman of the board and CEO, through September.

Mathias most recently served as AEO’s senior vice president and head of financial planning and analysis, and has more than 20 years of experience in the retail sector, spanning finance, merchandise planning, strategy, business development and operations. In his new role, Mathias will oversee all aspects of finance, including financial planning, accounting, tax, internal audit, treasury and merchandise planning. He will serve as a member of the executive leadership team and report directly to Schottenstein.

Mathias started his career with AEO in 1998 as manager of finance for stores and operations, rising through the organization with progressive leadership positions across finance and operational areas, including e-commerce, store finance, Aerie planning, strategy and business development. From 2016 to 2017, he departed AEO to serve as vice president of financial planning and analysis at General Nutrition Centers.