Capel hands control to non-family member
September 14, 2005,
TROY, N.C. -- For the first time in the 88-year history of family-owned and operated Capel Incorporated, the rug manufacturer and supplier has appointed a non-relative to head operations.
Brothers A. Leon Capel, Jr., Jesse S. Capel, and Arron W. E. Capel will retire as executive officers effective Oct. 1, but will retain their director posts.
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