Fontenot confirmed as WPS ceo

Chip Fontenot has been confirmed as ceo of west point Stevens, a post he's held on an interim basis since the ouster of former chairman and ceo Holcombe Green Jr. when the company filed for bankruptcy protection from its creditors in June.

Before stepping into the hot seat, Fontenot had been president and chief operating officer since joining the company in 2001, succeeding former president Tom Ward.

An industry veteran with more than 30 years of experience, Fontenot rose through the ranks learning the home fashions business at Springs Springs, he rose to the post of president of the consumer products division. He subsequently left Springs to become chairman, president and ceo of Perfect Fit Industries and was later president and chief operating officer at Dyersburg Corp.

"This clearly shows strong support for Chip from the board of directors and also the full support of our creditors," said Lorraine Miller, WestPoint Stevens senior vp for investor relations.

Miller added, "This has been a very popular move within the company, and people within have been delighted to hear it. It's a very positive move for the company."

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See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!