Barr resigns from Wellman board
December 22, 2006,
Fort Mill,S.C.– David Barr has resigned from the board of directors of polyester fiber producer Wellman, Inc. effective December 31.
The company also stated, “Barr was elected to the board by Warburg Pincus Private Equity VIII, L.P. (“WP VIII”), which holds 11,202,143 shares of preferred stock and is entitled to elect two directors to the board. The other director elected by WP VIII - Kevin Kruse - remains on the board.”
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