Elevate Textiles names CEO
22/04/2024
He most recently served as senior operating executive of private equity firm Cerberus Operations and Advisory Company.
He previously served as chief operating officer at Champion One, chief financial officer at InnerWorkings, and held senior leadership positions at Vertis Communications, General Motors and Delphi Automotive.
Jim Continenza, chairman of Elevate Textiles, said: "Jeff brings the right combination of leadership experience, passion and expertise to drive the next phase of growth, innovation and sustainability for all of the stakeholders at Elevate."
Last May, Elevate Textiles announced a change of ownership and “comprehensive recapitalisation” through which its lenders took control from Platinum Equity. Platinum bought International Textile Group in 2016, added American & Efird in 2018 and rebranded as Elevate Textiles in 2019. The recapitalisation added $100 million of new capital into the business and eliminated $394 million of debt from the balance sheet.
Elevate Textiles owns American & Efird, Burlington, Cone Denim, Gütermann and Safety Components.
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