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Performance Fibers, Inc. has named Vice President and Chief Financial Officer

April 12, 2007

Polyester fiber specialist Performance Fibers, Inc. has named Torben Wetche vice president and chief financial officer. Mr. Wetche brings more than 23 years of financial experience to Performance Fibers, an affiliate of Sun Capital Partners. His background includes expertise in international business, mergers and acquisitions, raising capital and general management. He joins the Richmond-based company from CP Kelco, an international specialty chemicals manufacturer based in Atlanta, GA, where he was vice president and CFO. Prior to that, Mr. Wetche served as vice president and CFO for Carmeuse North America, a multi-plant lime manufacturer and distributor. He also held several senior positions with the Heidelberg Group, a solutions provider for the print media industry based in Germany, including senior vice president and CFO of the Americas and U.S. divisions.
RadiciSpandex Corp. has promoted global sales manager Marty Moran to CEO while Rob Rebello, former CEO, will transition to a post on the company’s board of directors. The changes follow a decision by Mr. Rebello to pursue an entrepreneurial opportunity heading up a new U.S. operation for an Italian firm. Mr. Moran’s promotion to CEO comes a little more than a year after his promotion to global sales manager overseeing all sales and marketing activities for the company. Mr. Moran’s experience reflects more than 13 years of proven sales growth in the global textile and nonwoven fabric markets. In recent years he was responsible for Radici­Spandex’s largest customer ac­counts and spearheaded the company’s successful business efforts in the nonwoven, heavy denier and Central American markets, resulting in an additional ten percent market growth for the company.

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