Reed Cunningham, president and COO of stichbond manufacturer Tietex International, will step down July 1 and retire from the firm, effective December 31, according to Martin Wildeman, chairman and CEO. Robert Wallace has been promoted to succeed Cunningham as president and COO.
“Reed Cunningham’s wisdom and professionalism as a senior executive were instrumental in Tietex's growth and success since he joined our company 20 years ago,” Wildeman says. “We are grateful to him for his dedicated, tireless leadership and further for his decision to stay on for special projects and help execute a smooth transition for the remainder of the year."
Wildeman says Cunningham will continue to serve on the Tietex advisory board of directors after retirement.
Wallace joined Tietex in 2000 as a process improvement engineer. He was promoted several times in operations before being asked to revitalize company sales. Significant success in this endeavor led to his 2011 appointment as corporate vice president, sales and marketing.
“Wade’s performance in various roles has prepared him for this new challenge. We believe his expertise, energy and personal dedication will help propel us at a time when we are experiencing exciting new product development and the opening of new markets,” Wildeman says.