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Hayes Steps Down As Guilford CEO

Charles A. (Chuck) Hayes has announced he is stepping down as CEO of Guilford Mills Inc., Greensboro, N.C. Hayes, who has been with Guilford since 1961, will remain with the company as chairman of the board. He will also honor his commitment as 2001 president of the American Textile Manufactures Institute (ATMI).

John A. Emrich has been elected president and CEO. He has been with the company for more than 15 years and held the position of president and chief operations officer since 1995.

In a statement to Guilford associates, Hayes said Emrich will oversee day-to-day operations while Hayes will use vision and global contacts to guide Guilford into the next century.

January 2000



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