Velcro Companies Appoints President For Fast-Growing Latin America Business

MANCHESTER, NH — September 21, 2016 — Velcro Companies today announced that Dirk Foreman has joined the company as President and General Manager for Latin America, a new position. He will be responsible for all segments of the company’s business in Latin America and for developing and executing a strategy to drive further growth in the region.

Mr. Foreman joins Velcro Companies from Anixter International Inc. (AXE NYSE), a global distributor of communication and security products. Mr. Foreman held several leadership roles in North and South America for Anixter over a 21-year period, and his most recent role was as Senior Vice President, Key Account Sales in the Global Security Solutions Division.  Prior to that he was Senior Vice President and General Manager of the Latin American Electrical & Electronic Solutions Division. He began his career with PNC International in São Paulo, Brazil, as an Accounting Analyst in PNC’s Brazilian banking unit.

Mr. Foreman holds a Bachelor of Arts degree in Portuguese Language and Brazilian Studies from the University of California, Santa Barbara, where he also spent three semesters at the University of São Paulo. He received Graduate Certificates in Telecommunication Studies from San Francisco State University and Telecommunications Engineering from the University of California Berkeley.

Velcro Companies has been serving customers in Latin America for more than 60 years. The company has long had a sales, distribution and customer service center in Mexico City, Mexico, and in 2014 it acquired two companies in Brazil to facilitate its sales and distribution activity in the country. In September 2015, Velcro Companies opened a new factory in Uruguay, which marked a significant expansion of its global production capacity. The Uruguay factory is one of the largest capital investments Velcro Companies has made in recent years, and it is believed to be one of the largest private investments in Uruguay.

Posted September 21, 2016

Source: Velcro

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