Springs Names New Chief Financial Officer

FORT MILL, S.C., Sept. 11 /PRNewswire/ — Springs Industries announced today that Kenneth E.
Kutcher has joined Springs as executive vice president and chief financial officer.Kutcher, 48,
most recently served as chief financial officer and secretary of Greif Bros. Corporation, a $2
billion publicly traded industrial packaging company that produces industrial shipping containers,
containerboard, corrugated products and timber.Prior to his service at Greif, Kutcher served as
chief financial officer for both Celanese Chemicals and Trevira, which was formerly the polyester
business of Hoechst AG. In these roles, he has led global financial,strategic planning, information
technology and capital market activities, including his participation in both the initial public
offering of Celanese AG and the financing of a large acquisition at Greif. He began his career 25
years ago as a staff accountant with CoopersandLybrand and progressed through several assignments
providing support to large public clients.A New Jersey native, Kutcher earned a bachelor’s degree
in accounting from Seton Hall University. He and his family have lived in Charlotte since 1988.

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