McKenna Named President Of Cone Denim

The International Textile Group Inc. (ITG), Greensboro, N.C., has named Thomas E. McKenna to
succeed John L. Bakane as president of its Cone Denim division. Bakane retired from the company in
December 2007.

“We are extremely pleased to have someone of Tom’s experience and knowledge to lead our denim
division,” said Joseph L. Gorga, president and CEO, ITG. “Having grown up in denim, Tom understands
the denim market and the global landscape of the industry. We look forward to his leadership and
many contributions as we move ahead.”

McKenna began his career with ITG Cone Denim in 1981 as a sales representative in New York
City for the company’s predecessor, Cone Mills. After holding sales and management positions in the
United States, he opened the company’s first international sales office in Brussels, and in 1995
moved to Singapore to become director of marketing for the Asia/Pacific region. Later returning to
the United States, he assumed several executive positions including executive vice president, denim
merchandising and marketing, for Cone Mills; and was promoted to president, sales and marketing,
for Cone Denim following the formation of ITG in 2004 through the merger of Cone Mills and
Burlington Industries.

January 8, 2008