TROY, MI — Collins & Aikman Corp. president and CEO Frank Macher yesterday announced the appointments of Stacy Fox to executive vice president, chief administration officer and general counsel; and Susan Armstrong to executive vice president strategic planning, effective immediately. Fox most recently was senior vice president, corporate transactions and legal affairs for Visteon Corp. Armstrong joined Collins & Aikman from Conway, MacKenzie & Dunleavy. Both will report directly to Macher.
“The addition of Stacy and Susan to our senior management team undoubtedly increases Collins & Aikman’s credibility in the marketplace as we look to rebuild our company beginning with its leadership,” said Macher. “Stacy is a highly-regarded executive with tremendous corporate and transactional experience. She brings a wealth of industry knowledge and will provide strong leadership in addressing the complex issues that accompany a Chapter 11 filing and restructuring. Susan has extensive turnaround expertise and has already made an impact as she is playing a key role in the development and implementation of our strategic business plan.”
Fox will manage all of the company’s legal matters and will oversee other key corporate functions. In this capacity, she will serve as a critical member of the company’s turnaround team. Fox joined Visteon from Johnson Controls, where she had been group vice president and general counsel for the Automotive Systems Group. She holds a BS and Juris Doctorate from the University of Michigan. Fox was named in 2000 to Automotive News’ list of the 100 leading women in the industry.
Armstrong will lead the development of strategies for the company’s organizational turnaround and sustainable business plan. She will also be instrumental in evaluating transactions and joint venture opportunities. She brings a strong legal and business background to the company having most recently served as director for turnaround specialist Conway, MacKenzie & Dunleavy. Prior to this role she served as senior counsel at PNC Bank in Louisville, KY, providing business and legal advice on distressed or underperforming companies in a wide range of industries. She holds a BS and Juris Doctorate from the University of Louisville.
Macher also indicated that additional key personnel announcements are forthcoming.
For more information about Collins & Aikman, go to: www.collinsaikman.com .
_______________________________________
