Joseph F Dana has been named President and Chief Executive Officer of Propex Fabrics Inc effective March 20, 2006. Dana was also appointed as a director of the Company effective as of the same date.
Dana, currently Vice President and Chief of North American Operations, joined the Company when it acquired SI Concrete Systems Corporation and SI Geosolutions Corporation on January 31, 2006.
With the acquisition of SI, the Company was fortunate to have two strong leaders in Messrs Ed Stanczak and Joe Dana.
In recognition of Dana's considerable industry experience, the Board of Directors and Stanczak mutually agreed that extensive industry knowledge would be critical to leading the company through the next stage of its growth and that Stanczak would resign his position as President and CEO.
Propex Board Chairman George W Henderson III said, "They are grateful to Ed for his valuable contribution during this period of transition.
His leadership was instrumental in the successful acquisition of SI and the pending divestiture of the Roanoke, Alabama carpet backing facility to a Mohawk Industries affiliate.
They wish Ed much success in future endeavors." Stanczak remains a consultant to the Company.
Prior to joining the Company, Dana, 58, was President and Chief Executive Officer of SI Concrete Systems Corporation and SI Geosolutions Corporation, which were formed in October 2005 as part of the reorganization of the former SI Corporation.
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