Business

American & Efird CEO Jackson to retire in September

American & Efird Chief Executive Officer Fred Jackson, who will retire in September
American & Efird Chief Executive Officer Fred Jackson, who will retire in September Courtesy of American & Efird

Mount Holly-based manufacturer American & Efird announced this week that Fred Jackson will retire as chief executive officer effective Sept. 28. Chief Operating Officer Les Miller will be promoted to CEO.

Jackson will assume the role of non-executive chairman of American & Efird’s board of directors, the company said in a statement Tuesday.

Jackson has held the textile maker’s No. 1 spot for almost 20 years, and under his leadership, among other achievements, American & Efird reported record revenues, completed three “transformative” acquisitions of former joint ventures in Asia and bought German textile maker Gütermann, an acquisition that proved “extremely accretive,” the company said.

Miller has held his current position since early 2008, and prior to that served as the company’s senior vice president of global sales since 1999.

“Les is well-respected across the industry, he embodies A&E’s core values and possesses the skills and experience to successfully lead the company into the future,” the company said.

American & Efird makes industrial and consumer sewing and embroidery thread for markets including medical supply, automotive and footwear.

The company owns or operates 28 manufacturing facilities in 23 countries and employs 1,187 people in North Carolina.

Katherine Peralta: 704-358-5079, @katieperalta

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