Russell Corporation announced that Robert D. Martin, senior vice president and chief financial officer, will leave the company effective December 31, 2003. Eric N. Hoyle, Russell's CFO from 1998 to 2000, will assume responsibility as interim chief financial officer on January 1, 2004, until a successor is appointed. Martin has agreed to be available to assist in the transition as
needed after that date.
“On behalf of the Board of Directors and the entire Company, I thank Bob for his dedicated service,” said Jack Ward, chairman and CEO. “We appreciate his contributions to Russell.”
“I am pleased to have been a member of the Russell team for the past three
years,” said Martin. “The Company's solid financial position has certainly
created a strong foundation to support Russell's growth.”
In addition to being the Company's former CFO, Hoyle, 56, was CEO and
president of Russell's Cross Creek division based in Mt. Airy, N.C. from 2000
to 2002 and assisted with its reorganization and consolidation into the
Company's artwear business based in Atlanta. During 2003, Hoyle has also been
a consultant to Russell on various financial projects.
Hoyle, a CPA, has 20 years experience as a CFO. He earned his A.B. degree
from Harvard University and his MBA from the University of North Carolina at
Chapel Hill.
