Malden Mills Industries, Inc. announces the appointment of two senior positions, Edward Schade as Chief Financial Officer and Jonathan Adelman as Executive Vice President of Global Sales. These appointments follow closely on the heels of hiring Andrew Vecchione as COO, all under the direction of new CEO Michael Spillane, who joined the company in July 2004.
Spillane stated, “We are fortunate to have found such an impressive senior management team so quickly. Both Jon and Ed bring the experience and skills to the table that we require to expand our leadership position as a technology company in the textile industry. With the team complete, we can all focus on increasing the pace of innovation and bringing break-through products to market.”
Schade brings over 35 years of corporate finance experience to his role at Malden Mills, most recently as CFO with The Hinckley Company. He has also held senior leadership positions at Totes Isotoner Corporation as CFO and Ethan Allen Interiors Inc. as VP and CFO. Schade has extensive senior financial management experience in financial recapitalization, IPO, M&A transactions, and turnaround initiatives.
Adelman has almost 30 years of executive experience in the textile and apparel industry. He comes to Malden Mills from New River Industries where he served as Managing Director. Prior to New River Industries, Adelman was President & CEO of Lida Stretch Fabrics and Business Manager/Director of Marketing of Milliken & Company. He will oversee sales in Asia and Europe, as well as in North America.
Both Adelman and Schade begin immediately.
