Dan River Inc. Elects Mimberg to Board of Directors.Business Editors, Apparel/Textiles Writers DANVILLE, Va.--(BUSINESS WIRE)--Nov. 4, 2002 Dan River Inc. (NYSE NYSE See: New York Stock Exchange : DRF DRF Daily Racing Form (horse racing) DRF Dansk Ride Forbund (Danish) DRF Deafness Research Foundation DRF Disaster Relief Fund DRF Data Recovery Field DRF Demat Request Form DRF Dose Reduction Factor ) today announced that the Board of Directors has elected Rainer H. Mimberg to its Board of Directors on November 1, 2002. He was also appointed to serve on the Audit Committee. A retired executive with Bestfoods, Mr. Mimberg brings an extensive background of financial management and international business experience to the Board. During his 36 years with Bestfoods, Mr. Mimberg served in financial and management positions for Latin America, Europe, Africa and the Middle East. He served as Vice President - Finance and as Vice President - Investor Relations Investor relations The process by which the corporation communicates with its investors. during the years immediately preceding his retirement. Joseph L. Lanier, Jr., Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Dan River, said, "We are extremely fortunate to attract an executive of Mr. Mimberg's experience to our Board. In particular, we expect to benefit from his advice and counsel as we plan for success in an increasingly difficult international marketplace. An added bonus is his significant financial, accounting and investor relations experience, as we redouble re·dou·ble v. re·dou·bled, re·dou·bling, re·dou·bles v.tr. 1. To double. 2. To repeat. 3. Games To double the doubling bid of (an opponent) in bridge. v. our efforts to maintain investor confidence during these turbulent times for public corporations." Dan River Inc. is a leading manufacturer and marketer of textile products for the home fashions, apparel fabrics and industrial textiles markets. The Company designs, manufactures and markets a coordinated line of value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. home fashions products consisting of bedroom furnishings such as comforters, sheets, pillowcases, shams, bed skirts, decorative pillows, and draperies for the adult, juvenile, and institutional markets. Dan River also manufactures and markets a broad range of high quality woven cotton and cotton blend fabrics for apparel. Additionally, Dan River manufactures and markets specialty engineered textile products used in making high-pressure hoses and other industrial products. |
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