ALBA-WALDENSIAN PROMOTES BROSY AND OSBORNE
ALBA-WALDENSIAN PROMOTES BROSY AND OSBORNE VALDESE, N.C., April 29 /PRNewswire/ -- Alba-Waldensian, Inc.
(NYSE: AWS), a diversified knitwear manufacturer, has announced the appointment of Mike Brosy as senior vice president of sales for the Consumer Products Division. The division manufactures and markets women's hosiery and pantyhose and intimate apparel for both private label and branded markets. Brosy, 42, reports directly to Tom Schuster, chief operating officer of Alba.
"Brosy's successful track record in sales and sales management will enable Alba-Waldensian to focus on meeting the needs of its rapidly expanding business in the Consumer Products Division," Schuster said. "Mike will build on the successful distribution we have had with our No nonsense(R) branded panty line and While You Wait(R) maternity brand of panties." Brosy joined the Consumer Products Division in early 1991 as vice president of sales for the mid-west region of the United States. He previously held senior sales management positions with International Playtex's Knitwear Division, Estee Lauder and Revlon, Inc. Brosy is a graduate of St. Louis University. In a related organizational change, the company named Harold Osborne as manager of research and development, reporting to Joe Hartley, vice president of operations. "This move is designed to take advantage of Osborne's significant development background in state-of-the-art computer-controlled, circular-knitting technology," said Schuster. Osborne was most recently research and development technician for circular knit products and has been involved in the development of knitted intimate apparel at Alba-Waldensian since 1987. Alba-Waldensian, based in Valdese, N.C., has sales offices in the Empire State Building in New York City. The Consumer Products Division, specializing in high quality innovative fine gauge knitted apparel, continues to build on a 70 percent share of the maternity panty market. Alba's queen size product lines are experiencing significant growth. "During these difficult economic times, Alba-Waldensian has maintained a very low debt to equity level relative to the industry average," Schuster said. "Shareholder equity, another major indicator, has shown steady improvement since 1988 from $10.77 per share to $13.36 in 1991. As a result, we enjoy a strong balance sheet that will allow Alba-Waldensian to focus on the task of growing our business." -0- 4/29/92 /CONTACT: Warren Nesbit, Alba-Waldensian, Inc., 704-879-6515/ (AWS) CO: Alba-Waldensian, Inc. ST: North Carolina IN: TEX SU: PER
CM -- CH011 -- 4279 04/29/92 10:31 EDT
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|Date:||Apr 29, 1992|
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