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Centofanti named president of National Felt.

In an appointment that certainly bodes well for beleaguered National Felt, Easthampton, MA, Anthony Centofanti has been named chairman, president and chief executive officer. Mr. Centofanti had been chairman and president of Poly-Bond, Charlotte, NC, a division of Canadian manufacturer Dominion Textile for the past two years. He assumed the new position on May 1.

National Felt encountered serious financial problems last summer; as a result, Argus Management, a Massachusetts consulting firm that specializes in interim and turnaround management for companies in financial trouble, was brought in to run the company. According to Peter Kurzina of Argus, who has been chief operating officer of National Felt since last summer, "We have worked through some of the problems, but there is still much that remains to be done. However, the time has come to have full-time permanent leadership at the company." Argus Management will remain in place until Mr. Centofanti has filled several upper management positions and is ready to take over the reigns of the company on his own.

Mr. Centofanti stated that while he regrets leaving Poly-Bond, "the growth potential of [National Felt] coupled with their loyal customer base, proven technology base and multiple manufacturing capabilities provide the ingredients of an innovative leader in nonwovens." No one has yet been named to replace Mr. Centofanti at Poly-Bond.
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Title Annotation:Top of the News; Anthony Centofanti
Publication:Nonwovens Industry
Article Type:Brief Article
Date:May 1, 1992
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