WestPoint Stevens Inc. (NYSE: WXS) (www.westpointstevens.com ) today announced that Michael J. Velsmid has resigned effective Jan. 15 from his post as a Senior Vice President of the Company and President of WestPoint Stevens Stores Inc. to pursue other interests. Director – Stores Al Markham has been designated to head Stores operations on an interim basis until a successor is named.
Mr. Velsmid has been President of WestPoint Stevens Stores since 1992, when he joined the Company, and was elected by the WestPoint Stevens Board of Directors as Senior Vice President of the Company in June 2000
WestPoint Stevens Inc. is the nation's premier home fashions consumer products marketing company, with a wide range of bed linens, towels, blankets, comforters and accessories marketed under the well-known brand names GRAND PATRICIAN, PATRICIAN, MARTEX, ATELIER MARTEX, BABY MARTEX, UTICA, STEVENS, LADY PEPPERELL, VELLUX and CHATHAM – all registered trademarks owned by WestPoint Stevens Inc. and its subsidiaries – and under licensed brands including RALPH LAUREN HOME, DISNEY HOME, SANDERSON, DESIGNERS GUILD, GLYNDA TURLEY and SIMMONS BEAUTYREST. WestPoint Stevens is also a manufacturer of the MARTHA STEWART and JOE BOXER bed and bath lines.