Unifi, Inc. announced that the Company's General Counsel and Corporate Secretary Greg Sigmon has been named an Executive Officer of Unifi by the Board of Directors, effective July 4, 2022. Additionally, the Company will transition leadership of UdB, its subsidiary in Brazil. Mauro Fernandes, Director of Sales for UdB, will be appointed as President of UdB and take over full responsibilities from Lucas de Carvalho Rocha, UdB's current President, effective as of Mr. Rocha's retirement on July 31, 2022.
The company also announced the retirement of Jim Kilts as a non-executive member of its Board of Directors, effective July 3, 2022. Accordingly, Unifi has reduced its Board's size to eight members.
Unifi, Inc. is a multinational company. The Company manufactures and sells recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets. It operates through three segments: Americas, Asia, and Brazil. The Americas and Asia segments primarily sell recycled and synthetic products to yarn manufacturers, knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets principally in North and Central America, Asia and Europe. The Brazil Segment sells recycled and synthetic products to knitters and weavers that produce fabric for the apparel, home furnishings, automotive, industrial, and other end-use markets principally in Brazil. It offers polyester and nylon products, and recycled solutions.