The Lycra Company, a global leader in fiber and technology solutions for the apparel and personal care industries, has named Gary Smith as its new Chief Executive Officer, effective November 27. This strategic leadership transition follows the successful tenure of Dean Williams, who will continue to serve as Chief Financial Officer.
With a robust background encompassing over 25 years in the consumer products industry, Gary Smith brings a wealth of experience to Lycra. His impressive track record includes a successful stint as CEO at Hatteras Yachts, where he orchestrated a notable turnaround and subsequent sale. Prior to this, he held the position of CEO at Polartec and served as President of the Outdoor Group at The Timberland Company.
Expressing enthusiasm for his new role, Smith stated, “I am excited to join The Lycra Company with its portfolio of world-class brands, pre-eminent market position, and history of innovation. I look forward to leading this incredible organization and working collaboratively to build upon its foundational success.»
The Lycra Company’s brand portfolio includes Lycra, LycraHyFit, T400, CoolMax, Thermolite, Elaspan, Supplex, and Tactel. This strategic move underlines the company’s commitment to maintaining a strong market position through innovation and growth.
Craig Rogerson, Executive Chairman of The Lycra Company, expressed confidence in Smith’s ability to lead and accelerate the company’s long-term growth plans. This announcement reinforces Lycra’s dedication to remaining at the forefront of technological advancements in the global apparel and personal care sectors.
