Les Miller is to be promoted as the CEO of American & Efird (A&E), while the current CEO, Fred Jackson is to retire and would be elevated as non-executive chairman of A&E's Board of Directors. A&E made the announcement recently and both would step into their new roles from September 28, 2015.
Since almost two decades, Fred Jackson has acted as the CEO of A&E and achieved tremendous growth. A&E turned into a global supplier of premium thread under Jackson’s vision and leadership, achieving record revenues, and strengthening the company's culture of continuous improvement and focus on safety and sustainability. Besides, three transformative acquisitions reached completion successfully in China, Bangladesh, and Sri Lanka. Also, Gütermann, which is the fourth largest company in the global thread industry, was an extremely accretive acquisition under Jackson’s leadership. A&E thus, was able to expand its footprint, diversify its end-markets, and enhance its ability to serve customers globally.
Since February 2008, Les Miller has served as Chief Operating Officer and led A&E Global Sales as Senior Vice President. A&E believes that Miller embodies the company’s core values and possesses the skills and experience to successfully lead the company into the future.