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Wade Wallace to succeed Reed Cunningham as Tietex president

SPARTANBURG, S.C. — Fabric supplier Tietex announced today that Reed Cunningham will step down as president and chief operating officer on July 1 and will retire from the company Dec. 31.

Wade Wallace, currently executive vice president, has been promoted to succeed Cunningham as president and COO, according to Martin Wildeman, the company's chairman and CEO.

"Reed Cunningham's wisdom and professionalism as a senior executive was instrumental in Tietex's growth and success since he joined our company 20 years ago," Wildeman said. "We are grateful to him for his dedicated, tireless leadership, and further for his decision to stay on for special projects and help execute a smooth transition for the remainder of the year."

He said Cunningham will continue to serve on the Tietex advisory board of directors after his retirement.

Wallace joined Tietex in 2000 as a process improvement engineer and was promoted several times, successfully working to revitalize Tietex's sales, the company said.

"Wade's performance in various roles has prepared him for this new challenge. We believe his expertise, energy and personal dedication will help propel us at a time when we are experiencing exciting new product development and the opening of new markets," Wildeman said.

Tietex supplies stitchbonded, nonwoven fabrics to a number of industries, including mattress production. The privately owned company has two factories and more than 500 employees in North America, Asia and Europe.

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