THE MIL
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J^oiT^xiv
Spray, N. C., December 6, 1965
Moore Is Named Exec. Vice President
J5
Of Fieldcrest Division Appointed To New Post; F. W. Green
« H. A. Brown, Jr., Receive Promotions In Marketing Division
G. William Moore, president of the Fieldcrest marketing division,
Pi^PPointed executive vice president of the parent organization,
^ eidcrest Mills, Inc., effective January 1, 1966, as announced Dec. 2
Wli W. Whitcomb, president of Fieldcrest Mills, Inc. Mr. Moore
Aiicv-vyAiiM, pi CJOiLLdll/ U1 X IdUlUlCibb iVJLlIlbj lllC. 1VJ.J7.
continue to serve as president of the marketing division.
^ive Divisional Vice
^lesidents Appointed
--.crest, the marketing division of
Wdcrest Mills, Inc., has announced the
^Ppo:
ihtment of five divisional vice pres-
effective January 1, 1966. G. Wil-
di,'? ^oore, president of the marketing
yiVlc-
and executive vice president of
ifi Parent company, made the follov/-
“ Promotions:
Pavid M. Tracy, Eastern regional
OfJ’ager and member of the Fieldcrest
''isi
'hization since 1948, becomes a di-
lonal
vice president and assistant
fdes
®ral sales manager. Mr. Tracy re-
'^Sfse family in Westfield, New
''^®rnes H. Byler, manager of the Field -
tiedspread department, becomes a
i(j|,*®^arial vice president for that area,
hgj ®yler joined Fieldcrest in 1950 and
taJr.®® in Darien, Connecticut, with his
■nUy,
Simultaneously the Fieldcrest market
ing division announced the promotion of
Frank W. Green to executive vice presi
dent and of Hugh A. Brown, Jr. to vice
president and merchandise manager.
Mr. Moore, who will move from Field
crest New York sales headquarters to
Fieldcrest Mills main offices in Spray,
joined the marketing division as sales
man in 1946 after completing four years
of military service with the U. S. Marine
Air Corps. In 1951 he was appointed
manager of Fieldcrest Chicago Sales Of
fice and later in the same year he be
came manager of the blanket division.
In 1957 he was named vice president
in charge of merchandising and in 1963
he was elected president of the Field
crest marketing division. Mr. Moore pre
sently resides in Rumson, New Jersey,
with his wife, the former Gloria Rick,
and their two children.
Frank W. Green, who becomes Field
crest marketing division executive vice
president, joined the sales staff of the
organization in 1952 and was appointed
manager of the automatic blanket divis
ion in 1957. In 1964 he was named
G. WILLIAM MOORE
Fieldcrest marketing division vice presi
dent and merchandise manager. With his
wife and two children, Mr. Green re
sides in Manhattan.
Hugh A. Brown, who assumed Mr.
Green’s former post, joined the company
as manager of the towel division in 1954,
prior to which he was a member of the
sales staff of Mooresville Mills, Inc.
With his wife and two children, he re
sides in Glen Cove, L. I.
0.
•ne 9' (Reddy) Grubbs, manager of
tijj^J^ivision’s blanket department, is
L.. “fea. He and his family reside in
a divisional vice president for
Company Listed On NY Stock Exchange
Fieldcrest Mills, Inc., one of the na- 1954 tn Si2.>inononn iqr/i
’>th
Connecticut, and he has been
Rieldcrest since 1951.
Moulton, who joined Field-
Itij] 'P 1925 when it was the Fieldcrest
0^ Marshall Field & Com-
Is appointed a divisional vice
*^t of Fieldcrest’s sheet depart-
1)1^ ■ Mr. Moulton has been serving as
tjth of that department. He and his
3re residents of Larchmont, New
J,
Robertson, manager of the
^department, becomes a divisional
V >,^'^®sident for this area. He joined
Hoij^_^®ldcrest organization in 1958. Mr.
and his family reside in Sum-
’ ^cw Jersey.
Fieldcrest Mills, Inc., one of the na
tion’s largest manufacturers of textile
products, was listed on the New York
Stock Exchange Wednesday, December
1. The assigned ticker symbol is FDD.
Harold W. Whitcomb, Fieldcrest Mills’
president, purchased the first 100 shares
of the company’s stock in an Exchange
listing ceremony. Listed were 3,520,216
shares of capital stock currently out
standing, including treasury shares. The
stock was formerly traded over the
counter.
The company, which is headquartered
in Spray, with offices in New York and
11 other cities throughout the United
States, was organized in 1953, since
which time its sales have increased ap
proximately 350%, from $39,000,000 in
1954 to $135,000,000 in 1964.
Net earnings have shown an even
greater increase, growing from $145,000
in 1954 to $6,671,000 in 1964. Sales and
earnings for the first nine months of
1965 each increased 24% over the same
period of the previous year.
Quarterly cash dividends on Fieldcre.'-'t
Mills capital stock have been paid with
out interruption since the companv’.s
stock was first offered to the public in
1962, with this year’s dividends reaching
a record high of $1.20 per share.
Organized 12 years ago to acquire the
Fieldcrest Mills Division of Marshall
Field & Company, Fieldcrest Mills man
ufactures a broad range of household
textile products, including blankets
(Continued on page five)