NEW YORK — In restructuring its ailing knitted fabrics division, Burlington Industries Wednesday named Charles E. (Chuck) Cole president of the division and Roger E. Miller its executive vice president of manufacturing.
Burlington also said it will take a pretax restructuring charge, estimated at $7 million to $9 million, in the fourth quarter ending Oct. 1. Officials wouldn’t specify what the charge will cover.
Cole succeeds Jon Weingarten, while Miller succeeds Dick Murray. Both Weingarten and Murray have left the firm. Neither could be reached for comment.
Gary Welchman, Burlington executive vice president, said in a statement, “We are convinced that the knitted fabrics division under new leadership can and will return to profitablity.”
Cole, with Burlington since 1968, has been vice president, apparel products, for the Klopman division since 1986. Miller also joined Burlington in 1968 and since 1991 has been vice president, manufacturing of Burlington’s Madison Yarn division.