TOWNE TO RESIGN: Forstmann & Co. Inc. said Monday William B. Towne resigned as executive vice president and chief financial officer.
Until a successor is named, Rod J. Peckham, vice president and treasurer, and Gary E. Schaefer, vice president and corporate controller, will share financial duties. Peckham will be responsible for treasury functions, and Schaefer will be responsible for accounting and internal control.
Towne could not be reached for comment, although Forstmann in a statement said he was leaving to accept a similar position with another firm.
Towne, 50, joined Forstmann in June 1990 as vice president and chief financial officer. In March 1991 he was named executive vice president.
KNIT TECHNIQUES SHUTTERS: Knit Techniques, which in February ended its six-year affiliation with Claredon Knitted Fabrics, has closed its doors.
As reported, New York-based Knit Techniques, which was the sales and styling arm of Claredon, a knitter in Passaic, N.J., had planned to go it alone. That plan was abandoned. Jay Rosen, who was president of Knit Techniques, said, “In light of everything that has transpired, it would be too difficult to resurrect the company.”
Rosen said the split with Claredon was due to “unresolvable business circumstances,” declining to cite specific reasons.
Rosen said his plans were indefinite, but added, “I want to stay in the knit business.”
Joanne Rosen, the firm’s stylist and Rosen’s wife, and Stuart Tucker, vice president, have joined Kronfli-Spundale, a Los Angeles knitter. Both will be based in New York.
Claredon and Knit Techniques, which started as a unit of Claredon, combined for 1994 sales of between $10 million and $15 million.
Claredon executives said the company was searching for a new sales and styling branch. They would not state the reason for the split.
ATMI’S SIX FOR SAFETY: The American Textile Manufacturers Institute has recognized six of its member companies in its annual “First in Safety” competition. The award, which began in 1981, is given to firms for “outstanding performance in employee safety and health.”
The winning companies had the lowest number of work days lost as a result of accidents or injuries in 1994.
This year’s winners are Wehadkee Yarn Mills, Talladega, Ala.; Wellington Sears Co., Valley, Ala.; Thomaston Mills Inc., Thomaston, Ga.; Cone Mills Corp., Greensboro, N.C.; Sunbury Textile Mills, Sunbury, Pa., and Hamrick Mills, Gaffney, S.C.
APPOINTMENT AT MARCUS: Marcus Bros. Textiles, New York, has named Stephanie Dell’Olio president of its home and sewing crafts division, effective March 31. She will succeed Ed Ippolito, who is retiring.
Dell’Olio was merchandise manager of home sewing, a post she assumed when she joined the firm in 1989. A successor to Dell’Olio has not been named.
CAPLAN ROASTED AT 70: His family, friends, competitors and customers weren’t about to let David Caplan’s 70th birthday come and go without something grand.
So, about 200 of them helped Metro Fabrics’ founder and chief executive officer celebrate Sunday at the Rainbow Room in New York. And what began as a luncheon quickly turned into a roast.
“Whatever I say about David Caplan is right, because I’m the customer, and the customer’s always right,” said Richard Moskowitz, owner of California Connections, a Los Angeles apparel manufacturer.
Moskowitz joked about Caplan’s alleged frugality, fashion sense and ill-fitting wardrobe.
Apparel manufacturer Irving Spitalnick, onetime head of Evan-Picone, where Caplan also worked, said he postponed a trip to Europe for two days to attend the gathering. Spitalnick spoke of Caplan’s love of tennis.
“I actually played him while he was wearing a cast on one leg,” Spitalnick said, “and while I’m ashamed to admit it, he still beat me.”
One of Caplan’s longtime friends, Bruce Roberts, executive director of the Textile Distributors Association, was emcee. Roberts sang of Caplan’s personal and business accomplishments in “These Are a Few of His Favorite Things.”
Before leaving on a business trip to South America, Carl Rosen, president of JPS Converter & Industrial Corp., said, with tongue firmly in cheek, “What I want to say about that guy is unprintable.”
Caplan concluded his own address by saying, “I’m going to do two things now I’ve never done in my life — shut up and sit down.”