David Perdue to Become Pillowtex Chairman and CEO

Jun 12, 2002, 01:00 ET from Pillowtex Corporation

    KANNAPOLIS, N.C., June 12 /PRNewswire-FirstCall/ - Pillowtex Corporation
 (OTC Bulletin Board:   PTEXQ) today announced that David Perdue, currently
 executive vice president of Reebok International Inc. and president and CEO of
 Reebok Brand, will be appointed its new chairman and chief executive officer.
 Perdue officially joins employees at Pillowtex's Kannapolis, N.C.,
 headquarters on July 1.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20020612/CHW025 )
     "David has demonstrated outstanding leadership, marketing and branding
 skills throughout his 30-year career," said Ralph LaRovere, interim chairman
 of the Pillowtex board of directors.  "We conducted an extensive search to
 find a leader with the appropriate mix of experience, operational expertise
 and vision.  David has the multifunctional skills, the commitment and the
 results-oriented style we are looking for to lead our Company."
     Perdue first joined Reebok International in 1998 as senior vice president
 of global operations and played an integral part in Reebok's turnaround.  He
 quickly moved through the corporate ranks and was part of a small team
 credited with the Reebok brand turnaround.  He was not only integrally
 involved in Reebok's marketing, but in all aspects of the brand, including
 product development, sales, manufacturing, sourcing, supply chain, and
     "A significant component of Pillowtex's business strategy involves
 building brands and global relationships," continued LaRovere.  "David's
 insight and expertise in this arena will prove invaluable."  Prior to Reebok,
 Perdue was senior vice president of global operations for Haggar, a classic
 apparel company, and before joining Haggar he was managing director and senior
 vice president of Asian operations for Sara Lee.  At both Haggar and Sara Lee,
 Perdue was involved in creating supply chain innovations and streamlining
     Perdue began his career with a 12-year stint at Kurt Salmon Associates, an
 international management consulting firm specializing in retail and consumer
     "Joining Pillowtex is a tremendous opportunity and an exciting challenge,"
 said Perdue.  "The Company has premier brands and a heritage of quality and
 industry leadership.  I see great potential for its growth and success going
 forward."  Perdue added that his primary goal is to "establish the Company as
 the textile industry's foremost provider of branded, high-quality products."
     Pillowtex Corporation successfully emerged from Chapter 11 bankruptcy in
 May 2002.  The Company's 18-month reorganization process resulted in a more
 solid financial position and a clear strategy for the future.  "We see many
 parallels between David's experience in the apparel industry and challenges in
 the textile industry, specifically with Pillowtex," said LaRovere.  "He has
 proven his ability to motivate and instill teamwork among his employees and
 clearly understands the dynamics of a variety of industries."
     As stated in the Company's Plan of Reorganization, which was confirmed by
 the U.S. Bankruptcy Court for the District of Delaware on May 1, Perdue will
 replace LaRovere as chairman of the board.  Included among the management team
 reporting to Perdue will be Tony Williams, president and chief operating
 officer.  "I'm most impressed with the deliberate and methodical approach
 executed by the Company's management team throughout its bankruptcy
 reorganization," said Perdue.  "The positive course set by this group for the
 future provides an excellent foundation from which to build."
     Russell Reynolds Associates, a global executive search and management
 assessment firm, conducted the nationwide search for a chief executive officer
 on behalf of Pillowtex.
     Additional Background on David Perdue
     Perdue earned a B.S. degree in Industrial Engineering and an M.S. degree
 in Operations Research from Georgia Institute of Technology, Atlanta, Ga.  He
 is a member of the Georgia Tech Advisory Board and a member of the Georgia
 Tech Academy of Distinguished Alumni.  Perdue is also a director of Alliant
 Energy Corporation, an energy-service provider headquartered in Madison, Wis.
     About Pillowtex
     Pillowtex Corporation, with corporate offices in Kannapolis, N.C., is one
 of America's leading producers and marketers of household textiles including
 towels, sheets, rugs, blankets, pillows, mattress pads, feather beds,
 comforters and decorative bedroom and bath accessories.  The Company's brands
 include Cannon, Fieldcrest, Royal Velvet, Charisma and private labels.
 Pillowtex currently employs approximately 8,300 people in its network of
 manufacturing and distribution facilities in the United States and Canada.
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SOURCE Pillowtex Corporation