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[November 2004]
Mohawk Industries Announces Retirement of CFO
Dal-Tile's parent company Mohawk Industries Inc (Calhoun, GA, USA) has announced the intention of John Swift, Vice President - Finance and Chief Financial Officer, to retire with effect from 31 December 2004. Frank Boykin, currently Vice President and Corporate Controller of Mohawk, has been working with Mr Swift to transition into the CFO position for some time. Mr Boykin has held the Corporate Controller position since 1993.
Mohawk's Chairman and CEO Jeffrey Lorberbaum said: "John has been an integral part of the Mohawk organization as we grew from a $270 million carpet manufacturer to a leading floorcovering manufacturer with 2003 sales in excess of $5.0 billion and an annual EPS growth rate of 26% since 1997.
"When John started with Mohawk in 1984, Mohawk was an unprofitable division of Mohasco Industries. Under his financial leadership, Mohawk was spun off as an independent company in 1988 and became a publicly traded company in 1992. During his tenure, Mohawk completed seventeen acquisitions growing to number 349 on the Fortune 500 list with a total enterprise value in excess of $6.0 billion. Throughout John's career with Mohawk, he has provided both leadership and financial expertise with a commitment to integrity. We all wish John well in his retirement and will miss him."
ENDS