The LYCRA Co. appoints co-CEOS

Posted April 6, 2021

 

WILMINGTON, Del. – The LYCRA Company, a global leader in developing innovative solutions for the textile, apparel, and personal care industries, announced the appointment of Yafu Qiu, chairman of The LYCRA Company, and Julien Born, chief commercial officer of The LYCRA Company, as co-chief executive officers, effective April 1, following the retirement of David Trerotola.

 

The co-CEO structure is intended to better implement The LYCRA Company’s new strategic development plan for the next five years and will bring greater operational focus and tap into each leader’s experience and skills in the areas most beneficial to the company to solidify its industry-leading position and drive its long-term success.

 

Trerotola served as the company’s chief executive officer since 2019, following the Ruyi Group’s acquisition of the business. He retires after 20 years of dedicated service to The LYCRA Company and its predecessor companies. He began his career in 1994 with DuPont.

 

“I want to thank Dave for his many contributions to The LYCRA Company,” said Yafu Qiu, chairman of The LYCRA Company, the company’s controlling shareholder. “Dave’s passion for the business was evident to me from the beginning, and I wish him all the best in this next phase of his journey with his wife and family. At my request, Dave will support a smooth transition of leadership and will be working with me and Julien over the next 60 days.”

 

Born, currently the company’s chief commercial officer, will serve as co-CEO and lead the overall operations of the company and implement its ambitious growth vision. He joined the business in 2007 and, since 2018, led the company’s apparel business, where he managed the global commercial organization, helped strengthen R&D and innovation capabilities and oversaw manufacturing assets.

 

Born has also spent significant time in Asia, where he led that region over an eight-year period, with assignments in Shanghai and Hong Kong. He has had a diverse 24-year career spent in the U.S., Europe and Asia, as both an executive in large multinational companies and as a business owner of a full-service corporate licensing agency. A native of Switzerland, Born holds a bachelor’s degree from Arizona State University’s W.P. Carey School of Business and a Swiss baccalaureate degree.

 

“The board has appointed Julien as The LYCRA Company’s next CEO,” said Qiu. “I am confident that Julien understands the opportunities and challenges facing the business and we are fully committed to supporting him and the entire leadership team on the new developments and performance growth of The LYCRA Company to help The LYCRA Company realize its full potential in 2021 and beyond.”

 

“I am excited for the opportunity to lead a tremendous team of colleagues at The LYCRA Company who are focused every day on creating value in the industries we serve via our unique brand portfolio, high-quality products, unparalleled innovation capabilities, and our global network of partners,” said Born. “I look forward to a close partnership with Chairman Qiu and the Ruyi Group to further develop our manufacturing capacity and accelerate the growth of our business, especially in China.”

 

Qiu, in addition to continuing as chairman of The LYCRA Company, will focus his co-CEO role on the company’s relationships with key stakeholders, board governance matters, strategic planning and capital structure adjustments, including the strategy and timing of an initial public offering.

 

“The LYCRA Company is faced with many new challenges in a fast-developing world,” Qiu said. “We are taking this opportunity to appoint Mr. Born and other new management team members to work on a new strategy to further build our brand franchises, expand manufacturing capacity, develop more impactful innovations with our global value-chain partners, lead the industry in sustainability, and accelerate our digital transformation. I am confident that the new management team will be able to further strengthen the leadership role of The LYCRA Company in the apparel and personal care industries.”

 

Source: The LYCRA Company

  • LinkedIn
  • Wix Facebook page
  • Instagram
  • Wix Twitter page
ATMA_Techtextil 2021 ad_website_011121-O
Lang_Ligon_eTC_inside_pages_ad_2021-comp
AB_Carter_AD_2019_New_Logo_032419-Optimi
Murata_eTC_Ad_111619_FINAL.gif
Frankl-Thomas-sidebar-ad-080117_256_opti
PAF Sales-BTSR eTC Website ad_093020-Opt
Mezger-sidebar-ad-230X124-062816-Draft2_
Zimmer_ad_inside_920X496.jpg
Banner_WeavingTechnical_ETC_230x124.gif
Navis-TubeTex-Web-Inside-Page-090518_opt
SSM_eTextileCommunication_February-Web-B
STA_ad_011520-optimized_compressed.gif
ETC_banner_4_REAL_MoreRES_compressed.jpg
  • Twitter Clean

Follow us on Twitter

​Follow us on facebook

© 2021 by eTextileCommunications.com