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Posted July 13, 2016

 

HICKORY, N.C. – L. Snyder Garrison Jr. has been elected chairman of the board of directors of CV Industries, the corporate parent of Valdese Weavers and Shuford Development, a real estate holding company located in Hickory, N.C.

 

His election occurred at a company board meeting on June 21. Garrison succeeds Harley F. (Buck) Shuford, Jr., who is retiring as chairman, and is a former CEO of Century Furniture Company.

 

Garrison’s election as chairman comes in the first meeting of the board of directors since CV Industries announced on May 10 that it had completed the sale of the company by the Shuford family, which formerly held a majority interest since 1935. The CV Industries ESOP Trust purchased all of the outstanding shares on behalf of the nearly 1,000 employees of Valdese Weavers, creating a now 100 percent employee-owned ESOP company.

 

With his new role, Garrison will be retiring after 31 years of service to Valdese Weavers, for more than the past two decades as the company’s chief financial officer and chief administrative officer.

 

Also, the board filled two seats with the election of new directors, M. Bradley Blaylock, president of Thetford Financial Services of Richmond, Va., and Michael F. Shelton, president and chief executive officer of Valdese Weavers.

 

Source: Valdese Weavers

Valdese Weavers exec elected CV Industries chairman