Tietex International Ltd. has announced that Reed Cunningham will retire Dec. 31 and has stepped down as president and chief operating officer of the Spartanburg, S.C.-based textile supplier. On July 1, Robert (Wade) Wallace was promoted to succeed him. Previously, Wallace held the title corporate vice president of sales and marketing.
“Reed Cunningham’s wisdom and professionalism as a senior executive was instrumental in Tietex’s growth and success since he joined our company 20 years ago,” said Martin Wildeman, chairman and chief executive officer. “We are grateful to him for his dedicated, tireless leadership and further for his decision to stay on for special projects and help execute a smooth transition for the remainder of the year.”
Cunningham will continue to serve on the privately held company’s board of advisors after he retires.
Wallace was promoted several times since joining Tietex in 2000 as a process improvement engineer.
“Wade’s performance in various roles has prepared him for this new challenge. We believe his expertise, energy and personal dedication will help propel us at a time when we are experiencing exciting new product development and the opening of new markets,” Wildeman said.