Jones Family of Companies has named Charles Davis chief executive officer and a member of its board of directors, replacing Richard Ayers, who retires Dec. 31.
Davis brings more than 30 years of business-building experience to his new role across a range of family owned and operated textile companies, according to a news release.
Most recently, he was managing director for the business consulting firm Cardinal Advisory. Previously, he was CEO of specialty textile supplier Outdura, formerly Shuford Mills, where he oversaw a major restructuring of the 130-year-old company. Earlier in his career, he held executive sales management posts with several major food brands.
“Charles embraces our company values,” said Ralph Jones, executive chair of Jones. “He immediately brings a strong working knowledge of our industry, a proven track record of strategy and execution, and a great passion for the long-term success of Jones. We know Jones will be well-suited for future growth with Charles as CEO.”
Commenting on his role as CEO, Davis said: “I am truly honored to be named as Jones’s CEO. Jones has a long history of success working closely with its customers and developing innovative products. I look forward to carrying on and expanding this tradition.”
Ayers is stepping down after more than three decades with Jones Cos. during which time he played a number of instrumental roles. Prior to becoming CEO, he was managing director and chief financial officer of Jones Fiber Products Inc. Previously, he served as CFO of Jones Companies Ltd., an affiliate of Jones Fiber. As a CPA, his earliest posts with the company were comptroller and then vice president of finance and administration.
Ayers also served on the International Sleep Products Association’s Board of Trustees, as well as its Executive and Finance committees. In addition, he is a past president of the National Cotton Batting Institute and previously served two terms as its vice president.
“The Jones Family of Companies will be forever grateful to Richard for his more than 30 years of service and his many contributions to our continuing success,” Ralph Jones said. “His insight, skills and leadership were integral to our expansion into new product lines and categories. We will miss him and wish him the very best on his retirement.”