Gilmartin Retires from Covington
By Carole Sloan -- Home Textiles Today, 1/26/2009 12:00:00 AM
New York —
Roger J. Gilmartin, president and ceo of Covington Fabric & Design, has retired.
Gilmartin, whose association with Covington began in 1990 as a vendor, will remain as a consultant to the company, said Mark S. Kahan, who succeeds Gilmartin as president and ceo. The Kahan family acquired the assets of Covington Holdings in March 2008. In 2006, Covington Holdings acquired Covington Industries from the Gilmore family; at that time Gilmartin served as coo.
Said Gilmartin, "I'm 65 this year and it's time to devote more time to my wife and our activities. I leave behind a great team, committed ownership, some wonderful customers and vendors, and many very happy memories of this exciting period of my career. It's now time for a little less excitement."
"We have a very strong plan for '09 going forward with many thanks to Roger, whose retirement came as a bit of a surprise," Kahan remarked. "The new line introduced at Showtime was the most extensive in years and we had a great Showtime. Roger basically executed our plan and our inventories are full."
Kahan added, "Roger is a legendary force in our business and has played a key role in building, maintaining and then restoring the Covington brand to preeminence. Not only has the business been revitalized and recapitalized under his leadership — Roger has overseen the introduction of the well-received new line Covington recently introduced into the marketplace."
He continued, "On behalf of the entire Kahan and Covington families, we wish him and Lynn a wonderful retirement and look forward to many years of association."
Kahan, whose previous company role had been chairman, "will be on the road a great deal as well as in New York." The company, he explained, "has a very collegial management team," including Tom Bruno, vp of sales; Marion Murray, vp creative services and design; and John Severson, cfo. Steve Marrandino, formerly vp of sales, contract and specialty products, has left the firm and "we will work out dividing his responsibilities."
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