Grosfeld to exit SureFit

-- Home Textiles Today, 12/17/2004 12:51:00 PM

NEW YORK — Salo Grosfeld is stepping down from his post as CEO of Sure Fit next month, but will continue to operate his own business, J.R. United, based in Miami .

Grosfeld took the helm at Manhattan-based Sure Fit in mid-August when the company was acquired out of bankruptcy by New York-based investment firm D.E. Shaw. Shaw does not hold any stake in Grosfeld’s business, nor does Grosfeld holds any stake Sure Fit or D.E.Shaw.

Grosfeld will remain at Sure Fit through the end of January.

Grosfeld, the father of six children, told HTT he made his decision to step down as CEO of Sure Fit during a family trip to Disney World in Florida late last month.

"They didn't want to leave Disney because they said if I went back to work I wouldn’t see them again," Grosfeld said. "I figured it's a lot easier for Sure Fit to get a new CEO than for my kids to get a new dad."

Grosfeld said he spent at least three days each week in New York at Sure Fit's offices and the rest of his time in Miami at J.R. United's headquarters.

Sure Fit has no immediate plans to fill the CEO position, according to Jean Smith, chief operating officer.

“The view right now is that there are a lot of talented people here,” Smith said. “We are well into the turn-around.”