Bentley Prince Street announced that Anthony Minite will step down as chief executive office (CEO), effective immediately, after 21 years of service with the company. Upon receiving his resignation, the company's Board of Directors appointed Board member and industry veteran Mac Bridger to assume the role of interim CEO while the company completes a thorough search for a permanent replacement.
"For the past two decades, Anthony Minite has helped build Bentley Prince Street into an iconic brand in the carpet industry - of that is widely recognized for its design excellence, innovative manufacturing capabilities and industry leading sustainability practices," said Gary Binning, Managing Partner of Dominus Captial, the controlling shareholders of Bentley Prince Street. "We thank Anthony for his service and contributions to the company and wish him well in his future endeavors."
Company officials stated that the search for a new CEO is expected to be brief given the number of highly qualified candidates available in the inudstry and the attractiveness of the opportunity to lead Bently Prince Street brand going forward. In the coming days, Bridger will hold meetings with employees, customers and strategic partners to discuss the transition and plans for the company going forward.
Bridger's expereince includes nearly 30 years of leadership and work in the carpet industry. From 1993 to 2006, Bridger served as the CEO and president of Collins & Aikman Floorcoverings (later rebranded as Tandus Group, Inc.), which was another investment made in the carpet industry by the partners of Dominus Capital in 1997. Under his leadership, the company experienced signifant growth between 1997 and 2007.
Binning continued, "We are fortunate to have someone as qualified as Mac to serve as interm-CEO. His extensive knowledge of the carpet industry and strong understanding of the company is an asset and makes him a perfect fit for leading the company as we make this trasition."