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Capel, Incorporated Promotes Bruce Hric to President and CEO

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Capel's Board of Directors announced that Bruce Hric, interim President and CEO, has been promoted to the permanent position of President and CEO of Capel, Inc. Jesse Capel, director and owner, explained the company's preference to promote from within, paired with Hric's innate ability to unite all levels of management, made Hric a clear choice for the position. "We are pleased to reward Bruce for his 9 years of service with Capel by giving him the full responsibilities of this role," said Capel. "He has served exceptionally well as acting President and CEO for the last year. The future of Capel is in good hands with this promotion." Hric will officially begin serving with the new title on December 1, after having served as interim President and CEO for the last 14 months. During this time, Hric focused on product development, strengthening key industry relationships and reinvigorating Capel's braided rug manufacturing efforts. "I am honored Capel's owners and board of directors have asked me to accept this role," said Hric. "This is an exciting time for Capel, Inc. I am looking forward to taking on the challenges of today's industry and building on Capel's ninety years of stellar performance." Prior to his tenure with Capel, Hric served as a Vice President of Koury Corporation for 13 years, VP of Finance and Administration for Interline Furniture for 2 years, and had worked with Flynt Fabrics for 8 years. Hric holds a BS in Business and a MBA from Virginia Tech. He resides in Troy with his wife, Lorraine.

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