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Capel Rugs Appoints John A. Magee as President and CEO

Furniture World Magazine

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Capel Rugs announced that John A. Magee has been appointed President and Chief Executive Officer of Capel, Inc., Capelsie Mills, Inc., and Capel Real Estate & Development, Inc.

"I am pleased to be joining Capel and I look forward to working with the board and management to build upon Capel's proud tradition of quality, integrity and customer service," said Magee in a statement to employees.

Magee was a partner with management consulting firm Anderson Bauman Tourtellot Vos & Co., which was engaged earlier this year to conduct a review of the companies' strategy and operations. He has over 25 years of experience advising clients on business and organizational strategy, capital structure, corporate governance and profit improvement.

Originally from Baltimore, Maryland, Magee received his MBA from Darden School of Business Administration at the University of Virginia and his BA in History from Washington & Lee University.

Magee and his wife Frances have three children and currently reside in Charlotte, North Carolina.

About Capel Rugs: Capel Rugs is America's oldest and largest privately owned rug manufacturer and importer, founded in 1917 by A. Leon Capel. The company has thrived under the direction of the Capel family for three generations in Troy, NC, where the company still does the spinning, dyeing, weaving, braiding and sewing for Capel's "American Original" braided rugs.

From original braids and the finest hand-knotted rugs to innovative indoor-outdoor and youth-friendly collections, Capel offers more rugs in more categories than any other rug company. The company's complete product line includes one-of-a-kind, Capel proprietary, private label and licensed designer rugs.

Capel rugs are sold through independent retailers, catalogs and designer showrooms in High Point, Atlanta, Las Vegas, and San Francisco, as well as through company-owned Capel retail outlets in Troy, Raleigh, Charlotte, Blowing Rock, Greenville, NC, Greenville, SC, Richmond, Memphis, Indianapolis and Dallas.

For more information about Capel, Inc., visit www.capelrugs.com.  To see a short brochure on Capel's new showroom open year round in Las Vegas Click Here.