CRI Holds Annual Membership Meeting, Elects 2019 BOD
Dalton, GA, November 14, 2018-The Carpet and Rug Institute (CRI) held its annual membership meeting where it covered budgets for both 2018 and 2019, reviewed the 2017 audit report and voted in the 2019 board of directors and board officers as well as the 2019 policy committee.
David Repp of Mohawk Industries, CRI treasurer, presented the budget report. For 2018, the budget totaled $5.0 million. The budget for 2019 has increased to $5.9 million. According to Repp, the $900,000 increase is mainly driven by an anticipated increase in legal fees ($825,000 associated with the Strategic Issues Leadership Council (SILC) and $100,000 with the Administrative section of the budget). Additionally, the 2019 budget was approved with $8.7 million in anticipated revenues. The Voluntary Product Stewardship (VPS) program was approved for $3.0 million (VPS was funded at $4 million, using $1 million excess from 2018). The Net Loss came in at $200,000.
The 2017 Audit Report was issued July 2018 by Nichols, Cauley & Associates, LLC. CRI’s financial status is “sound.”
CRI voted in the new board of director members as follows: Manufacturer Seats-Richard French, Bentley Mills; Dan Frierson, The Dixie Group; Robert E. Shaw, Engineered Floors; Jack Ganley, Mannington Commercial; Jim McCallum, Milliken & Co.; Jeffrey Lorberbaum, Mohawk Industries; Mark Clayton, Phenix Mills; Vance Bell, Shaw Industries; Len Ferro, Tandus/Centiva; Associate Manufacturer Seats-Franco Rossi, Aquafil USA; Marc Ammen, Universal Fibers; and Chip Howalt, Textile Rubber & Chemical Company.
The 2019 Policy Committee is as follows: Franco Rossi, Aquafil USA; Dan Frierson, The Dixie Group; Robert E. Shaw, Engineered Floors; Jack Ganley, Mannington Commercial; Jim McCallum, Milliken & Co.; Jeffrey Lorberbaum, Mohawk Industries; and Vance Bell, Shaw Industries.