CRI Holds Annual Membership Meeting, Elects 2020 BOD
Dalton, GA, November 13, 2019-The Carpet and Rug Institute (CRI) held its annual membership meeting where it covered budgets for both 2019 and 2020, reviewed the 2018 audit report and voted in the 2020 board of directors and board officers as well as the 2020 policy committee.
David Repp of Mohawk Industries, CRI treasurer, presented the budget report. For 2019, the budget totaled $5.9 million. The budget for 2020 has increased to $6.2 million. According to Repp, the $300,000 increase is mainly driven by an anticipated increase in fees and testing expenses associated with indoor air quality/seal of approval program. This is due to the requirement for expanded testing every other year. The Voluntary Product Stewardship (VPS) program was approved for $3.0 million (VPS was funded at $4 million, using $1 million excess from 2019). The Net Loss came in at $251,249.
The 2018 Audit Report was issued August 2019 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; Tom Pendley, Mannington Commercial; Jim McCallum, Milliken & Co.; Jeffrey Lorberbaum, Mohawk Industries; Mark Clayton, Phenix Mills; Vance Bell, Shaw Industries; Len Ferro, Tarkett; Associate Manufacturer Seats-Franco Rossi, Aquafil USA; Marc Ammen, Universal Fibers; and Chip Howalt, Textile Rubber & Chemical Company.
The 2020 board officers will be headed up by Vance Bell, Shaw Industries, who was voted in as chairman. Tom Pendley, Mannington Commercial, will serve as vice chairman; David Repp, Mohawk Industries, will continue as treasurer; and Joe Yarbrough remains CRI president.
The 2020 Policy Committee is as follows: Dan Frierson, The Dixie Group; Robert E. Shaw, Engineered Floors; Tom Pendley, Mannington Commercial; Jim McCallum, Milliken & Co.; Jeffrey Lorberbaum, Mohawk Industries; Vance Bell, Shaw Industries; and Chip Howalt, Textile Rubber & Chemical Company.
Pic, L to R: Joe Yarbrough, Jack Ganley, Philip Ivey