Milliken CEO Ashley To Retire in May

Spartanburg, SC, January 29, 2008—Milliken & Co. CEO Ashley Allen will retire May 1 following his 65th birthday.

Allen has held the position since 2005. Prior to that, he was chief operating officer and president of Milliken’s chemical division.

Joe Salley will become the new CEO, stepping up from chief operating officer.

“Joe Salley inherits the big shoes of Ashley Allen who has provided tremendous leadership to this private manufacturing company,” said Chairman Roger Milliken.

“In elevating Joe to the CEO leadership role, we are happy to again be promoting from within which is testimony to Milliken’s commitment to recruit, educate, challenge, and promote the best possible talent.”

Salley, 40, is a graduate of the Citadel with a bachelor’s degree in Chemistry. He received his master’s degree and doctorate in chemical engineering from Stanford University. He joined Milliken in 1994.