18279 Mon, 03/01/2010 - 12:57pm
WOODRIDGE, Ill.–Chairman and interim chief executive officer Jerry Levin has been made permanent CEO of Wilton Brands, the company announced.
Levin has been the chairman of Wilton since August, the month after the company’s largest creditors, TowerBrook Capital Partners L.P. and Deutsche Bank Trust Company Americas, filed an involuntary Chapter 11 petition against Wilton Holdings. The company completed its recapitalization in October and the creditors withdrew their petition. Then-CEO Richard Conti resigned soon afterwards, and Levin began serving in the interim.
“Since serving as chairman and interim chief executive officer I have been impressed with Wilton, and its great products, brands, and people,” Levin said. “I am enthusiastic about the opportunities that exist at Wilton. I am looking forward to working with the board and the company’s employees to continue Wilton’s successes.”