Service Thread, Advanced Manufacturer of Technical Engineering Threads and Industrial Sewing Threads, Appoints New Chief Executive Officer
LAURINBURG, North Carolina, January 9, 2020 /PRNewswire/ — Service Thread, an advanced manufacturer of engineered technical threads and industrial sewing threads, today announces that Sam M. Butler III named Jay Todd as the new CEO. Mr. Butler, his colleague and close acquaintance and former CEO of the company will continue to serve as chairman of the company’s board of directors.
As COO, CFO and COO, Jay led, managed and developed business strategy for Service Thread’s 130 employees. During his nearly 24-year tenure at Service Thread, the company grew from 32 employees and 30,000 square feet to 130 employees with two operating locations in County of Scotland totaling 225,000 square feet.
Sam Butler 3 says, “Jay is a proven senior executive and strong strategic thinker. He has done an outstanding job over the past few years building a strong management team, leading strategic advancements in information technology, and transforming our company into an innovative leader in technical textiles. industry”.
Jay is currently Chairman of the Lumber River Workforce Development Board (LRWDB) and was awarded Board Member of the Year in 2009, 2013 and 2019. He is also Chairman of the Flexible Intermediate Bulk Container Association (FIBCA), Chairman of the Laurinburg Chamber of Commerce in Scotland in 2019, and as Chairman of the City of Laurinburg Downtown Advisory Committee and Secretary of the Scotia Village Advisory Council. Jay is also a board member of the Cape Fear Boy Scouts Executive Council, the RCC Foundation Board and the Scotland Memorial Foundation.
Jay holds a Bachelor of Arts (BA) in Business Administration from St. Andrews University and a Master of Business Administration (MBA) from Elon University.
Service Thread, a technical textile yarn manufacturing company in Laurinburg, North Carolina started in 1949 by Sam M. Butler. Today, the company is recognized as one of the leading advanced manufacturers in North Carolina in workforce development, safety, community development and innovation. An ISO 9001:2015 registered company, Service Thread is a leading supplier to the thermoplastic pipe, flexible packaging, telecommunications wire, cable and industrial sewing industries.
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SOURCE service thread