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Published on 12/21/2005 in the Prospect News Distressed Debt Daily.

Collins & Aikman appoints three financial executives

By Caroline Salls

Pittsburgh, Dec. 21 - Collins & Aikman Corp. appointed Tim Trenary vice president and treasurer, Matti Masanovich vice president, internal audit, and Pete Speers vice president, financial planning and analysis, according to a company news release.

Trenary joins Collins & Aikman from Federal-Mogul, where he most recently was finance director for South America and director, financial services and processes. Before that, he was the director, reorganization finance & administration.

He holds a Bachelor degree in accounting from Michigan State University and a Master of Business Administration from University of Detroit.

Masanovich's previous automotive experience includes positions as director, audit services for Federal-Mogul Corp. He holds a Bachelor degree in finance & accounting and a Master of Business Administration in finance & international business from the University of Windsor.

Masanovich worked previously with PricewaterhouseCoopers LLP in Detroit and Coopers & Lybrand in Toronto.

Speers joins the company from Diversified Property Solutions, where he was director, fixed asset, and Sarbanes Oxley Consulting Practice.

His previous automotive experience includes a role as a group controller and pricing and product development manager for Visteon Corp. Before that, he worked for Ford Motor Co.

He holds a Bachelor degree in engineering from Michigan Technological University and a Master of Business Administration in finance from The University of Chicago.

Collins & Aikman, a Troy, Mich.-based automotive company, filed for Chapter 11 on May 17, 2005 in the U.S. Bankruptcy Court for the Eastern District of Michigan. The case number is 05-55927.


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