PrimaLoft, Inc. Announces Chief Financial Officer Transition
March 21, 2023
Jason Kerley to be appointed after more than a decade of dedicated service
LATHAM, N.Y. (March 2023) /OUTDOOR SPORTSWIRE/ – PrimaLoft, Inc., the leader in advanced material technology and subsidiary of Compass Diversified (NYSE: CODI), today announced the appointment of Jason Kerley to the position of Chief Financial Officer. Currently serving as Vice President – Controller, Kerley will transition upon the retirement of current CFO, Tom Seaver.
“We are thrilled for Jason to advance into an executive role with the company,” said PrimaLoft president and CEO, Mike Joyce. “Jason has been with PrimaLoft since 2012, when he played an integral role in establishing the company’s financial organization and structure, following the management-led buyout from Albany International Corporation. Over the past decade, Jason has demonstrated that he deeply understands our history, company values, and our overall business. We look forward to his valuable partnership as a part of our executive leadership team.”
During his time with PrimaLoft, Kerley has been instrumental in the development of the company’s business systems, coordination of international finance reporting, and the company’s financial and tax audits. He also played a pivotal role in the company’s private equity transactions with Prudential Capital Partners, Victor Capital Partners and Compass Diversified, leading due diligence processes and accounting requirements.
“I’m excited for this next step in my tenure at PrimaLoft,” said Jason Kerley. “I’m grateful for the opportunity to continue to build upon our foundation of financial and operational excellence.”
Kerley is replacing Tom Seaver, who is retiring this year after more than a decade as PrimaLoft’s CFO.
“I would like to express our deep appreciation for the immense positive impact that Tom Seaver has had during his tenure at PrimaLoft,” said Joyce. “Tom led the establishment of the company’s entire financial organization, in 2012, and has been an invaluable steward of the business over his 11 years with the company. Both personally, and on behalf of the company, I would like to thank Tom for his central role in making PrimaLoft what it is, today.”
Over the next few months, Kerley and Seaver will continue to work closely to transfer duties and ensure a smooth transition.
About PrimaLoft PrimaLoft, Inc. is an advanced material technology company based in Latham, New York, with offices in Xiamen, China. PrimaLoft is the world leader in the research and innovative development of high-performance material solutions, specializing in insulations and fabrics. PrimaLoft® insulation was originally developed for the U.S. army as a water-resistant, synthetic alternative to down. Since 1983, a heritage of proven & tested technologies has built trust across the textile industry, with more than 900 global brands using PrimaLoft products in outdoor, fashion, home furnishings, work wear, hunting and military applications. With its Relentlessly Responsible™ mission, PrimaLoft strives to balance innovation, performance & sustainability in the pursuit of a better future. Today, the brand is recognized as a benchmark for providing unsurpassed comfort in any condition, while lessening its impact on the environment. PrimaLoft is active in sustainable textile production through partnerships with the bluesign® system, the International OEKO-TEX® Association, the Sustainable Apparel Coalition’s Higg Index and the Global Recycled Standard. For more information, please visit www.PrimaLoft.com, and follow PrimaLoft on Facebook, Instagram, and LinkedIn. Seek The Unseen
About Compass Diversified
Since its founding in 1998, CODI has consistently executed on its strategy of owning and managing a diverse set of highly defensible, middle-market businesses across the niche industrial and branded consumer sectors. The Company leverages its permanent capital base, long-term disciplined approach, and actionable expertise to maintain controlling ownership interests in each of its subsidiaries, maximizing its ability to impact long-term cash flow generation and value creation. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and has consistently generated strong returns through its culture of transparency, alignment and accountability. For more information, please visit compassdiversified.com.