Former CFO Will Lead the Company in its Drive to Further Innovation
BOSTON – Dec. 1, 2014 – Velcro Companies announced today that Fraser Cameron, formerly Chief Financial Officer, has been appointed President and Chief Executive Officer. Cameron succeeds Scott Filion, President of Velcro Americas, who has been serving as Interim CEO.
“Fraser combines a strong strategic background with a deep emphasis on long-term growth,” said Amy Tennent, Chairman of the Board of Directors, Velcro Industries N.V. “We’re building on a strong foundation and it’s time to look strategically at new opportunities with Fraser at the helm. It’s an exciting time for the Velcro Group of Companies and we are deeply grateful for Scott Filion’s leadership during this time of transition.”
Cameron joined Velcro Companies in 2010 as Chief Financial Officer and MD of Velcro Holdings B.V. During his tenure at the company, Cameron has unfailingly demonstrated systematic and strategic insight into the financial well-being of the global enterprise. His team led organizational changes to improve the finance, IT, and legal functions, implemented a new global financial reporting system, established strong and consistent results for the company, and completed two recent acquisitions.
“The storied VELCRO® Brand has revolutionized the fastening market and is an industry and category leader,” said Fraser Cameron, President and CEO. “I am thrilled to have the opportunity to steer the Velcro Group of Companies on its continued course to creating innovative and inventive solutions and to hit-the-ground running on our long-term, strategic plans.”
Cameron will work closely with senior management around the globe. The Velcro Group Leadership Team is comprised of regional presidents Scott Filion, President of the Americas; Klaas Jan Stol, President of EMEA; Andrew Ellis, President of APAC as well as Jurjen Jacobs, Vice President of Marketing; Hille Dik, Vice President of Operations; and Gemma Dreher, Vice President and General Counsel.
Prior to joining Velcro Companies, Cameron worked for Macquarie Capital in its private equity group specializing in infrastructure investments. He began his career at the management consultancy, McKinsey & Company, where he worked with media clients. He holds a Master of Laws from Columbia University and a Bachelor of Laws, Bachelor of Engineering and a PhD in Electrical Engineering from the University of Melbourne.
About Velcro Companies
Velcro Companies is a technology-driven, global organization providing fastening solutions that solve problems in simple, elegant and surprising ways for businesses and consumers around the world. We have a heritage of innovation spanning more than 50 years and own over 400 active patents and numerous trademarks, including the VELCRO® trademark, which is registered throughout the world. We develop and deliver solutions for customers through an integrated production and service system that includes manufacturing locations in the United States, Canada, Mexico, Spain and China and sales offices around the world. To buy genuine VELCRO® brand products and to find out more about our company, visit www.velcro.com.
Note to editors:
At Velcro Companies, we are proud that VELCRO® brand products have become a part of everyday life, but that ubiquity sometimes produces confusion. The VELCRO® trademark should be used only when referring to genuine VELCRO® brand fasteners. Non-VELCRO® brand products should be identified by their functional terms, such as “hook and loop,” “self-adhesive straps,” and so forth. The VELCRO® mark should always be used as an adjective and never as a noun or a verb. The term “Velcro Companies” should be used when referring to our company and its executives.
The proper use of the VELCRO® trademark assists us in safeguarding the integrity of the VELCRO® brand, and helps to protect consumers from products incorrectly sold as VELCRO® brand products. For further information on the proper use of the VELCRO® trademark, please see the guidelines on our website.
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