Velcro Companies Hires Mark Sater as Vice President Strategic Execution

BOSTON – December 16, 2015 – Velcro Companies, a global leader in fastening solutions, today announced it has hired Mark Sater as Vice President, Strategic Execution. In this newly created position, Mr. Sater will report to CEO Fraser Cameron and will also join the Office of the CEO.

“Mark is joining Velcro Companies during an exciting time in its fifty-year history,” said Fraser Cameron, CEO of Velcro Companies. “His experience in the footwear and apparel industry will further strengthen our position with clients in this important area. Mark will also spearhead growth initiatives at the company, drawing on his exceptional skills as a leader of innovative, high-growth businesses.”

Mark will work closely with the company’s regional business heads and senior leadership team to provide fastening solutions in simple, elegant and surprising ways for businesses and consumers around the world.

Mark brings to Velcro Companies an impressive track record of building successful businesses as an entrepreneur, investor and board director. Prior to joining Velcro Companies, Mark was CEO of AccuMED Technologies, a specialist textile manufacturer for clients in the medical sector. Because of Mark’s contractual commitments to AccuMED, Mark will not be involved in contract medical device manufacturing or the manufacturing of textiles used primarily in medical devices.

Mark is also a board member of Falk & Ross, the German-based promotional clothing specialist. He has also served on the boards of Knomo, the London-based maker of unique bags and cases for modern technology products, Rohan, an outdoor clothing brand, and Amoena, the global market leader in prosthetics and bras for mastectomy patients.

A Chartered Accountant by training, Mark holds degrees in economics and accountancy from Stellenbosch University in South Africa.

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, Uruguay, 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.

Contacts:
For further information, please contact:

Bryant Park Financial Communications
Judi Flynn
jflynn@bryantparkfc.com

Velcro Companies
Julie Barry
jbarry@velcro.com