Another shake-up in Collins & Aikman's senior management

TROY, Mich. (Aug. 11)—Collins & Aikman Corp.'s board of directors today named its chairman, David A. Stockman, CEO of the automotive interior parts maker. The company said Jerry Mosingo who had been CEO, president and a director, resigned in response to the move. Mosingo, who joined the company a year ago, replaced ousted CEO Thomas Evans nearly a year after Collins & Aikman acquired Textron Automotive Co. Inc.'s trim division. Collins & Aikman posted sales of just more than a billion for the first quarter year, compared to revenue of nearly $915 million during the same quarter of last year. The company's net loss widened during the period, however, to $28.7 million compared to $18.4 during the first three months of last year.