Business News

Polymer Group, Inc. Appoints Chief Accounting Officer

Thursday 03. January 2008 - Polymer Group, Inc. (OTC Bulletin Board: POLGA; POLGB) announced today that the company appointed Robert (Bob) Kocourek as vice president and chief accounting officer.

Kocourek assumes the responsibilities of the principal accounting officer, which were previously performed by Willis C. Moore III, the company’s chief financial officer. Such responsibilities include the development of global financial accounting policies, interpretations of accounting literature and ensuring that the company’s financial statements are prepared in accordance with generally accepted accounting principles on a global basis. Kocourek will continue to report to Moore, who remains chief financial officer.

Kocourek previously served as vice president, corporate finance and treasurer since he joined the company in May 2006. Prior to joining the company, Kocourek assisted the company in its Sarbanes-Oxley implementation efforts and other financial accounting and reporting projects as a consultant and gained extensive financial and accounting experience working with Ernst & Young, LLC and Coopers and Lybrand earlier in his career.

“I am very pleased that Bob has agreed to take this position and believe it will further our on-going efforts to achieve best in class accuracy and transparency of our global financial reporting,” said Moore.