Woody Gosney to Retire from Pharr Yarns After 43 Years

Rich Pattinson Named Gosney’s Successor

McAdenville, North Carolina, December 10, 2014 – H. Woodrow “Woody” Gosney, carpet yarn division president for Pharr Yarns, announced today his plans to retire from the company in March 2015, after nearly 43 years with Pharr. Rich Pattinson, business director for Pharr’s carpet yarn division, will succeed Gosney.

“Pharr Yarns is known for its product innovation, high degree of manufacturing quality and extraordinary customer service due in great part to the insight, knowledge and effort of Woody Gosney,” said Bill Carstarphen, president and CEO of Pharr Yarns. “Woody is a legend in the carpet industry, and he will be sorely missed throughout Pharr and the entire carpet world.”

Former Pharr CEO J.M. “Bip” Carstarphen hired Gosney in 1972 and initially had him spend time in Pharr’s plants studying the manufacturing processes, products and equipment. In 1982, Woody assumed the role of vice president of Pharr’s carpet yarn division, was promoted to executive vice president in 1995, and ultimately became carpet yarn division president in 2005.

Early on, Gosney had the foresight to recommend that the company invest in new equipment that would pave the way for an eventual transition from spun yarn products to today’s efficient and innovative bulked continuous yarns. During much of his career, the carpet industry has undergone significant consolidation and vertical integration. Under Woody’s leadership and due to his extensive product knowledge and many long term relationships, Pharr has sustained its role as the only full service supplier of carpet yarns to the industry.

Gosney resides in Cramerton, N.C. with his wife Harriett. They have six children and 11 grandchildren.

Pattinson Named President of Carpet Yarn Division

Rich Pattinson joined Pharr Yarns four years ago after a 21-year career with DuPont & Invista, where he held leadership roles in operations, business, finance and manufacturing. Rich has a broad range of responsibilities within the carpet yarn division of Pharr Yarns, including the integration of resources & technology for a growing product portfolio. Pattinson is a graduate of Duke University with a bachelor’s degree in mechanical engineering & materials science.

Pattinson lives in the metro Charlotte area, with his wife, Sheila and their two children. They enjoy camping, travel and working on home improvement projects. Rich serves on the executive committee of the board of trustees for Gaston Day School.

About Pharr

Pharr, headquartered McAdenville, N.C. since 1939, began as a sales yarn manufacturing company and has expanded into one of North America’s leading manufacturers of carpet yarns and high performance yarns, serving customers worldwide. A family-owned enterprise, Pharr also operates a diversified real estate company that redevelops commercial and residential communities and a hotel management services company with properties throughout the eastern U.S.