Nano-Tex seeks new CEO; Tice contract expires

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Jan. 17, 2006 — Nano-Tex LLC has launched a search for its top leader after Donn Tice stepped down as chief executive officer. Jim Curley, who joined Nano-Tex as chief financial officer last June, is serving as interim CEO.

Tice’s three-year contract expired at the end of December. Tice cited personal reasons for leaving Nano-Tex, a company whose nanotechnology-based textile enhancements have appeared in more than 100 apparel and interior furnishing brands, including Land’s End, Brooks Brothers, L.L. Bean, Eddie Bauer and Lee Jeans. It has licensed its technology to more than 80 textile mills. Under Tice, the company has expanded its reach to include Turkey, India and other parts of Asia.

“I’m ready for a change after (traveling) 125,000 miles a year for three years,” he said. Tice said he is assisting in the transition at Nano-Tex but no longer has a formal association with the company.

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Tice is on the advisory board of the NanoBusiness Alliance and has been a prominent speaker at nanotech events. He said that he will remain involved in the nanotechnology business community and has been in discussions with colleagues.

Curley joined Nano-Tex a few months after the company announced that it had raised $35 million in a Series A round in 2005. Curley’s previous position had been as CFO at LeapFrog Enterprises, an educational toy and game business that he helped go public in 2002. In recent years, Nano-Tex has been considered a strong candidate for an IPO as well.

— Candace Stuart


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