Business

Polartec names new chief executive

Polartec LLC, a Lawrence-based provider of so-called performance fabrics under the Polartec brand name, has ­appointed Gary Smith chief executive, completing a management succession that was announced in July.

As part of that process, Joe Robinson is being appointed chief financial officer.

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Smith, 49, previously was president of the Outdoor Group for Timberland Co. He is succeeding Andrew J. Vecchione.

Polartec is owned by Versa Capital Management, a Philadelphia investment firm.

Chris Reidy can be reached at reidy@globe.com.
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