Slipper maker RG Barry Corporation has promoted Jose G Ibarra as its senior vice president - finance and chief financial officer, replacing Daniel D Viren who is retiring after a 20-year career with the company.

The appointment accelerates a succession plan announced last year.

"Thanks to Jose's leadership in assimilating his new duties and the tremendous depth of experienced talent in our finance area, we have been able to smoothly facilitate the critical transition to a new CFO ahead of our initial plan," said Greg Tunney, president and chief executive officer.

In his 18 years with RG Barry, Ibarra has held numerous accounting and finance positions including senior vice president treasurer, vice president corporate controller, director of finance for international operations and manager of internal audit.

Even though he is stepping down as CFO, Mr Viren has assumed the role of special assistant to the CEO for mergers and acquisitions and will focus on this portion of the company's growth strategy.