The CEO of denim manufacturer Galey & Lord Inc has announced he will retire once the company emerges from Chapter 11 bankruptcy protection.

Arthur Wiener, who also serves as chairman of the North Carolina-based company, said he expected to exit his current roles by the end of February 2004.

"The company will emerge with a strong balance sheet, poised to go forward, and execute its near and long term goals as a premier worldwide supplier of denim, cotton casuals and uniform fabrics," Wiener said of Galey & Lord's post-bankruptcy future.

"I believe in the company's future and its ability to execute its strategy.

"I wish the company and all of its employees that I have worked with these many years the successful future they deserve."