David Textile Inc. announced Monday that its chief executive officer and its chairman, Richard F. Smith, died at age 93.
The company said in a statement that Mr. Smith was the son of a cotton mill operator and worked for the company as an executive for more than 30 years.
It said Mr. F. was a leader who helped shape the company’s vision for its future.
He was a visionary in many ways, but also an executive who brought the business and the company together in ways that were most meaningful to the company, Mr. Miller said in the statement.
“The business we’ve built over the past quarter century is unparalleled, and we thank him for that,” Mr. Stone said.
David Textiles has about 7,000 employees, according to the latest available figures.
It employs more than 1,600 people across its operations and manufacturing centers in Georgia, Kentucky, Missouri and Texas.
The death of Mr. Sayers, who is survived by his wife, Dorothy Sayers and two daughters, was announced Monday by David Textil, which is based in Atlanta.
Mr. Sayer was in his early 90s and worked on the company from the early 1970s to the late 1980s, the company said.
The Sayers family issued a statement Monday saying they were “deeply saddened” by the loss of their father and that “all of us at the company share in his passing.”
“Our thoughts and prayers are with the family of David Sayers as they mourn his passing,” it said.
“He was an amazing human being, and his death is a tremendous loss to us all.
He was an integral part of our family and will be missed dearly.”
David Textile is based at its headquarters in the Atlanta suburb of Marietta.
The business has struggled with rising costs and shrinking demand in recent years.
In 2012, David Textels said it planned to cut back on its production of cotton, a move that has since been reversed.
David Smith had been the CEO of David Textils since 2001 and was known for being a visionary.
He had led the company to unprecedented growth, including a $1.2 billion purchase of a U.S. cotton mill in 2005 and its acquisition of a Georgia mill in 2010.
Mr Smith led David Textys turnaround efforts after the recession and was credited with helping the company avoid bankruptcy.
David Sayers was known as a strong manager, with an entrepreneurial streak that stretched across the company and helped it build its workforce, the business said.
He led the transition to a more automated operation and the establishment of its global headquarters in Atlanta, where he also led efforts to grow the company in the U.K., Mexico and China.
David was a member of the U-S-A club of American business leaders, and he was a key adviser on key business issues to U.N. Secretary-General Ban Ki-moon and other world leaders, including China and Cuba.
David worked at David Textili in its manufacturing and distribution centers from the mid-1970s until 2002.
He took on additional duties as president and CEO in 2010 and 2011, when the company started using a robotic process to cut costs and expand its operations.
David became a board member of David’s family-owned textile business in 1995.
David had a long career in business and philanthropy.
He served on the boards of several philanthropic groups and served as a senior adviser on global issues to the Clinton administration, including the Clinton Global Initiative.
David’s sister, Joan Sayers Smith, is an adviser to the Clintons, serving as a vice president on the board of the Bill, Hillary and Chelsea Clinton Foundation.
David joined the Clintons in 1994 and served on its board of directors from 2000 until 2009.
He also served on their presidential transition team.
David also served as the chairman of the board at the University of Georgia, where his father founded the university’s College of Engineering and Applied Science.
David graduated from the university with a degree in mechanical engineering and is a graduate of Georgia Tech and Johns Hopkins universities.
He received the George W. Bush Presidential Medal of Freedom in 2000, the George Herbert Walker Bush Medal of Excellence in 2006 and the William Henry Harrison Medal of Achievement in 2010, among other awards.
David Stone, the son and former chairman of David Smith, said in an interview Monday that his father had “a great deal of integrity and a very great vision for the future of the company.”
“He built the company into one of the most successful textile companies in the world, and I have no doubt he would have been proud of that,” he said.
A spokesman for Mr. Clinton declined to comment.
David and his wife also founded a clothing company, the David Stone Company, in 1993.
David died in March of 2016 at the age of 88, his family said in his obituary.
The Associated Press contributed to this report.