US-based Yale Cordage, a custom and specialty rope manufacturer, announce that Bill Putnam has been named president of the company. Saco, Maine-based Yale Cordage is a custom and specialty rope manufacturer that designs a wide variety of application-specific ropes. Putnam was previously executive vice president, responsible for strategic planning and execution of the company's operating network, process design, analysis and implementation, and production efficiency. The announcement was made by Tom Yale, Yale Cordage chief executive officer (CEO), who has served as CEO since 1970, and president since 1992. Tom will continue as CEO, managing the company's overall strategic direction and multiparty project work. "Bill has been an asset to our company for over 25 years.