PARIS — Spain-based materials company Recover has appointed Enes Adak and Fehmi Yüksel co-chief executive officers, as the recycled cotton producer preps for its “next stage” of expansion and development.
Adak will retain his role as chief product officer, overseeing product, commercial and operations functions including sales, product, technology, global sourcing, supply chain and production. Yüksel will continue as chief financial officer, with responsibility for strategy, integrated scaling, stakeholder engagement and long-term growth initiatives.
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The appointment of the co-CEOs follows the departure of Anders Sjöblom, who had been in the role since 2024, with the leadership change aimed at strengthening customer support, deepening partnerships across the textile value chain, improving operational delivery and expanding Recover’s global platform, the company said.
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“The co-CEO structure combines Enes’ operational and product leadership with Fehmi’s expertise in strategy, finance and business transformation. Together, they bring complementary capabilities that will help accelerate execution, strengthen our partnerships, and continue scaling the business globally,” said Recover executive chair Hans Ploos van Amstel.
Adak brings nearly two decades of experience across the consumer and retail sectors, including senior roles at Li & Fung and Forever 21, part of SPARC Group. His experience spans commercial, product, sourcing, supply chain, manufacturing and operations across Asia, Europe and the U.S.
“As Recover enters its next phase, our focus is on turning the strong foundation we have built into greater scale and commercial impact,” said Adak. “That means delivering consistently for our customers, strengthening our global supply chain and partnerships, and making it easier for brands and manufacturers to adopt recycled cotton at meaningful scale. We have a significant opportunity ahead of us, and execution will be key.”
Yüksel has more than 15 years of experience in strategy, transformation, sustainability and business building. Before joining Recover, he held leadership positions at McKinsey & Co.
“As the textile industry accelerates its circular transition, demand for integrated recycled solutions is reaching a new level,” said Yüksel. “Our priority is to strengthen partnerships across the industry, accelerate the adoption of recycled cotton at scale, expand our global platform, and continue building a business that creates long-term value for customers, shareholders and partners.”
Recover had a busy 2025. It opened a factory in Vietnam early in the year, and entered into a joint venture with local manufacturer Intradeco in El Salvador in the second half for a production facility there. Recover has three additional facilities, including in its home country of Spain and Bangladesh, as well as one in Pakistan, which it operates through a partner.
It also launched its own collection of low-impact fabrics made with Recover’s proprietary recycled cotton fiber last year, and signed a multiyear agreement with H&M to support the integration of its recycled cotton fiber, RCotton, for use in H&M’s products.
Recover has a global production network and works with more than 100 supply chain partners. Its recycled cotton fiber was used in more than 200 million garments last year.
The company is backed by Story3 Capital Partners and Goldman Sachs Asset Management.