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Foamex News/Financial Results

 

JOHN C. CULVER NAMED TO FOAMEX
BOARD OF DIRECTORS

Former U.S. Senator Brings Government Relations
Expertise to Board

 

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LINWOOD, PENNSYLVANIA, October 15, 2001 - Foamex International Inc. (NASDAQ: FMXI), the leading manufacturer of flexible polyurethane and advanced polymer foam products, announced that John C. Culver, 69, former U.S. Senator from Iowa, has been elected to the company's Board of Directors, effective immediately.

In making the announcement, Marshall S. Cogan, Chairman of the Foamex Board, said, "As the industry leader in new product innovation, Foamex is becoming increasingly technology-driven. Senator Culver will provide critical input to our board as we leverage this expertise globally and increase our participation in the defense and aerospace sectors."

Since 1981, Senator Culver has been a senior partner at Arent Fox law firm in Washington D.C., where he served on the firm's Executive Committee and headed the Government Relations practice.

For ten years beginning in 1965, he represented Iowa in the United States House of Representatives, where he served on the Foreign Affairs Committee and chaired the Subcommittee on Foreign Economic Policy. In 1974, he was elected to the U.S. Senate, where he served on the Armed Services Committee and chaired the Subcommittee on Research and Development. He was the subject of a book by Elizabeth Drew entitled Senator, about the role and responsibilities of a U.S. Senator.

Senator Culver is a graduate of Harvard College and the Harvard Law School. He attended Emmanuel College, Cambridge University, as the Lionel de Jersey Harvard Scholar. He also served for three years as an infantry officer in the United States Marine Corps.

A member of the J. William Fulbright Foreign Scholarship Board and a Director of the Franklin and Eleanor Roosevelt Institute, Senator Culver has also served on the Board of Overseers of Harvard University. He has served on the Trilateral Commission and the Council on Foreign Relations, and is currently chair of the Senior Advisory Committee of the Institute of Politics of the John F. Kennedy School of Government.

Senator Culver is the recipient of six honorary degrees and dozens of national awards, and is the co-author with John Hyde of American Dreamer, The Life and Times of Henry A. Wallace.

Foamex, headquartered in Linwood, Pennsylvania, is the world's leading producer of comfort cushioning for bedding, furniture, carpet cushion and automotive markets. The company also manufactures high-performance polymers for diverse applications in the industrial, aerospace, electronics and computer industries as well as filtration and acoustical applications for the home. Revenues for 2000 were $1.3 billion.
For more information visit the Foamex web site at http://www.foamex.com.


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