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Foamex News/Financial Results

 

FOAMEX HONORS
DIAMOND AWARD WINNERS
 

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LINWOOD, PENNSYLVANIA, September 12, 2001 - Foamex International Inc. (Nasdaq: FMXI), the leading manufacturer of flexible polyurethane and advanced polymer foam products, announced its Diamond Award winners for 2001. The awards were presented at a dinner hosted by John Televantos, President and Chief Executive Officer of Foamex.

This is the third year for the Awards, which were initiated in 1999 to recognize employees who exemplify a commitment to excellence, creativity, a strong work ethic and teamwork. This year, seven Diamond Award winners were recognized among nearly 6,000 Foamex employees in North America:

Name Position Location
Ted Bartsch Technical Service Manager Fort Smith AR
Greg Chrisian Director, Employee and Labor Relations Linwood PA
Julia Gambrel Plant Manager Piedras Negras, Mexico
John Kirksey Chemist Tupelo MS
Neil Silverman Pourline Manager Orange CA
Bud Silvey Operations Manager San Leandro CA
Karen Spotanski Senior Sales Representative St. Louis MO

 

Diamond Award winners and their guests were honored at a full day of events held in Philadelphia in their honor. Following a breakfast meeting with Televantos, winners and their guests enjoyed a trolley tour of Philadelphia’s historic and cultural sites. The highlight of the day was the awards dinner, which was attended by senior executives of the company as well as members of the board of directors. The awardees received an engraved Tiffany crystal diamond to commemorate the event.

Televantos emphasized Foamex’s commitment to recruit, develop, retain and reward outstanding employees. "With talented, dedicated employees like those we recognized today, I am confident that Foamex will continue to enhance its position as the world’s leading manufacturer of polyurethane foam," he said. "We are counting on you to continue to set the example and the standard for all of Foamex."

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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