Home| About Foamex | Press Releases | Investor Relations | Events | Careers | Contact Us | Search/Site Map  








Foamex News/Financial Results

 

FOAMEX INTERNATIONAL INC. APPOINTS NEW BOARD MEMBER
____________________________

Televantos Elected a Director and Named Chief Operating Officer

LINWOOD, PENNSYLVANIA, April 11, 2000 - Foamex International Inc. (Nasdaq: FMXI), the leading manufacturer of flexible polyurethane and advanced polymer foam products, announced today that John Televantos, 47, President of the company's Foam Products Group, has been elected to the Board of Directors and appointed Chief Operating Officer of the company. 

"John's extensive experience in the urethane industry and outstanding technological capabilities strengthen that dimension of our board," said Chairman Marshall S. Cogan. "In addition, his appointment is an affirmation of the strategic and operational initiatives that have been established by Jack Johnson and John over the past year." 

Johnson, who is President and CEO of Foamex as well as a member of the board, added, "I'm delighted to have John join me on the Foamex board. He has led a number of important operational initiatives, including the new VPFSM expansion, and has been a strong partner in developing the strategic plan to grow our company and increase value for shareholders." 

Mr. Televantos is a chemical industry executive with broad experience in the polyurethane industry. Prior to joining Foamex, he was Vice President, Development Business for Lyondell Chemical Company, which he joined in 1998 following the company's acquisition of ARCO Chemical Company. In his nine-year career with ARCO, Mr. Televantos was Director of Urethane Development and, prior to that, Director of Strategic Planning and Commercial Development. He began his career with Union Carbide Corporation in 1977, serving in a number of urethane product development and research positions. Mr. Televantos holds a BS and a PhD in Chemical Engineering from the University of London. 

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 1999 were $1.3 billion.



© 2004 Foamex L.P. All rights reserved.
Terms of Use
Home| About Foamex | Press Releases | Events | Investor Relations | Careers | Contact Us | Search