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Foamex News/Financial Results
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JOHN V. TUNNEY NAMED FOAMEX VICE CHAIRMAN
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LINWOOD, PENNSYLVANIA,
August 10, 2001 - Foamex
International Inc. (NASDAQ: FMXI), the leading manufacturer of flexible
polyurethane and advanced polymer foam products, announced today that John
V. Tunney has been named Vice Chairman of the company's Board of Directors.
Tunney has been a Foamex director since 1994. His new position is in
addition to his responsibilities as Chairman of the Board of both Foamex
Asia and Foamex Mexico, Inc. In making the announcement, Foamex founder and
Chairman Marshall S. Cogan said, "John's wisdom and guidance has been
invaluable to the Board in establishing a strong international presence for
our company. In his expanded capacity, he will work closely with Foamex
President John Televantos and me to develop further long-term business
opportunities, both here and abroad."
Tunney has been Chairman of the Board of Cloverleaf Group, Inc., an
investment company, since 1981; a partner of Sun Valley Ventures, a venture
capital firm, since 1995; and President of JVT Consulting Inc. since 1997. A
former member of Congress and Senator from the State of California, Tunney
is Vice Chairman of the Board of the Corporate Fund for Housing and a member
of the Board of Directors of Swiss Army Brands, Inc.
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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