ICS Magazine

Foamex Appoints New CFO

August 30, 2001
Carpet cushion manufacturer Foamex International Inc. has appointed Thomas E. Chorman as its executive vice president and Chief Financial Officer.

LINWOOD, Pa. -- Foamex International Inc.(Nasdaq:FMXI), a producer of comfort cushioning for bedding, furniture and carpet cushion, appointed Thomas E. Chorman as its executive vice president and Chief Financial Officer.

Chorman, whose appointment was announced by Foamex president and CEO John Televantos, joins Foamex from his position as CFO of Ansell Healthcare, Inc., where he successfully spearheaded significant profitability improvement and cash generation projects.

Ansell is a wholly owned subsidiary of Pacific Dunlop, a global manufacturer of medical and industrial products.

"Tom is an accomplished financial executive whose background includes international experience for both industrial and consumer products companies," Televantos said. "He has considerable expertise in new business development, profitability improvement initiatives, cash generation programs, the supply chain process and acquisitions. I look forward to Tom's leadership as we execute our strategy of strengthening our balance sheet and growth through differential cost improvements and new business development enhanced by prudent acquisitions."

Michael D. Carlini, who has been Acting CFO since June, will continue with the company as senior vice president, finance, and Chief Accounting Officer.

Foamex, headquartered in Linwood, Pa., 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. For more information visit the Foamex web site at www.foamex.com.