Fedders Names David B. Schumacher, President, Fedders Commercial HVAC
19 Novembre 2004 - 3:16PM
PR Newswire (US)
Fedders Names David B. Schumacher, President, Fedders Commercial
HVAC LIBERTY CORNER, N.J., Nov. 19 /PRNewswire-FirstCall/ --
(NYSE:FJC), a leading global manufacturer of air treatment
products, including air conditioners, air cleaners, dehumidifiers
and humidifiers, and thermal technology products, today announced
that it has appointed David B. Schumacher, President, Fedders
Commercial HVAC. Mr. Schumacher will have direct responsibility for
Fedders' new business unit, Fedders Commercial HVAC, which is
comprised of Fedders Eubank Company, Inc. in Longview, Texas and
Fedders Addison Company, Inc. in Orlando, Florida. The business
unit manufactures and markets a broad line of air conditioning
products including wall mount packaged air conditioners and heat
pumps, rooftop packaged heating and cooling units, vertical
packaged units, water source heat pumps, condensing units and air
handlers for commercial and institutional markets. Mr. Schumacher
has extensive experience in the commercial HVAC industry, beginning
his career with Lennox Industries and advancing in positions of
increasing responsibility in engineering, marketing and product
management with Snyder General Corporation and International
Comfort Products, where his last assignment was Vice President and
General Manager of the Commercial Products Group from 1997 through
1999. From 1999 through 2001, Schumacher served as President of the
Heating Products Division of Desa International, Inc. Most
recently, he held the position of President and Chief Executive
Officer of Pro Group Incorporated, where he was instrumental in
merging the company with a larger competitor. Commenting on
Schumacher's appointment, Fedders' Chairman and Chief Executive
Officer Sal Giordano, Jr. stated, "I am very excited about the
prospects for Fedders' Commercial HVAC division and pleased that
David Schumacher will be leading the effort to maximize its growth
and profitability. He brings a wealth of experience and knowledge
to this new position and I am confident that the company will
benefit from his expertise and demonstrated leadership
capabilities." This news release includes forward-looking
statements that are covered under the "Safe-Harbor" clause of the
Private Securities Litigation Reform Act of 1995. Such statements
are based upon current expectations and assumptions. Actual results
could differ materially from those currently anticipated as a
result of known and unknown risks and uncertainties including, but
not limited to, weather and economic, political, market and
industry conditions and reliance on key customers. Such factors are
described in Fedders' SEC filings, including its most recently
filed annual report on Form 10-K. The company disclaims any
obligation to update any forward-looking statements to incorporate
developments occurring after release of announcement. Visit the
Fedders investor information website at http://www.fedders.com/ to
access additional information on Fedders. DATASOURCE: Fedders
Corporation CONTACT: Robert Laurent, Jr. of Fedders Corporation,
+1-908-604-8686, Web site: http://www.fedders.com/
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