Falcon Prod (NYSE:FCP)
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Falcon Products Names Gene Fleetwood to Succeed Phil Pacey as
Chief Financial Officer
ST. LOUIS, Aug. 10 /PRNewswire-FirstCall/ -- Falcon Products, Inc. (NYSE:FCP),
a leading manufacturer of commercial furniture, today announced that Gene
Fleetwood has been named Vice President and Chief Financial Officer (CFO).
Falcon's Board of Directors selected Fleetwood to replace Phillip J. Pacey who
resigned as CFO effective August 9, 2004 to seek other career opportunities.
Fleetwood has been the Company's Director of Finance and Administration for the
past two years.
"Gene's strong operational knowledge, combined with his financial reporting
experience, is important and valuable as we continue to focus on our operating
strategy and liquidity," said Franklin A. Jacobs, Chairman and Chief Executive
Officer. "We appreciate the contributions made by Phil when he joined us at a
critical time, and wish him well in his new endeavors."
Prior to joining Falcon in 2002, Fleetwood was Operations Controller for Graham
Packaging Company, L.P., a publicly traded global leader in custom blow mold
packaging, where he was responsible for SEC reporting, the global budget
process and other areas of finance from 1999. Prior to that time Fleetwood was
Plant Group Controller for The Hon-Allsteel Company, a leading office furniture
manufacturer, from 1997 through 1999. He has additional prior experience with
Sivyer Steel Corporation and Rock Island Arsenal. He earned his Master of
Accountancy from Saint Ambrose University and Bachelor of Business
Administration in Finance from the University of Iowa.
Falcon Products, Inc. is the leader in the commercial furniture markets it
serves, with well-known brands, the largest manufacturing base and the largest
sales force. Falcon and its subsidiaries design, manufacture and market
products for the hospitality and lodging, food service, office, healthcare and
education segments of the commercial furniture market. Falcon, headquartered in
St. Louis, Missouri, currently operates eight manufacturing facilities
throughout the world and has approximately 2,000 employees.
Safe harbor statement under the Private Securities Litigation Reform Act of
1995: Statements contained in this news release which are not historical facts
are forward-looking statements which involve risks and uncertainties which
could impact future financial performance. Factors which could cause future
performance to differ from those anticipated by these forward-looking
statements include, but are not limited to, loss of key customers or suppliers
within specific industries, availability or cost of raw materials, increased
competitive pricing pressures reflecting industry conditions, general demand
for products, general economic conditions, economic conditions in the markets
served by the Company, and the ability of the Company to service its debt
obligations and satisfy the covenants in its loan obligations. Additional
cautionary statements regarding other risk factors that could have an effect on
future performance of the Company are described in Falcon's periodic filings
with the Securities and Exchange Commission. Although Falcon believes the
expectations reflected in any forward-looking statements are based on
reasonable assumptions, Falcon can give no assurance that its expectations will
be attained. Any forward-looking statements represent the best judgment of
Falcon as of the date of this release. Falcon disclaims any obligation to
update any forward-looking statements.
DATASOURCE: Falcon Products, Inc.
CONTACT: Gene Fleetwood, Vice President - Finance & CFO of Falcon
Products, Inc., +1-314-991-9200