Fedders (NYSE:FJC)
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Fedders Names Peter Gasiewicz Senior Vice President, Fedders
Corporation and President, Fedders North America
LIBERTY CORNER, N.J., April 18 /PRNewswire-FirstCall/ -- Fedders Corporation
(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 Peter Gasiewicz,
Senior Vice President, Fedders Corporation and President, Fedders North
America.
Mr. Gasiewicz will have direct responsibility for the company's Commercial
HVAC, Residential HVAC, and Indoor Air Quality operating units and sales
activities in North America and is charged with more closely aligning these
businesses and their respective product lines to maximize growth and
profitability.
Mr. Gasiewicz has extensive residential and commercial HVAC and indoor air
quality experience gained throughout his career in the air treatment industry.
He has held positions of increasing responsibility with Melco, ZoneAire,
American Air Filter and from 1987, with International Comfort Products/Carrier
Corporation (ICP), a division of United Technologies. In 2003 he was appointed
Vice President and General Manager of ICP, with responsibility for the
company's substantial market share and revenue. Prior to 2003, he held various
positions including Vice President, Sales and Marketing for ICP's global
operations from 2000 to 2002, Vice President, U.S. Sales from 1997 to 2000 and
from 1996 to 1997, Vice President of National Accounts and Company-Owned
Branches. Mr. Gasiewicz has a Bachelor's degree in Economics from Ramapo
College in New Jersey, various industry technical certifications and is a
Vietnam Era Veteran of the United States Marine Corps.
Commenting on the appointment of Mr. Gasiewicz, Fedders' President, Michael
Giordano said, "Pete is a proven HVAC industry veteran who brings to Fedders a
wealth of experience. Fedders is well-positioned, with a broad line of air
treatment products, including residential and commercial air conditioning and
gas heating products, and residential, commercial and industrial air cleaning
and humidification products to grow the business. With our extensive mass
production facilities in Asia, a new state-of-the-art research and development
center in China, and flexible manufacturing and design facilities in the US, we
intend to continue our significant expansion in the broader North American HVAC
market under Pete's leadership."
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, or
Web site: http://www.fedders.com/