Falcon Products Names Gene Fleetwood to Succeed Phil Pacey as Chief Financial Officer
August 10 2004 - 5:12PM
PR Newswire (US)
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
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