FJC Fedders

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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