Linwood, PA, December 6, 2006--Foamex International has named Stephen E. Markert, Jr. interim chief financial officer, effective immediately.
Markert will report to Raymond E. Mabus, Jr., chairman and chief executive officer of Foamex International. Foamex is engaging global executive search firm Spencer Stuart to assist in its search for a permanent chief financial officer. The company will examine both internal and external candidates.
Mabus stated, "We are extremely pleased to have Steve join us in this capacity. Steve is a seasoned financial executive whose broad-based finance, accounting, administration, and strategic planning experience will be extremely beneficial as we prepare to emerge from bankruptcy protection."
Markert, 55, has more than 30 years of financial experience. He comes to the Company from Tatum LLC, an executive services firm, where he is a partner. Most recently, Markert was responsible for consolidating accounting functions and implementing standard procedures and reporting processes for a local publicly-traded corporation with multinational operations.
Prior to that, Markert served as vice president finance, chief financial officer at C&D Technologies, Inc. from 1995 to 2005, where he directed a multi-national finance and IT staff, managed financial information and guidance, the investor relations function and the sale of several company facilities. He served as C&D's Corporate Controller from 1989 to 1995. From 1981 to 1989, Markert held various positions of increasing responsibility at Decision Data Computer Corporation.
Markert is a CPA and has received an M.B.A. from LaSalle University and a B.S. from LaSalle College.
