Foamex Appoints Thomas E. Chorman as Chief Financial Officer.Business Editors LINWOOD, Pa.--(BUSINESS WIRE)--Aug. 28, 2001 Foamex International Inc. (Nasdaq: FMXI) announced today the appointment of Thomas E. Chorman as Executive Vice President and Chief Financial Officer. The announcement was made by President and Chief Executive Officer, John Televantos. Chorman joins Foamex from his position as Chief Financial Officer of Ansell Healthcare, Inc., where he successfully spearheaded significant profitability improvement and cash generation projects. Ansell is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Pacific Dunlop, a global manufacturer of medical and industrial products. From 1997 to 2000, Chorman was Vice President, Finance and Chief Financial Officer of Armstrong's Worldwide Floor Product Operations, where he initiated and directed two major acquisitions. Chorman joined The Procter & Gamble Company in 1984 out of business school, and spent thirteen years with them in financial positions of increasing responsibility. In his most recent position as Global Finance Manager and CFO See Chief Financial Officer. for Corporate New Ventures, he developed and managed the company's strategic new product development process. Other assignments at P&G included CFO for the Pringles and Snacks Division and Controller for P&G France. Chorman also served as the architect for redesigning P&G's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. supply chain. Chorman's innovative work in portfolio management for new products  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . and supply chain management are now part of the curriculum at top graduate schools. He was recently awarded the International Franz Edelman Award for his work in operations research operations research Application of scientific methods to management and administration of military, government, commercial, and industrial systems. It began during World War II in Britain when teams of scientists worked with the Royal Air Force to improve radar detection of management science. "Tom is an accomplished financial executive whose background includes international experience for both industrial and consumer products companies," Televantos noted. "He has considerable expertise in new business development, profitability improvement initiatives, cash generation programs, the supply chain process and acquisitions. I look forward to Tom's leadership as we execute our strategy of strengthening our balance sheet and growth through differential cost Noun 1. differential cost - the increase or decrease in costs as a result of one more or one less unit of output incremental cost, marginal cost monetary value, price, cost - the property of having material worth (often indicated by the amount of money improvements and new business development enhanced by prudent acquisitions." Chorman holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Rutgers Graduate School of Management and an undergraduate degree “First degree” redirects here. For the BBC television series, see First Degree. An undergraduate degree (sometimes called a first degree or simply a degree in Economics from City University of New York The City University of New York (CUNY; acronym: IPA pronunciation: [kjuni]), is the public university system of New York City. . Michael D. Carlini, who has been serving since June as Acting CFO, will continue with the company as Senior Vice President, Finance and Chief Accounting Officer. Foamex, headquartered in Linwood, Pennsylvania, is the world's leading producer of comfort cushioning for bedding, furniture, carpet cushion and automotive markets. The company also manufactures high-performance polymers for diverse applications in the industrial, aerospace, electronics and computer industries as well as filtration and acoustical applications for the home. For more information visit the Foamex web site at http://www.foamex.com. |
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