Jacuzzi Brands, Inc. Creates UK and European Bath Business Unit; Appoints Steven Cox Managing Director.Business Editors WEST PALM BEACH, Fla. & BRADFORD, U.K.--(BUSINESS WIRE)--June 16, 2003 Jacuzzi Brands, Inc. (NYSE NYSE See: New York Stock Exchange :JJZ) ("the Company"), a leading manufacturer of residential and commercial bath and plumbing products and premium vacuum cleaner vacuum cleaner, mechanical device using a draft of air to remove dust, loose dirt, or other particulate matter from dry surfaces. It is especially useful on highly textured surfaces, such as carpets and upholstery, that are difficult to clean by wiping or brushing. systems, today announced the consolidation of its UK and European bath businesses into a single business unit to be led by Steven Cox, formerly the Managing Director of Jacuzzi(R) UK Bathroom Products Group. Cox will assume the role of Managing Director UK/EUROPE and will continue to be based in Bradford, UK. The reorganization is effective immediately, and the business unit will include: the Jacuzzi UK Bathroom Products Group, which is based in Bradford, UK; Jacuzzi Europe S.P.A., based in Valvasone, Italy; and ATMO At´mo n. 1. (Physics) The standard atmospheric pressure used in certain physical measurements calculations; conventionally, that pressure under which the barometer stands at 760 millimeters, at a temperature of 0° Centigrade, at , based in Vichy, France. Donald C. Devine, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Jacuzzi Brands, Inc., said of the appointment, "We believe the trends in the retail and builders merchant segments require us to have a more integrated approach to managing the UK and European markets. We are pleased to appoint Steve to this new role so that he can further integrate the activities among our business units and accelerate our growth on the European continent." Devine continued, "As a focused global operating company operating company A business that engages in transactions with outsiders. , we recognize the importance of penetrating world markets, broadening distribution channels and leveraging the brand name recognition enjoyed by our products. Similar initiatives in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. are producing positive, tangible results. Jacuzzi has enjoyed great success in the UK. By following the blueprint that they drafted, we believe that Steven and his team can mirror this success and further penetrate the greater European marketplace." Steve Cox This article is about the baseball player. For the NFL punter, see Steve Cox. Steve Cox (born October 31, 1974 in Delano, California) was a first baseman for the Major League Baseball Tampa Bay Devil Rays. commented, "I am delighted to take on this challenging new role, extending our successful UK business model into Europe. The team at Jacuzzi UK has worked tremendously hard over the past few years. It is a credit to them all that our business success has resulted in my additional responsibility for Europe. I am looking forward to working with the European team to build on an already successful European business." About the Company Jacuzzi Brands, Inc. is a leading, international manufacturer of branded bath and plumbing products for residential and commercial markets and a leader in premium vacuum cleaners. The Company's widely recognized brands include Jacuzzi(R), Eljer(R), Sundance(R), Zurn(R) and Wilkins(R) brand bath and plumbing products, as well as Rainbow(R) brand vacuum cleaner systems. The Company operates manufacturing facilities in the United States, Europe and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Sales from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the for FY2002 were $1.1 billion. Learn more at www.jacuzzibrands.com. Disclosure Concerning Forward-Looking Statements Any forward-looking statements made in this release represent management's best judgment as to what may occur in the future. Various economic and competitive factors could cause actual results to differ materially from those discussed in any forward-looking statements, including some factors outside the Company's control, such as interest rates, foreign currency exchange rates, inflation rates, instability in domestic and foreign financial markets, terrorist acts, acts of war Tom Clancy's Op-Center: Acts of War is a technothriller by Jeff Rovin Plot introduction The mobile Regional Operations Center (ROC) in Turkey investigates a dam blown up by Kurdish terrorists. , consumer spending patterns, energy costs and availability, levels of residential, commercial and institutional construction, and changes in raw material costs, along with other specific factors with respect to the Company's businesses as set forth in the Company's reports and other documents filed with Securities and Exchange Commission. The Company does not undertake any obligation to update such forward-looking statements. |
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