FJC Fedders

Fedders Names Peter Gasiewicz Senior Vice President, Fedders Corporation and President, Fedders North America LIBERTY CORNER, N.J., April 18 /PRNewswire-FirstCall/ -- Fedders Corporation (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 Peter Gasiewicz, Senior Vice President, Fedders Corporation and President, Fedders North America. Mr. Gasiewicz will have direct responsibility for the company's Commercial HVAC, Residential HVAC, and Indoor Air Quality operating units and sales activities in North America and is charged with more closely aligning these businesses and their respective product lines to maximize growth and profitability. Mr. Gasiewicz has extensive residential and commercial HVAC and indoor air quality experience gained throughout his career in the air treatment industry. He has held positions of increasing responsibility with Melco, ZoneAire, American Air Filter and from 1987, with International Comfort Products/Carrier Corporation (ICP), a division of United Technologies. In 2003 he was appointed Vice President and General Manager of ICP, with responsibility for the company's substantial market share and revenue. Prior to 2003, he held various positions including Vice President, Sales and Marketing for ICP's global operations from 2000 to 2002, Vice President, U.S. Sales from 1997 to 2000 and from 1996 to 1997, Vice President of National Accounts and Company-Owned Branches. Mr. Gasiewicz has a Bachelor's degree in Economics from Ramapo College in New Jersey, various industry technical certifications and is a Vietnam Era Veteran of the United States Marine Corps. Commenting on the appointment of Mr. Gasiewicz, Fedders' President, Michael Giordano said, "Pete is a proven HVAC industry veteran who brings to Fedders a wealth of experience. Fedders is well-positioned, with a broad line of air treatment products, including residential and commercial air conditioning and gas heating products, and residential, commercial and industrial air cleaning and humidification products to grow the business. With our extensive mass production facilities in Asia, a new state-of-the-art research and development center in China, and flexible manufacturing and design facilities in the US, we intend to continue our significant expansion in the broader North American HVAC market under Pete's leadership." 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, or Web site: http://www.fedders.com/

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