FOR IMMEDIATE RELEASE
June 26, 2006
Veteran Executive Named Chief Operating Officer
of America's Oldest Green Building Products Manufacturer
WEST TRENTON, NJ - Craig R. Stiffler, an experienced Fortune 100 executive, has assumed the newly created position of Chief Operating Officer of Homasote Company, America's oldest manufacturer of building products from recycled material, CEO Warren Flicker announced.
Stiffler spent nearly 14 years at Siemens Power Generation, a subsidiary of Siemens AG. Most recently he served as vice president and general manager of the $300 million, 400-plus employee, Trenton-based Industrial Applications Division, an original equipment manufacturer of industrial gas and steam turbines, and compressors used in power generation, oil, gas and other industrial processes.
In his most recent position at Siemens, Stiffler led his organization through two integrations, developed and implemented significant manufacturing improvements, and dramatically improved sales and marketing in several areas, including market share and new customer penetration.
"As Homasote Company approaches its 100-year anniversary we are fortunate to have someone with Craig's knowledge and skill in this key new leadership position. We'll be leveraging his engineering, management and marketing skills to take us to new levels of growth, efficiency and productivity," Flicker said.
"I'm pleased to be part of a company with such a rich history of manufacturing innovation and environmental responsibility. Homasote? was a green building icon decades before the first Earth Day," Stiffler said. "I'm ready to help write the next chapter in Homasote Company's success. We have challenges to address: creating manufacturing efficiencies, improving our marketing and growing our customer base."
Stiffler received a BS in Electrical Engineering from Duke University and an MBA in Finance and Operations from the Katz Graduate School of Business at the University of Pittsburgh. He resides in Upper Makefield, Pennsylvania with his wife, son and daughter.
About Homasote Company
Homasote Company (http://www.homasote.com) is America's oldest manufacturer of building products made from recycled wastepaper. Each year Homasote converts 80,000 tons of post-consumer waste paper into unique environmentally friendly structural, sound control building products and industrial packaging. Homasote's 750,000-square-foot facility in West Trenton, New Jersey is the only manufacturing plant of its kind in the United States.
Forward-Looking Statements
This news release contains forward-looking statements that reflect management's current views of future events and operations. These forward-looking statements are based on assumptions, external factors and other risks. Actual results could differ materially from these forward-looking statements.
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homasote
COMPANY
932 Lower Ferry Road
West Trenton, NJ 08628
800-257-9491
Sales: Ext. 1500
www.homasote.com
pubrel@homasote.com