Foamex Chief Financial Officer Resigns

    LINWOOD, Pa.--May 9, 2001--Foamex International Inc. announced today that Lee C. Stewart, the company's Chief Financial Officer, has resigned, effective immediately.
    Carl E. Kraus, who had been Interim CFO prior to Stewart's appointment and who remained with the company, will continue in that capacity until the company appoints a permanent chief financial officer.
    Foamex President and Chief Executive Officer John Televantos said, "During his short tenure at Foamex, Lee has made a valuable contribution to the company. We wish him well as he applies his considerable skills in his future endeavors.
    "Foamex continues its commitment to cost reduction, productivity improvement and cash generation to further reduce debt and strengthen our financial structure," Televantos continued. "This strategy, combined with innovative new products and proprietary manufacturing capability, will enable us to maximize our performance in the short term while laying the foundation for sustainable growth."
    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. Revenues for 2000 were $1.3 billion. For more information visit the Foamex web site at http://www.foamex.com.