Foamex Names Senior Vice President - Finance; Michael D. Carlini Will Also Serve as Acting CFO

    LINWOOD, Pa.--June 19, 2001--Foamex International Inc. announced today the appointment of Michael D. Carlini, 48, as Senior Vice President - Finance and Acting Chief Financial Officer. The announcement was made by John Televantos, President and Chief Executive Officer of Foamex.
    "Mike is a certified public accountant with significant operating and manufacturing experience," Televantos noted. "He is a process-oriented executive who has a successful record of productivity and profit improvement. With this unique background, he will focus on strategies to improve our business processes and enhance profitability."
    Carlini joins Foamex following seven years with Framatome, Inc., a global manufacturer of electronic components. At Framatome, he held various financial and operational positions of increasing responsibility, most recently as Vice President of Operations - Connectors America. Prior to that operational assignment, he served as Global Vice President and Controller, responsible for financial functions throughout the Americas, Europe and Asia Pacific. He began his career with Price Waterhouse & Co. in 1973, then joined General Defense Corporation, holding senior financial and operational positions for GDC and its parent, Olin Corporation.
    Carlini holds a degree in business administration from Susquehanna University and an MBA from Drexel University. He has been an adjunct professor at York College of Pennsylvania and currently teaches strategic management at Alvernia College in Reading, Pennsylvania. He is a member of the Pennsylvania and American Institutes of Certified Public Accountants and the Association of Financial Professionals.
    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.