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Leicester, NY ... CPAC, Inc. announced the
appointment of Read D. McNamara to President of its Fuller Brands business
segment, effective May 7, 2001. Mr. McNamara assumes total financial and
operational responsibility for Fuller Brands companies, including The Fuller
Brush Company of Great Bend, KS; Cleaning Technologies Group, CPAC's commercial
cleaning division; and Stanley Home Products, a direct selling company offering
home and personal care products. He can be reached at CPAC's World Headquarters
in Leicester, NY at 716-382-3223.
Mr. McNamara has over 25 years' experience in
global business development, marketing, and executive management for Fortune 500
companies. He has a record of leading double-digit growth in sales and
profitability for major consumer products companies including Pillsbury,
Gillette, Revlon, and Bausch and Lomb. He has been responsible for managing the
growth of some of the world's most recognized retail brands, including Right
Guard, Paper Mate, Green Giant, Haagen Dazs, Healthy Choice, and Ray Ban.
According to Thomas N. Hendrickson, CPAC's
President and Chief Executive Officer, "We were fortunate to find someone
with the extensive consumer marketing experience and proven operations
capabilities to join CPAC in this newly created executive position. We expect
both our well-known consumer brands -- Stanley Home Products and Fuller Brush --
to show top line growth in the short term as a result of Read's direction."
Mr. McNamara received his MBA from The Wharton
School at the University of Pennsylvania, and holds an MA in Latin American
Studies from Vanderbilt University, a BA from Colgate University, and is fluent
in Spanish. He resides in Rochester, NY.
CPAC, Inc. is an international manufacturer and
marketer of industrial and household cleaning products and related accessories,
and personal care products for the cleaning and personal care industry, as well
as prepackaged chemical formulations, supplies, and equipment systems for the
imaging industry. The company operates in two business segments: Cleaning and
Personal Care (Fuller Brands) and Imaging. The Fuller Brands segment includes
The Fuller Brush Company, Stanley Home Products, and Cleaning Technologies
Group. CPAC's Imaging segment serves the global Imaging market and includes
three domestic and four international chemical manufacturing operations. CPAC,
Inc. shares trade on the Nasdaq National Market System under the ticker symbol
"CPAK''. More information is available on the Company's web site: cpac.com.
Except for the historical matters contained
herein, statements in this press release are forward-looking and are made
pursuant to the safe harbor provisions of the Securities Litigation Reform Act
of 1995. Investors are cautioned that forward-looking statements involve risks
and uncertainties, which may affect CPAC's business and prospects, including
economic, competitive, governmental, technological and other factors discussed
in CPAC's filings with the Securities and Exchange Commission.
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