ATLANTA - Rheem Manufacturing Co. CEO, I. S. Farwell, announced the appointment of JR Jones to succeed him as president and CEO, effective March 31. Farwell also announced that he would assume the new role of special advisor to the company for the remainder of 2008.

Jones, who was named corporate senior vice president and COO in Feb. 2007, was responsible for the company’s heating, cooling, and water heating business units. “JR Jones has consistently demonstrated strong and solid leadership throughout his career at Rheem and within the industry,” said Farwell. “I am confident that JR will bring the leadership needed to accomplish both our business growth strategies and the vision of a unified company that exercises to its fullest advantage the many unique synergies available to Rheem to drive positive business results throughout the company.”

Rheem has begun an executive search to replace Jones as corporate vice president and COO. Reporting to Jones will be Simon Parfitt, corporate vice president finance; William Ostan, corporate vice president human resources; Peter Gelfman, corporate vice president, secretary and general counsel; and the COO.

For more information, visit www.rheem.com.

Publication date: 04/07/2008