U.S. SALES ORGANIZATION

January, 2009 - The consolidation of Selkirk and Hart & Cooley announced last August was driven by the deterioration of our markets and declining business levels, along with the opportunity to capitalize on a number of synergies between the Selkirk and Hart & Cooley organizations. Since that announcement the economy has continued to worsen, and 2009 residential markets in the U.S. will be down over 25% from 2008 levels. This has increased the urgency in capitalizing on the synergies and talent that exits between the two companies.
To further strengthen our sales performance, we will have a single point contact for each of our key U.S. business segments. This will include all brands sold through the respective channels. This focus will better enable us to drive sales performance by optimizing pricing, product rationalization, brand utilization and customer development strategies.
Going forward Tim Rothgeb will be responsible for the Hearth, Retail and OEM sales channels for all brands. This includes Selkirk, Hart & Cooley and AMP. Supporting Tim in this role will be Fred Pierce for Hearth, Gary Light for Retail and Rich Sinsitore for OEM accounts. Selkirk customer service, and the rest of the Dallas office staff, will continue to report to Tim as currently structured.
Gary Fisher will be responsible for the HVAC distribution channel for all brands. This includes Selkirk, Hart & Cooley and AMP. All regional sales managers will report to Gary. In addition to his current sales manager reports, John Mennella and Eckhard Hilscher will join the team. The sales administration group in Grand Rapids will continue to report to Gary.