Christine Foster three PR 404.835.4524
cfoster@3atlanta.com
Katie O’Neill three PR 404.835.4527
koneill@3atlanta.com
(ATLANTA – MARCH 22, 2007) – Simmons Bedding Company announces the promotion of three current senior vice presidents to executive vice president positions. Kristen McGuffey has been promoted from senior vice president and general counsel to executive vice president and general counsel; Tim Oakhill has been promoted from senior vice president of marketing and licensing to executive vice president of marketing; and Kimberly Samon has been promoted from senior vice president of human resources to executive vice president of human resources.
“Kristen, Tim and Kimberly each have demonstrated executive-level leadership abilities with their respective teams over the past year,” said Charlie Eitel, Simmons’ chairman and chief executive officer. “Their influence and guidance have helped Simmons grow as an organization.”
Simmons President Gary Matthews added: “We are very excited about promoting Kristen, Tim and Kimberly. I’ve been impressed with their numerous accomplishments, which have helped Simmons generate real sales and share momentum. Moreover, they have built excellent teams and provided superior leadership that has prepared us for an even brighter future.”
For more information, please visit www.simmons.com.
About Simmons Bedding Company Atlanta-based Simmons Bedding Company, a subsidiary of Simmons Company, is one of the world's largest mattress manufacturers, manufacturing and marketing a broad range of products
®® ®
including Beautyrest , BackCare , Beautyrest Black™, Natural Care™ Latex, BackCare Kids and
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DeepSleep . It operates 21 conventional bedding manufacturing facilities and two juvenile bedding manufacturing facilities across the United States, Canada and Puerto Rico. Simmons also serves as a key supplier of beds to many of the world’s leading hotel groups and resort properties. Simmons Bedding Company is committed to developing superior mattresses and promoting a higher quality sleep for consumers around the world. For more information, visit the company's website at www.simmons.com.
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This press release includes forward-looking statements that reflect Simmons Company and its affiliates (combined “Simmons Company”) current views about future events and financial performance. Words such as “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts” and variations of such words or similar expressions that predict or indicate future events, results or trends, or that do not relate to historical matters, identify forward-looking statements. The forward-looking statements in this press release speak only as of the date of this release. These forward-looking statements are expressed in good faith, and Simmons Company believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Simmons Company’s expectations. These factors include, but are not limited to: (i) competitive pricing pressures in the bedding industry; (ii) legal and regulatory requirements; (iii) the success of new products; (iv) Simmons Company’s relationships with and viability of its major suppliers; (v) fluctuations in Simmons Company’s costs of raw materials; (vi) Simmons Company’s relationship with significant customers and licensees; (vii) Simmons Company’s ability to increase prices on its products and the effect of these price increases on its unit sales; (viii) an increase in Simmons Company’s return rates and warranty claims; (ix) Simmons Company’s labor relations; (x) departure of Simmons Company’s key personnel; (xi) encroachments on Simmons Company’s intellectual property; (xii) Simmons Company’s product liability claims; (xiii) Simmons Company’s level of indebtedness; (xiv) interest rate risks; (xv) compliance with covenants in Simmons Company’s debt agreements; (xvi) Simmons Company’s future acquisitions; (xvii) Simmons Company’s ability to successfully integrate Simmons Canada into its operations; (xviii) the loss of key personnel at Simmons Canada as a result of Simmons Company’s acquisition of Simmons Canada; (xix) Simmons Company’s ability to achieve the expected benefits from any personnel realignments; and
(xx) other risks and factors identified from time to time in Simmons Company’s reports filed with the Securities and Exchange Commission. Simmons Company undertakes no obligation to update or revise any forward-looking statements, either to reflect new developments or for any other reason.