KATY INDUSTRIES, INC.
ANNOUNCES APPOINTMENT OF
DAVID J. FELDMAN AS PRESIDENT AND CEO
ARLINGTON, VA –
April
7,
2008 –
The
Board
of
Directors
of
Katy
Industries,
Inc.
(OTC
BB:
KATY)
announced
the
resignation
of
Anthony
T.
Castor,
III
as
President
and
Chief
Executive
Officer,
effective
the
close
of
business
April
18,
2008.
David
J.
Feldman
was
appointed
President
and
Chief
Executive
Officer,
effective
April
21,
2008.
“On
behalf
of
the
Katy
Board
of
Directors,”
said
Chairman
William
F.
Andrews,
“I
want
to
thank
Tony
for
his
leadership
over
the
past
three
years.
Tony’s
efforts
were
instrumental
in
the
ongoing
turnaround
of
our
Glit
business
unit,
the
divestiture
of
seven
non-core
businesses
and
the
deleveraging
of
our
balance
sheet.
Our
organization
is
now
focused
on
janitorial
and
sanitary
maintenance
products
and
we
believe
we
are
well
positioned
to
take
advantage
of
this
focused
business
model
in
the
future,”
Mr.
Andrews
added.
“We
wish
Tony
success
in
his
future
endeavors.
Mr.
Feldman
is
currently
President
and
COO
of
Airserv
Corporation
and
prior
to
that
was
President
of
the
Cooper
Lighting
division
of
Cooper
Industries,
Inc.
Mr.
Andrews
stated
that
“Over
the
past
twenty
years,
Dave
Feldman
has
led
the
transformation
of
several
companies
to
growth
and
improved
profitability.
In
addition,
Dave
has
considerable
experience
in
distribution
channels
similar
to
those
into
which
Katy
sells
its
products.
Dave’s
primary
mandate
is
to
grow
sales
and
we
look
forward
to
having
Dave
apply
his
experience
and
expertise
to
the
challenges
facing
Katy.”
This
press
release
may
contain
various
forward-looking
statements.
The
forward-looking
statements
are
based
on
the
opinions
and
beliefs
of
Katy’s
management,
as
well
as
assumptions
made
by,
and
information
currently
available
to,
the
company’s
management.
Additionally,
the
forward-looking
statements
are
based
on
Katy’s
current
expectations
and
projections
about
future
events
and
trends
affecting
the
financial
condition
of
its
business.
The
forward-looking
statements
are
subject
to
risks
and
uncertainties,
detailed
from
time
to
time
in
Katy’s
filings
with
the
SEC
that
may
lead
to
results
that
differ
materially
from
those
expressed
in
any
forward-looking
statement
made
by
the
company
or
on
its
behalf.
Katy
undertakes
no
obligation
to
revise
or
update
such
statements
to
reflect
current
events
or
circumstances
after
the
date
hereof
or
to
reflect
the
occurrence
of
unanticipated
events.
Katy
Industries,
Inc.
is
a
corporation
focused
on
the
manufacturing
and
distribution
of
commercial
cleaning
products
and
consumer
home
products.
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