John “Jack” G. Johnson Jr., who served as chief executive officer of Foamex International from 1999 to 2001, has rejoined the company as CEO. The board of directors also named Johnson to the board.
At the same time, the Linwood, Pa.–based company named Eugene I. Davis nonexecutive chairman of the board. Ray Mabus resigned earlier this year from his position as CEO and chairman of the board in order to return to his home in Mississippi.
“Jack is a proven leader who brings to Foamex an ideal combination of skills and experience, having led the company at a time when it enjoyed then–historic levels of profitability and growth,” Davis said. “We are confident that Foamex will greatly benefit from his intimate knowledge of the company and industry experience as we continue to focus on driving shareholder value.”
Of returning to the company, Johnson said: “I look forward to leading Foamex through its next phase of growth and implementing its strategic vision of being a market–focused provider of polyurethane foam–based solutions and specialty comfort products. I am extremely excited by this opportunity and look forward to working with the entire Foamex team.”
Foamex emerged earlier this year from Chapter 11 bankruptcy.