Gearing Up for Growth 

Chatsworth Products, Inc. Announces New Roles for Executive Team 

WESTLAKE VILLAGE, Calif., April 1, 2004 – Chatsworth Products, Inc. (CPI), a 100% employee-owned leading manufacturer of structural support systems for technology equipment, announces new positions for many members of its executive team.

The executive roles, effective as of March 1, 2004, transitions CPI toward a company-wide process-based organization and away from a facility-centric model. The new management and leadership structure supports CPI’s current operations and future vision.

“By moving to a company-wide process-based structure, we will achieve easier and faster decision making; improved customer focus; better use of the unique skills and talents of our individual teammates; and clearer roles, responsibilities and accountability,” says Joseph Cabral, who continues his leadership as President and Chairman of the Board.

New and continuing executive roles are as follows:

Joseph Cabral, President and Chairman of the Board

Joseph Cabral continues his commitment and dedication to CPI’s Purpose, Vision, Mission, Core Values and Stakeholder Goals, providing strategic direction to the Executive Team and ensuring execution of business plans. Cabral oversees all members and activities of the Executive Team.

David Parker, Vice President of Datacom Business
David Parker assumes the role of Vice President of Datacom Business, a new position that will help strengthen CPI’s core business. Parker’s responsibilities include overseeing the financial performance and day-to-day orchestration of the company-wide Datacom Business. He ensures attainment of business goals, objectives and profitability of this sector with support from all company-wide processes. Parker previously served as general manager of CPI’s New Bern, N.C., operations and continues his new role from the New Bern facility.

Thomas Jorgenson, Vice President of Strategic Business Development

Thomas Jorgenson is now responsible for company-wide Strategic Business Development and Business Process re-engineering. He ensures attainment of business goals, objectives and profitability for new business development as well as company-wide processes for quality control and best practices. Jorgenson previously served as Chief Financial Officer, working to re-engineer the company’s cost structure and balance sheet and increase profitability in order to take the company into a new growth trend.

Michael Custer, Vice President of Sales & Marketing

Michael Custer continues his responsibility for Sales & Marketing. In his position, he oversees company-wide Order Acquisition, creating demand for products and achieving orders that address customers’ needs and values. The Order Acquisition process involves managing Sales, Marketing and Market Intelligence teams. Custer had assumed this position in November 2003 after serving as the Vice President of New Business Development.

Richard Jones, Vice President of Research & Development

Richard Jones continues his responsibility for company-wide Product Creation, developing product solutions that anticipate and fulfill customers’ needs and values. The Product Creation process involves Product Management, Engineering and Technical Support.

Wesley Gass, Vice President of Operations

Wesley Gass, formerly general manager of CPI’s California Operations, expands his role to oversee all operations and manufacturing processes across the company. He assumes responsibility for company-wide Order Fulfillment, “delighting the customer” by delivering product solutions addressing their needs and values. The Order Fulfillment process includes Customer Service, Materials and Production. VP Operations is a new position at CPI.

Larry Renaud, Chief Financial Officer

Larry Renaud assumes responsibility for company-wide Finance and Information Technology. In his new role, Renaud manages the Finance, Treasury, Corporate Governance and Information Technology teams. He takes on this position from the Georgetown, Texas, facility, where he previously served as General Manager.

Terry Tyndall, Vice President of Human Resources

Terry Tyndall continues her role as Vice President of Human Resources, managing company-wide Benefits, Compensation, Training and Development, and Employee Relations.

“The new executive structure will help make the company more competitive in the current marketplace,” Cabral says. “A more focused organization will allow us to meet our financial obligations and, at the same time, enable investment in business growth activities.”