Reichel & Drews Announces Management Change

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Reichel & Drews, manufacturer of asphalt roofing and waterproofing materials, announces management change in their office in Itasca, Illinois.

We are thrilled to have a person of Fred's experience, knowledge of our business, and credentials leading Reichel & Drews. I look forward to him building on the strengths of Reichel & Drews and providing our customers with the very best products and services available

Reichel & Drews announced today that Fred Kestler has been promoted to President of Reichel & Drews, Inc., effective May 30, 2008. Reichel & Drews is a leading provider of production systems and equipment, technology and consumables to manufacturers of asphalt roofing and waterproofing materials worldwide. Curtis Maas continues as Chairman and CEO and after many years in the position as President, has promoted Mr. Kestler to take this important position.

"We are thrilled to have a person of Fred's experience, knowledge of our business, and credentials leading Reichel & Drews. I look forward to him building on the strengths of Reichel & Drews and providing our customers with the very best products and services available," said Maas.

Maas continued, "We have identified a superb, proven leader in Fred who has done a great job as Vice President of Sales & Marketing. He brings a strong set of credentials to this position and the combination of his knowledge of our business and his past experiences in leadership positions will enable him to be successful in this role. He brings proven leadership capabilities and strong technical skills to our business, and he is going to be a great leader as we continue to grow."

"This is a wonderful opportunity and a great time to assume a broader leadership role. We have a talented team of people at Reichel & Drews and I am looking forward to working with our team and further strengthening our market position and serving customers in all of our markets. I am enthusiastic about leading that effort and delivering great results for our customers, employees and shareholders," said Kestler.

"New leadership in this position is a healthy and normal part of the evolution and development of any company," says Maas. "I have held this position for many years and it is time now for this change to take Reichel & Drews to a higher level of performance. I look forward to continuing in my role as Chairman and CEO to build a bright future for Reichel & Drews."

Prior to joining Reichel & Drews in 2006, Mr. Kestler spent 15 years at General Electric in their transportation and logistics business, followed by three years building a business from idea to success. He has vast experience and knowledge with both domestic and international markets. He holds a Bachelor's degree and a Master's degree in Management from the University of Maryland.

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Joseph Gajc
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