O'Sullivan president and CEO on temporary medical leave

By Caroline Salls

Pittsburgh, Nov. 1 - O'Sullivan Industries Holdings, Inc. president and chief executive officer Robert S. Parker is taking a temporary medical leave of absence, and the company's board of directors has named executive vice president and chief financial officer Rick Walters to serve as interim CEO until Parker is able to return to work, according to a company news release.

Board chairman Charles Macaluso said he is confident that the company will continue to make progress toward a financial reorganization in Parker's absence.

Walters joined O'Sullivan Industries as CFO in June 2004 from Newell Rubbermaid, where he had served as group vice president and CFO of the company's Sharpie/Calphalon Group since 2001.

Before that, he held senior management positions with two other Newell Rubbermaid business units going back to 1996.

O'Sullivan, a Lamar, Mo., manufacturer of ready-to-assemble furniture, filed for bankruptcy Oct. 14 in the U.S. Bankruptcy Court for the Northern District of Georgia. Its Chapter 11 case number is 05-83076.

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