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Published on 12/9/2005 in the Prospect News Distressed Debt Daily.

USG to implement senior management changes Jan. 1

By Caroline Salls

Pittsburgh, Dec. 9 - USG Corp. made several senior-level management changes in order to continue its operating performance, build new growth platforms and continue working toward a fair resolution of its Chapter 11 case, according to a company news release.

The changes, which take effect Jan. 1, recognize four senior USG executives for their outstanding achievements, the release said.

James S. Metcalf has been named president and chief operating officer of USG Corp.; Edward M. Bosowski was named executive vice president and chief strategy officer for USG Corp. and president of USG International; Dominic A. Dannessa was named vice president of USG Corp. and executive vice president of Manufacturing, Building Systems; and Fareed A. Khan was named vice president of USG Corp. and executive vice president of Sales and Marketing, Building Systems.

Metcalf will oversee USG's North American operating subsidiaries, including United States Gypsum Co., USG Interiors, Inc., CGC Inc., USG Mexico and L&W Supply Corp. in the manufacture, sales, marketing and distribution of gypsum, ceilings and related products.

He formerly served as executive vice president at USG and president of Building Systems.

Bosowski will direct USG's overall growth plan and strategy, international operations and the strategic technology, supply chain and growth functions.

He previously served as executive vice president of Marketing and Corporate Strategy at USG and president of USG International.

Dannessa will oversee United States Gypsum Co. and USG Interiors, Inc. manufacturing operations, as well as manufacturing administration, synthetic gypsum strategy and paper strategy.

He formerly served as senior vice president of Manufacturing, Building Systems.

Khan will have responsibility for sales, national accounts, marketing, customer relationship management and specialty products.

He previously served as senior vice president of Supply Chain Management, Customer Information Management and Information Technology, Building Systems.

These promotions follow the earlier appointment of Brendan J. Deely as USG vice president and president and chief operating officer of L&W Supply Corp., USG's building materials distribution subsidiary.

He previously served as senior vice president and chief operating officer of L&W Supply Corp.

USG, a Chicago-based building materials company, filed for bankruptcy June 25, 2001. Its Chapter 11 case number is 01-02094.


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