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Terri Eagle Named President and CEO of F. Schumacher & Co.

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F. Schumacher & Co., one of the nation’s leading design houses and marketers of luxury textiles and decorative interior products, announced that Terri Eagle, a veteran luxury executive who was recently President and CEO of Garrard Holdings Limited and Stephen Webster Limited, has been named President and Chief Executive Officer, effective immediately. Only the second time in 30 years has this position been held by a non-family member of F. Schumacher & Co.

The search began this past February when Gerald W. Puschel, fourth generation President and CEO, announced to the Board of Directors his intention to retire by the end of 2010.

Ms. Eagle has extensive experience in the luxury brand and retail industry. Prior to becoming President and CEO of Garrard and Stephen Webster, Eagle served as President and CEO of John Hardy USA and held several senior management positions at David Yurman, including Chief Operating Officer.

Ms. Eagle began her career at L’Oreal USA and subsequently served in senior executive positions at Revlon Inc. and Montblanc North America.

Commenting on the appointment, Gerald W. Puschel, who will become Chairman of the Board, said:

"We are proud to welcome Terri Eagle to F. Schumacher & Co. and our family looks forward to supporting her as she capitalizes on her wealth of experience in the luxury industry to lead the Company into its next phase of growth. We are very pleased to have such a world-class executive and leader at F. Schumacher & Co. Terri is well known for her strong leadership skills and deep management expertise, and we are confident that under Terri’s leadership F. Schumacher & Co. will begin an exciting new chapter in its storied 121 year history.”

Terri Eagle added, "I am honored to be joining F. Schumacher & Co. as CEO. Schumacher and Patterson, Flynn & Martin are legendary brands in interior design, and I am confident that together with the strong management team we can take the Company to even greater prominence."

F. Schumacher & Co. is a legendary design house and marketer of luxury fabrics, wallcoverings, furnishings, and floorcoverings. Established in 1889 by French ex-patriot, Frederic Schumacher, the Company is privately held by its fourth and fifth generations of family ownership. F. Schumacher & Co.’s diverse products are marketed under two brands, Schumacher and Patterson, Flynn & Martin to design professionals worldwide through showrooms, Company and third-party sales representatives. The Schumacher brand, synonymous with exquisite textiles, is one of the most recognizable names in interior design around the world.

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