Kennedy Retires from AFG; Litzinger Assumes Role of President and CEO

D. Roger Kennedy, president and chief executive officer (CEO) for AFG Industries Inc. since 1999, has announced his retirement, effective January 5, 2004. John L. Litzinger, previously executive vice president, assumed the role of president and CEO.

Kennedy joined AFG in 1980 as a senior marketing analyst, and held various management positions for the company. Prior to being elected president he spent ten years in Atlanta as president of AFGD.

"This has been an exciting time to lead a glass company," said Kennedy. "We have survived a recession and a very weak commercial construction market by focusing on our business basics and never forgetting the importance and value of our customers and their needs. With our markets improving and a solid forecast for 2004, I felt it was time to enjoy the fruits of our labor."

He continued, "My wife, Martha, and a I are looking forward to relaxing, travel and just enjoying ourselves. I am also confident that the company is in a strong position to profitably grow, and excited about the opportunity John Litzinger has to take the company to the next level."

Litzinger joined AFG in 1978 as quality manager at the Jerry Run, W.Va., plant. This was followed by manufacturing and technical development roles prior to being named vice president, manufacturing in 1992. He assumed the role of executive vice president in 1999.

"I am inheriting a responsibility and opportunity from Roger (Kennedy), which is in good financial condition and clear vision for the future," said Litzinger. "My role will be to continue to focus on costs while growing our value-added products and the accelerated introduction of new technologies and services to our customers and markets. We live and work in a highly competitive global market, which is changing rapidly. It is up to us to profitably grow our businesses by having a clear vision of the opportunities which lay ahead of us."

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