Rheem announced the promotion of JR Jones to president and CEO. Jones was named Corporate Senior Vice President and COO in February, 2007 and is responsible for the company's heating, cooling, and water heating business units. Jones, a mechanical engineer, began his career with the Rheem Air Conditioning Division in 1983 as a project engineer.
Filling Jones' former position of corporate senior vice president and COO is Chris Peel, who most recently held positions with Heatcraft Worldwide Refrigeration – Americas, a division of Lennox International.
Leaving the role of CEO is I.S. Farwell, who will assume the role of special advisor to the company for the remainder of 2008.