Reddy Ice Names New Chief Executive Officer

DALLAS, Oct. 2, 2017 /PRNewswire/ -- Reddy Ice Holdings Inc. and Reddy Ice Corporation have announced the appointment of Deborah Conklin as their new Chief Executive Officer. Conklin was also elected to the Board of Directors of Reddy Ice. Bill Corbin will continue in the role of Executive Chairman and serving as the Chairman of the Board of Directors.

Ms. Conklin has served as President of Reddy Ice since February 2017 and continues to deliver high impact leadership as Reddy Ice enters its next phase of growth.

"This is an excellent time for Deb Conklin to become Reddy Ice's CEO. We have selected a very strong leader who is aggressive and poised to continue driving our strategic plan. Ms. Conklin's deep knowledge of the ice industry, operational experience with leading distribution and retail related businesses, and dynamic leadership style is a tremendous combination to take the business forward," said Reddy Ice Chairman, Bill Corbin.

Conklin was a Managing Director of Centerbridge Partners, L.P. ("Centerbridge") Portfolio Operations Team from 2013 until she joined Reddy Ice earlier this year, most recently as interim CEO of Pei Wei Fresh Kitchen. Previously, Deb spent a significant amount of time at Reddy Ice as an interim COO during Q1 and Q2 2013 to spearhead the company's cost-savings and routing optimization initiatives. Prior to joining Centerbridge, she was a Senior Operations Advisor at TPG Capital where she partnered with companies to drive top and bottom line improvements. She was also COO of Hilex Poly. Earlier in her career, Conklin held several senior leadership roles at Masonite and Stanley Works. Deb Conklin holds a Master's in Business Administration from Queens University and a Bachelor of Science, Industrial Engineering, from Clemson University.

About Reddy Ice

Reddy Ice Holdings, Inc. is the largest manufacturer and distributor of packaged ice in the United States. With approximately 1,500 year-round employees, the Company sells its products primarily under the widely known Reddy Ice® brand to a variety of customers in 39 states and the District of Columbia. The Company provides a broad array of product offerings in the marketplace through traditional direct store delivery, warehouse programs and its proprietary technology, The Ice Factory®. Reddy Ice serves most significant consumer packaged goods channels of distribution, as well as restaurants, special entertainment events, commercial users and the agricultural sector.

About Centerbridge

Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines—from private equity to credit and related strategies, and real estate—in an effort to find the most attractive opportunities for our investors and business partners. The Firm was founded in 2005 and as of September 2017 has approximately $28 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies to help companies achieve their operating and financial objectives. For more information, please visit www.centerbridge.com.

Contact Information

Reddy Ice Corporation
Angie Wallander

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SOURCE Reddy Ice