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Michael Petras, Former CEO of GE Lighting, Named CEO of Cleveland-Based Specialty Medical Supplies Leader
Date:3/7/2011

dent and CEO of Lighting and Industrial.  Before that, he served as President and Chief Executive Officer of GE's LED (light-emitting diodes) business, GE Lighting Solutions. During more than 18 years at GE, Petras has advanced through roles within GE in Six Sigma Quality, Product Management, and Sales and Marketing.

Mr. Petras, a Cleveland native, is very active in the community.  He is a board member of United Way of Cleveland, John Carroll University and the Greater Cleveland Partnership, a 16,000-member association of Northeast Ohio companies and organizations. He is a past board member of Achievement Centers for Children and remains active with the organization today. In 2009, he was recognized by Achievement Centers as its "annual honoree."

Mr. Petras holds an MBA degree in marketing from Case Western Reserve University and a bachelor's degree in finance from John Carroll University.

About HGI Holding, Inc.Headquartered in Cleveland, Ohio, HGI Holding, Inc. ("HGI") is a leading mail-order, direct-to-consumer provider of disposable medical products to chronic disease patients.  The company operates through two segments, Edgepark Medical Supplies and Independence Medical.  Edgepark contracts directly with over 600 managed care organizations (MCOs) to provide direct-to-consumer home delivery of products to approximately 300,000 patients, while also providing MCOs with value-added services that drive utilization, billing efficiencies and patient compliance.  Independence serves as an outsourced supply chain for approximately 5,500 commercial customers, including durable medical equipment suppliers, independent pharmacies and wholesale distributors. Funds managed by CD&R and GS Capital Partners are HGI's primary shareholders.  For more information, please visit www.edgepark.com and www.indemed.com.Contact: Kimberly Solarz +1 (212)
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