New Era of Ownership at Quabaug Corporation

Quabaug Corporation, designer and manufacturer of premium rubber products, announces election of Kevin Donahue to Chairman of the Board.

At Quabaug Corporation's Board of Directors' meeting held on August 21, 2007, a transition was made in the leadership of the company. Roger Varnum resigned as Chairman of the Board, a position that he has held since 1995. Kevin Donahue, Quabaug Corporation Chief Executive Officer, was subsequently elected Chairman and will retain his position of CEO.

This election culminated a 91-year history of Varnum family ownership in the corporation. On July 5, 2007, Quabaug Corporation executives, Kevin Donahue, Mike Gionfriddo, President & COO, and Jim Barkoskie, Vice-President Human Resources, completed a transaction that would allow them to own the company going forward.

Roger Varnum was instrumental in developing this succession plan and will continue to serve as an advisor to Quabaug.