Federal Signal appoints Dennis Martin president and CEO

Federal Signal Corporation named Dennis J. Martin president and chief executive officer, following the resignation of William H. Osborne. Martin, 60, has served on Federal Signal's Board of Directors since 2008.

"Our Board of
Directors and Bill Osborne agree that, following two years of important
progress to improve Federal Signal’s cost structure and position the company
for long term growth, the time is right for new leadership to accelerate the
company’s strategic and financial goals," said James E. Goodwin, Chairman
of the Board of Federal Signal.

"I am excited to be
joining Federal Signal’s management team," said Martin. "Federal
Signal has great strengths including a strong portfolio of innovative products
and solutions, a diverse global customer base and outstanding employees. I look
forward to working with the Board, management team and all Federal Signal
employees, to drive accelerated profitable growth and enhance shareholder
value."

"On behalf of the
Board of Directors, I would like to thank Bill Osborne for his time, commitment
and valuable service to Federal Signal," concluded Goodwin. "We
appreciate his numerous contributions and wish him the best in his future
endeavors."

The company also said that
Jennifer Sherman, the company’s senior vice president, general counsel and secretary
will assume the additional role of chief administrative officer. In her new
role, she will be responsible for the company’s administrative functions
including legal, human resources, information technology, facilities,
compliance and government affairs.

Martin has been a member of
Federal Signal’s board of directors since March 2008. Most recently, he served
as Vice President of BD Martin Group LLC, a consulting firm, a position he has
held since August 2005. From May 2001 to August 2005, Mr. Martin was the chairman,
president and CEO of General Binding Corporation (GBC), a manufacturer and
marketer of binding and laminating office equipment. He joined GBC from
Illinois Tool Works, where he was corporate executive vice president and CEO of
the Welding Products Group. Martin enjoyed a 10-year career at Illinois Tool
Works after joining from Ingersoll-Rand Company.