Business News

Reddy Ice Announces New Chief Executive Officer

Tuesday 24. June 2008 - Reddy Ice Holdings, Inc. (NYSE:FRZ) ("Reddy Ice" or the "Company") announced today that Gilbert M. Cassagne has been appointed by the Board of Directors of the Company to serve as President and Chief Executive Officer of the Company effective June 23, 2008.

Mr. Cassagne has also been appointed to the Company’s Board of Directors, effective June 23, 2008. Mr. Cassagne has extensive experience in the consumer products and beverage industries with companies such as Procter & Gamble, The Dr Pepper Company and Cadbury Schweppes Americas Beverages. He most recently held the position of Chief Executive Officer of Cadbury Schweppes Americas Beverages, a division of the multinational consumer products company Cadbury Schweppes, where he also served as part of the executive board. Mr. Cassagne has held numerous other positions within Cadbury including Regional President of Asia Pacific and President of Motts.

Mr. Cassagne replaces William P. Brick as President and Chief Executive Officer. Mr. Brick has assumed the position of Executive Chairman, which he had occupied until returning as Chief Executive Officer on an interim basis in December 2007. The appointment of Mr. Cassagne followed an extensive search, led by Mr. Brick and the other members of the Company’s Board of Directors, for an appropriate candidate.

“Gil Cassagne brings outstanding experience and energy to our Company,” commented Mr. Brick. “His understanding of manufacturing, logistics and service to the retail industry are an excellent fit with Reddy Ice’s business and customers.”

“I want to thank the Board for this opportunity,” noted Mr. Cassagne. “I look forward to leading the Reddy Ice team as they continue to deliver exceptional service and value to customers and stockholders, as well as enhancing the Company’s already strong brand.”