GAMCO Investors, Inc. (NYSE: GBL) today named Wayne C. Plewniak, Managing Director of Gabelli
Fixed Income. He will join Ronald Eaker and Henley L. Smith, Office of the Chairman of Gabelli
Fixed Income, a wholly owned subsidiary of GAMCO Investors, Inc.
Commenting on his appointment, Doug Jamieson, President and C.O.O. of GAMCO said, "We are
delighted to have Wayne join Gabelli Fixed Income to help us to harness Gabelli & Company's
research skills and apply them to the high yield arena and leveraged credit related products."
Mr. Plewniak will also join the team of the GAMCO Global Convertible Securities Fund. While
GAMCO has preeminence in equities, Mr. Plewniak will help add to the investment in capital
structure, convertible bonds and high yield securities.
Wayne Plewniak stated that, "I look forward to working with a superb research firm such as
Gabelli and to add high yield investments to their proven value research. Our high yield
results will complement each from combining the unique PMV with a catalyst investment approach
with my skills."
Mr. Plewniak was formerly with Lehman Brothers/Neuberger Berman where he served as a Managing
Director and Senior Portfolio Manager following Neuberger's acquisition of Lipper & Company
in 2002. Mr. Plewniak was responsible for the creation and management of Lipper & Company's
high yield management from its inception in 1991. Mr. Plewniak is a graduate of Rochester
Institute of Technology and earned an MBA in Finance and International Business from Georgetown
University. Mr. Plewniak began his career at General Motors Corporation and has worked with
Goldome FSB, Paribas North America and Bell Atlantic Capital prior to Lipper & Company, LLC.
As of June 30, 2006 GAMCO Investors, Inc., through its subsidiaries, managed $26.8 billion
in assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli
Funds, LLC), and partnerships and offshore funds (Investment Partnerships).