Carpenter Technology Appoints Vice Chairman

Fitzpatrick will focus on developing strategic growth plan.

Carpenter Technology Corp. has appointed Dr. J. Michael Fitzpatrick as vice chairman, an executive position reporting directly to Robert J. Torcolini, chairman, oresident and CEO. In addition to his new role at the company, Dr. Fitzpatrick will continue as a member of the Board, on which he has served since 1997.

Fitzpatrick will work closely with Carpenter's CEO and the company's senior management team to develop and execute a strategic growth plan for Carpenter. Fitzpatrick brings extensive experience in strategic planning, operations and technology management, international business and mergers and acquisitions. He was formerly president and COO of Philadelphia-based Rohm and Haas Co.

Torcolini commented, "Carpenter is extremely fortunate to have Mike become an integral part of our management team. The company continues to perform very well and is positioned for further growth and diversification. Mike's perspective as a board member, combined with his business background and experience, will be an asset as we leverage the company's strengths, take advantage of market opportunities, and deliver superior business results in the years ahead."

Fitzpatrick, 59, holds a PhD in chemistry from Rice University. He joined Rohm and Haas, a specialty chemical company, in 1975 shortly after completing his post-doctoral studies at Harvard. While at Rohm and Haas, he held positions in research and marketing and had general management responsibilities for 13 years in Brazil, Italy, Mexico, and the United Kingdom. After returning to the U.S., he later became president and COO.

Carpenter Technology Corp., based in Wyomissing, PA, is a manufacturer and distributor of specialty alloys and engineered products. More information is available at the company's website at www.cartech.com.

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