Timet Names New President and COO

Also, plans to move headquarters from Denver to Dallas

Titanium Metals Corp. has named a new president and chief operating officer, Christian Leonhard. Leonhard has served as president and COO of Timet's European operations since October 2005 and chief operating officer-Europe since 2002.

In another announcement, Timet indicated it plans to relocate and consolidate the functions now performed in Denver to Dallas, or to its plant in Morgantown, PA. Those moves will happen this year, and Timet expects to achieve "significant cost savings and organizational efficiencies through these consolidations."

Leonhard served as executive vice president-Global Operations of Timet from 2000 to 2002. He joined the company in 1988 as general manager of Timet France. He was promoted to president of Timet Savoie S.A. in 1996 and president of European Operations in 1997.

All operating management that previously reported to the former co-presidents and chief operating officers of North America and Europe will report to Christian Leonhard, who will be relocating to Morgantown, PA. Bruce Inglis, v.p.-Finance and corporate controller also will report to Leonhard.

Steven L. Watson, vice chairman of the board was named to the additional position of chief executive officer, formerly held by Harold C. Simmons. Simmons will continue as chairman of the board.

Timet conducts forging operations at its Toronto, OH, plant to convert titanium ingot into slabs, billets, and bars.

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