Barnes Group Inc. Names Edmund M. Carpenter President and Chief Executive Officer.BRISTOL, Conn.--(BUSINESS WIRE)--Dec. 8, 1998--Barnes Group Inc. (NYSE NYSE See: New York Stock Exchange :B) today announced that Edmund M. Carpenter has been named president and chief executive officer, effective immediately. He also has been elected to the company's board of directors. He succeeds Theodore E. Martin who, as previously announced, has retired as president, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and a director of Barnes Group. Prior to joining Barnes Group, Mr. Carpenter, 56, was a senior managing director at the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of private investment firm of Clayton, Dubilier & Rice. He also serves on the boards of directors of Campbell Soup Company Campbell Soup Company (NYSE: CPB) (also known as Campbell's) is a well-known American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. It is headquartered in Camden, New Jersey. , Inc.; Dana Corporation; and Texaco, Inc. He previously has served as chairman and CEO of General Signal Corporation and president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of ITT Corporation For other uses, see ITT (disambiguation). ITT Corporation, NYSE: ITT is a large American manufacturing company with 2006 revenues of $7.8 billion. ITT is a leading U.S. defense contractor and the world's largest supplier of equipment to move and treat water and wastewater. . Thomas O. Barnes, chairman of the board of directors of Barnes Group, said: "We are very pleased that Ed Carpenter Ed Carpenter is an Indy Racing League IndyCar Series driver born March 3, 1981. He is the stepson of Indy Racing League founder Tony George. He and his wife, Heather Carpenter, are expecting their first child in October of 2007. has joined Barnes Group as president and chief executive officer. During his distinguished career, Ed has demonstrated that he is a strong leader with a clear vision. His management skills, technological expertise and considerable experience will suit him well for the opportunities and challenges that lie ahead for Barnes Group." "In recent years, Barnes Group has achieved record levels of sales and profitability and is positioned for a new era of growth as a leader in distribution and manufacturing worldwide," Mr. Barnes continued. "We wish Ted Martin well in his future endeavors and thank him, once again, for his contribution to the company's continued success." Mr. Carpenter said: "I am very excited about this opportunity to help write the next chapter in the long, proud history of Barnes Group. I am impressed with the company's management team and portfolio of businesses. I believe the company's prospects for future growth are outstanding, and I intend to focus on continuing to deliver superior value to our customers and shareholders by expanding our existing markets, introducing new products and pursuing appropriate acquisition opportunities." Mr. Carpenter served as chairman and CEO of General Signal, a leading manufacturer for the process control, electrical and industrial technology industries, from 1988 to 1995. Prior to joining General Signal, Mr. Carpenter held a series of high level positions at ITT Corporation, culminating with his appointment in 1987 as president and COO. He also has held senior management roles at Fruehauf Corporation, Touche Ross & Company, and Michigan Bell Telephone Company. He has a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in industrial engineering and a master of business administration degree from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. . A native of Toledo, Ohio, he currently resides in Greenwich, Connecticut. Barnes Group Inc. (http://www.barnesgroupinc.com) is a $650 million diversified international company headquartered in Bristol, Connecticut. It is a leading manufacturer of complex metal components and precision springs for industrial, automotive, and aerospace markets, and a major distributor of maintenance, repair and operating supplies to industrial and transportation markets. |
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