Bob Bozzone Plans to Retire as Chairman of Allegheny Technologies in May.Business Editors PITTSBURGH--(BUSINESS WIRE)--Jan. 14, 2004 Allegheny Technologies Allegheny Technologies, Inc. NYSE: ATI is a specialty metals company headquartered in Pittsburgh, Pennsylvania, USA. It is the 17th largest employer in Allegheny County and one of the last "steel" companies with its headquarters in "The Steel City" and major manufacturing Incorporated (NYSE NYSE See: New York Stock Exchange :ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ) announced that Robert P. Bozzone, 70, has informed the Board of Directors that he plans to retire as Chairman following the Annual Meeting of Stockholders in May. Upon Mr. Bozzone's retirement, the Board of Directors plans to name L. Patrick Hassey, 57, Chairman, in addition to his responsibilities as Allegheny Technologies' President and Chief Executive Officer. Mr. Bozzone will remain a Director of ATI. Bob Bozzone said, "Pat Hassey is an experienced, dedicated and inspirational leader. He is committed to making ATI a success for our stockholders, customers and employees. He is taking decisive actions to improve the Company's profitability and is focusing on positioning ATI for profitable growth. The Board has great confidence in Pat." "Bob Bozzone has provided important leadership as Chairman of the Company," said Pat Hassey. "I am pleased that Bob will continue to serve on ATI's Board of Directors after he retires as Chairman." ATI's Annual Meeting of Stockholders is scheduled to be held on May 6, 2004. Allegheny Technologies Incorporated (NYSE:ATI) is one of the largest and most diversified specialty materials producers in the world with revenues of approximately $1.9 billion in 2002. The Company has approximately 8,800 employees world-wide and its talented people use innovative technologies to offer growing global markets a wide range of specialty materials. High-value products include nickel-based and cobalt-based alloys and superalloys, titanium and titanium alloys, specialty steels, super stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. , exotic alloys, which include zirconium zirconium (zərkō`nēəm), metallic chemical element; symbol Zr; at. no. 40; at. wt. 91.22; m.p. about 1,852°C;; b.p. 4,377°C;; sp. gr. 6.5 at 20°C;; valence +2, +3, or +4. , hafnium hafnium (hăf`nēəm), metallic chemical element; symbol Hf; at. no. 72; at. wt. 178.49; m.p. about 2,227°C;; b.p. 4,602°C;; sp. gr. 13.31 at 20°C;; valence +4. and niobium niobium (nīō`bēəm), metallic chemical element; symbol Nb; at. no. 41; at. wt. 92.9064; m.p. about 2,468°C;; b.p. 4,742°C;; sp. gr. 8.57 at 20°C;; valence +2, +3, +4, or +5. , tungsten materials, and highly engineered strip and Precision Rolled Strip(R) products. In addition, we produce commodity specialty materials such as stainless steel sheet and plate, silicon and tool steels, and forgings and castings. The Allegheny Technologies website can be found at www.alleghenytechnologies.com. |
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