Carpenter Names Torcolini Chairman, President & CEO.To download high-resolution, print-ready JPEG JPEG in full Joint Photographic Experts Group Standard computer file format for storing graphic images in a compressed form for general use. JPEG images are compressed using a mathematical algorithm. images, click on the thumbnail image above. WARNING: these images are very large (800K+) Click here for caption Business/Photo Editors NOTE TO MEDIA: Multimedia assets available A photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.042503/bb1 WYOMISSING, Pa.--(BUSINESS WIRE)--April 25, 2003 The Board of Directors of Carpenter Technology Corp. (NYSE NYSE See: New York Stock Exchange :CRS CRS Course CRS Certified Residential Specialist (real estate certification) CRS Central Reservation System CRS Can't Remember Stuff (polite form) CRS Cost Reduction Strategy CRS Consumer Relations Specialist ) announced today that Robert J. Torcolini, president, 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. (COO) and a director of Carpenter, will become chairman, president and chief executive officer on July 1. Dennis M. Draeger, 62, Carpenter's current chairman and 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. , has elected to retire June 30. He joined the engineered materials company in July 1996 and served in several executive positions before being elected chairman and CEO July 1, 2001. Torcolini, 53, had been elected president, COO and a director of Carpenter in 2002. He has worked most of his career at Carpenter. Torcolini joined the company in 1973 as an assistant physicist in the R&D lab and progressed through a series of metallurgy positions, before moving into technical management in 1981. He was named vice president of Carpenter's former Steel Division Technical Services group in 1988, then became the Steel Division's vice president, Manufacturing Operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in 1993. Carpenter acquired more than a dozen companies in the 1990s, diversifying its specialty alloy product line with other advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, and parts-forming processes worldwide. In 1997, Torcolini was named president of what was then Carpenter's largest acquisition - Dynamet Incorporated, a titanium bar and wire producer based in Washington, Pa. In 2000, he became senior vice president - Engineered Products Operations, with responsibility for Dynamet, Carpenter Powder Products and the Engineered Products Group, a group of companies that make custom metallic and ceramic components for aerospace, automotive, consumer and industrial use. Torcolini holds a bachelor's degree in physics from East Stroudsburg State College. He is a graduate of Harvard University's advanced management program. Carpenter, based in Wyomissing, Pa., is a leading manufacturer and distributor of specialty alloys and various engineered products. Carpenter had sales of $977 million in fiscal 2002 (ended June 30, 2002). More information about Carpenter is available at www.cartech.com, with selected products sold online at www.carpenterdirect.com. A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.042503/bb1 |
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