Carpenter Technology Names President And COO.

Business Editors

Carpenter Technology Corp. (NYSE:CRS) said today that Robert J. Torcolini had been elected president and chief operating officer of the specialty materials company, effective July 1. Torcolini, who had been senior vice president - Engineered Products Operations (EPO), also was elected to the company's Board of Directors.

Torcolini, 51, has worked most of his career at Carpenter. He 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. Torcolini was named vice president of Carpenter's former Steel Division Technical Services group in 1988. He became the Steel Division's vice president, Manufacturing Operations in 1993.

Carpenter acquired more than a dozen companies in the 1990s, diversifying its specialty ferrous metal production business with other materials companies 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 January 2000, Torcolini became senior vice president - EPO, 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 $1.3 billion in fiscal 2001 (ended June 30, 2001). More information about Carpenter is available at www.cartech.com.