Carpenter Announces New Executive AssignmentsREADING, Pa.--(BUSINESS WIRE)--June 25, 2004--Carpenter Technology
Corp. (NYSE:CRS) announced today new assignments for its two key
operational executive officers.
Effective July 1, Dennis M. Oates, 51, will become senior vice
president - Specialty Alloys Operations (SAO) at the engineered
materials company. Michael L. Shor, 44, will become senior vice
president - Engineered Products Operations (EPO). Both will continue
to report to Robert J. Torcolini, chairman, president and chief
executive officer (CEO) of Carpenter and be based in Reading.
The changes are intended to broaden and strengthen the top
leadership team, the company said.
Oates will now be responsible for improving the operational
effectiveness and profitability of Carpenter's stainless steel and
specialty alloys manufacturing, sales and distribution operations
worldwide. He joined Carpenter last fall as senior vice president of
Engineered Products Operations, having previously served as president
and CEO of TW Metals, Philadelphia, and president and chief operating
officer (COO) of the Boston-based Connell Limited Partnership, both
private metals companies.
Most of Oates' career was spent at the former Lukens, Inc., in
Coatesville, Pa., where he ultimately served as president and COO of
the Lukens Steel Co., a carbon and specialty steel manufacturer. He
holds a bachelor's degree in economics from the University of
Pennsylvania and an MBA from Temple University.
Shor will now be responsible for revenue growth, profitability and
operational effectiveness for Carpenter's titanium, metal powder and
engineered products companies, many of which have global operations.
He had served as senior vice president - SAO for Carpenter since 2000,
after serving as vice president - Manufacturing Operations for the
A career-long employee at Carpenter, Shor joined the company in
1981 as an assistant metallurgist. He was promoted to increasingly
responsible positions in Technical Services, Sales and Marketing and
Manufacturing. He holds a bachelor's degree in metallurgical
engineering from Lafayette College and an MBA from St. Joseph's
Carpenter is a leading manufacturer and distributor of specialty
alloys and various ceramic and metallic engineered products. Carpenter
had sales of $871 million in fiscal 2003 (ended June 30, 2003). More
information about Carpenter is available at www.cartech.com.