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Carpenter Technology Corporation Announces New Senior Vice President - General Counsel and Secretary

WYOMISSING, Pa.--(BUSINESS WIRE)--Aug. 27, 2007--Carpenter Technology Corporation (NYSE:CRS) announced today the appointment of a distinguished attorney, Oliver C. Mitchell, Jr., as its new Senior Vice President - General Counsel and Secretary. The appointment is effective today.

Mitchell brings to Carpenter a long history of service in the private and public sectors. He most recently was Counsel to The Margolis Law Firm, LLC of New Jersey and New York, where he advised individuals and corporations on a number of issues, including labor, employment, compliance, regulatory and litigation matters. He also worked as an Assistant General Counsel at Ford Motor Company, where he was responsible for all commercial, consumer, Superfund, dealer, employment and other non-product litigation matters. He also was responsible for delivery of all legal advice at Ford concerning labor and employment issues. Mitchell eventually was appointed Chairman of Ford's Dealer Policy Board. For five years, Mitchell was an Assistant United States Attorney for the District of Massachusetts, where he prosecuted fraud, firearms, narcotics, tax and other violations of the federal criminal code. He also served the public as First Assistant District Attorney for Hampden County, Massachusetts, where Carpenter maintains one of its manufacturing facilities.

Mitchell has held a number of non-legal posts as part of his public service. He was appointed by the then-Governor of Massachusetts, William F. Weld, to the Board of Directors of the Massachusetts Bay Transportation Authority. Later, he was appointed by Michigan Governors John Engler and by Jennifer Granholm, his successor in office, to the Board of Directors of the Michigan State Appellate Defender Commission, where he later was elected Chairman. He is a member of the Board of Trustees of the National Judicial College, in Reno, Nevada.

Effective September 4, Mitchell will serve as Senior Vice President-General Counsel and Secretary, reporting to Anne Stevens, Chairman, President and Chief Executive Officer.

Carpenter Technology, based in Wyomissing, Pa, produces and distributes specialty alloys, including stainless steels, titanium alloys, superalloys, and various engineered products. Information about Carpenter Technology can be found on the Internet at www.cartech.com

CONTACT: Carpenter Technology Corporation
Investor and Media Inquiries:
Jaime Vasquez, 610-208-2165
jvasquez@cartech.com

SOURCE: Carpenter Technology Corporation


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