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Carpenter Technology Corporation Announces New Human Resources Officer

WYOMISSING, Pa.--(BUSINESS WIRE)--Aug. 28, 2006--Carpenter Technology Corporation (NYSE:CRS) announced today that Barry J. Chapman, formerly vice president, Human Resources at Olympus America, Inc., will become vice president, Human Resources at Carpenter, effective August 28.

Chapman, 48, served as vice president, Human Resources at Olympus America, Inc. since 2002. Prior to that, he most recently served as vice president, Human Resources at Volvo Trucks North America; and vice president, Human Resources at Navistar International Truck and Engine Corporation. Chapman holds a Bachelor of Science degree from Southern Oregon State University and a Master of Business Administration from Golden Gate University.

Carpenter Technology Corporation based in Wyomissing, PA, is a leading manufacturer and distributor of specialty alloys and engineered products. For more information about Carpenter Technology Corporation please visit the Company's website at www.cartech.com.

CONTACT: Carpenter Technology Corporation
Jaime Vasquez, 610-208-2165
Jvasquez@cartech.com

SOURCE: Carpenter Technology Corporation


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