|11/04/13 at 4:30 p.m. ET|
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|Barnes Group Appoints Richard P. McCorry President, Associated Spring|
BRISTOL, Conn., Apr 29, 2003 (BUSINESS WIRE) -- Barnes Group Inc. (NYSE: B) today announced that Richard P. McCorry will be appointed President of its Associated Spring business unit effective May 1, 2003; Associated Spring had 2002 sales of $322 million. Mr. McCorry succeeds Leonard M. Carlucci, who retired as President of Associated Spring on April 1, 2003.
"Rich McCorry is an outstanding leader with a proven track record of global accomplishments within the manufacturing sector," said Edmund M. Carpenter, President and Chief Executive Officer, Barnes Group Inc. "His background is ideally suited to lead Associated Spring as it seeks to achieve sustainable, profitable growth on a worldwide basis."
Prior to joining Barnes Group Inc., Mr. McCorry was with Textron, Inc., a multi-industry company, where he held several executive positions including: President, Textron Power Transmission, which provides mechanical power transmission components and systems for the industrial, defense, mining and mobile equipment and transportation markets; Executive Vice President, Global Operations, Textron Industrial Products, Textron's industrial segment; and Managing Director, Textron Breed Automotive, S.r.l.
From 1985 to 1997, Mr. McCorry was with Lear Corporation, a Fortune 500 supplier of interior products to the automotive OEM market, and Masland Industries, where he held various management positions of increasing responsibility.
Mr. McCorry earned a Bachelor of Science degree in Commerce and Engineering from Drexel University, and completed the Advanced Executive Management Program at the Wharton School of Business.
Barnes Group Inc. (www.barnesgroupinc.com) is a diversified international manufacturer of precision metal components and distributor of industrial supplies, serving a wide range of markets and customers. Founded in 1857 and headquartered in Bristol, Connecticut, Barnes Group consists of three businesses with 2002 sales of $784 million: Associated Spring, one of the world's largest manufacturers of precision mechanical and nitrogen gas springs; Barnes Aerospace, a manufacturer and repairer of highly engineered assemblies and products for commercial and military aircraft engines, airframes, and land-based industrial gas turbines; and Barnes Distribution, an international, full-service distributor of maintenance, repair and operating supplies. Over 6,200 dedicated employees at more than 60 locations worldwide contribute to Barnes Group Inc.'s success.
SOURCE: Barnes Group Inc.
Barnes Group Inc. Phillip J. Penn, 860/973-2126 Investor Relations or Stephen J. McKelvey, 860/973-2132 Corporate Communications
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