BRISTOL, Conn.--(BUSINESS WIRE)--May 29, 2007--Barnes Group Inc.
(NYSE: B) today announced that Scott M. Deakin, 41, has been appointed
Senior Vice President, Corporate Development and Vice President,
Barnes Group Inc.
"We are pleased that Scott has joined the Barnes Group leadership
team, to focus on identifying, assessing and pursuing high-quality
growth opportunities," said Gregory F. Milzcik, President and Chief
Executive Officer, Barnes Group Inc. "Scott's leadership, operational
and deal-making experience position him well for leading our efforts
to enter into strategic acquisitions and other ventures. Scott's
understanding of diversified businesses and strategic levers necessary
to position a business for long-term growth is critical to the
Company's objective of generating sustained stockholder value."
Mr. Deakin comes to Barnes Group with nearly 20 years of
experience in key management and executive positions in operations,
finance and corporate development. Prior to joining Barnes Group, he
held positions with increasing responsibility within Eaton
Corporation, a diversified industrial manufacturer. While with Eaton,
he was Director, Corporate Development where he completed more than 20
transactions totaling $5 billion. Most recently, he was General
Manager, Power Products Division, Hydraulics Operations with Eaton
Corporation.
Mr. Deakin earned an MBA from Carnegie Mellon University and a BS
degree in Business Administration from Bowling Green State University.
Celebrating its 150th anniversary in 2007, Barnes Group Inc.
(NYSE:B) is an international aerospace and industrial components
manufacturing and distribution company focused on achieving
consistent, sustainable and predictable results. Founded in 1857,
Barnes Group consists of three businesses: Barnes Aerospace, Barnes
Distribution and Barnes Industrial. Over 6,600 dedicated employees at
more than 65 locations worldwide contribute to Barnes Group Inc.'s
success. The Company has paid cash dividends to stockholders on a
continuous basis since 1934. For more information, visit
www.barnesgroupinc.com.
CONTACT: Barnes Group Inc.
Brian D. Koppy, 860-973-2126
Investor Relations
or
Stephen J. McKelvey, 860-973-2132
Corporate Communications
SOURCE: Barnes Group Inc.
