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|Barnes Group Inc. Appoints Scott M. Deakin Senior Vice President, Corporate Development|
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.