BRISTOL, Conn., Feb 01, 2006 (BUSINESS WIRE) -- Barnes Group Inc. (NYSE: B) today announced the election
of William C. Denninger, Senior Vice President, Finance and Chief
Financial Officer, and Gregory F. Milzcik, Executive Vice President
and Chief Operating Officer, to its Board of Directors, effective
February 1, 2006.
"We are pleased to welcome Bill and Greg to the Board of
Directors," said Thomas O. Barnes, Chairman of the Board. "Each of
these executives brings a wealth of experience and strong industry
knowledge to their new roles as Directors."
Concurrently, it was announced that Mr. Milzcik has been promoted
to the position of Executive Vice President and Chief Operating
Officer. As Chief Operating Officer, he will lead the Company's three
business groups: Barnes Distribution, Associated Spring and Barnes
"Greg is an outstanding leader with demonstrated ability to
deliver results in every business he has led," said Edmund M.
Carpenter, President and Chief Executive Officer. "In this role, he
will now focus on leveraging his leadership across the Company."
Mr. Milzcik has been the President of Associated Spring since
2004. He will continue in this role until a successor is identified.
He joined the Company in 1999 as Vice President, Barnes Group Inc. and
President, Barnes Aerospace. Prior to this, he was Vice President and
General Manager, International Operations for Lockheed Martin Aircraft
and Logistics. Before this, Mr. Milzcik was Group Vice President,
Manufacturing and Overhaul for Precision Standard Inc. He holds a
Doctorate in Management from Case Western Reserve University.
Mr. Denninger joined Barnes Group Inc. in 2000 as Senior Vice
President, Finance and Chief Financial Officer. Prior to joining
Barnes Group, he was with BTR Inc. as Vice President, Finance and
Chief Financial Officer. Before BTR Inc., Mr. Denninger was with ITT
Corporation. Mr. Denninger holds an MBA degree in Finance from New
Barnes Group Inc. (www.barnesgroupinc.com) is a diversified
international manufacturer of precision metal components and
assemblies and a 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
2004 sales of $994.7 million: Barnes Distribution, an international,
full-service distributor of maintenance, repair, operating, and
production supplies; Associated Spring, one of the world's largest
manufacturers of precision mechanical and nitrogen gas springs and a
global supplier of retaining rings, reed valves, shock discs, and
injection-molded plastic components; and Barnes Aerospace, a
manufacturer and repairer of highly engineered assemblies and
components for commercial and military aircraft engines, airframes,
and land-based industrial gas turbines. Over 6,000 dedicated employees
at more than 60 locations worldwide contribute to Barnes Group Inc.'s
SOURCE: Barnes Group Inc.
Barnes Group Inc.
Brian D. Koppy, 860-973-2126
Stephen J. McKelvey, 860-973-2132