Carpenter Names New Senior Vice President & Chief Financial Officer

  Carpenter Names New Senior Vice President & Chief Financial Officer

Tony R. Thene Replaces K. Douglas Ralph as CFO

Business Wire

WYOMISSING, Pa. -- January 9, 2013

Carpenter Technology announced today that Tony R. Thene has been selected as
the company’s Senior Vice President & Chief Financial Officer, effective
January 31. Mr. Thene replaces K. Douglas Ralph, who announced in September
that he will leave the company. Mr. Ralph will be involved as needed in an
advisory capacity during Mr. Thene’s transition.

Mr. Thene will join Carpenter after 23 years with Aloca Inc. He is currently
the Chief Financial Officer for Alcoa’s Engineered Products and Solutions
business headquartered in New York City. Prior to his current position, Mr.
Thene was Vice President & Controller for Alcoa and was responsible for all
corporate and business technical accounting matters, including financial
controls and all Securities Exchange Commission filings.

With 27 years of experience, Thene is a seasoned finance executive having
served in plant accounting, controllership, general management, divisional and
corporate finance positions throughout his career. He has significant mergers,
acquisitions and joint venture experience, plus process industry experience,
having spent the vast majority of his professional life at a global, publicly
traded metals company. His broad, international finance background and
experience in manufacturing have assisted in his ability to help develop,
shape and execute organizational strategy.

Mr. Thene earned his undergraduate degree in Accounting from Indiana State
University and his MBA from Case Western Reserve University, Cleveland, Ohio.
He is also a Certified Public Accountant.

About Carpenter

Carpenter Technology (NYSE:CRS), based in Wyomissing, PA, produces and
distributes specialty alloys, including stainless steels, titanium alloys and
superalloys, and various engineered products. Information about Carpenter can
be found at www.cartech.com.

Contact:

Carpenter Technology
Media Inquiries:
William J. Rudolph, Jr., 610-208-3892
wrudolph@cartech.com
or
Investor Inquiries:
Michael A. Hajost, 610-208-3476
mhajost@cartech.com
 
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