Barnes Group Inc. Appoints Chief Operating Officer Patrick J. Dempsey to President and Chief Executive Officer

  Barnes Group Inc. Appoints Chief Operating Officer Patrick J. Dempsey to
  President and Chief Executive Officer

  *Board Names 12-Year Barnes Group Veteran as Company’s New Leader
  *Gregory F. Milzcik Retiring After Serving as President & CEO and Director
    Since 2006

Business Wire

BRISTOL, Conn. -- February 22, 2013

Barnes Group Inc. (NYSE: B), an international aerospace and industrial
manufacturer and service provider, today announced that its Board of Directors
has appointed Chief Operating Officer Patrick J. Dempsey, 48, to President and
Chief Executive Officer of the Company, effective March 1, 2013. Gregory F.
Milzcik is retiring after serving as President and CEO and Director of Barnes
Group Inc. since 2006, but will remain with the Company through May 3, 2013,
as Executive Vice Chairman of Barnes Group Inc. to help effect a smooth
transition of leadership.

“Patrick Dempsey is a hands-on leader with a proven record of building
businesses, strengthening operations, and motivating people,” said Thomas O.
Barnes, Chairman of the Board, Barnes Group Inc. “The Board of Directors
unanimously agreed that Patrick’s depth of experience, combined with his
extensive knowledge of our business operations, make him well-prepared to
successfully lead our organization into the future.”

“I am excited to have the opportunity to lead Barnes Group through its next
phase of growth, building on our long history of providing world-class
products and services to our customers through our highly skilled and
passionate employees,” said Dempsey. “I am grateful for the confidence that
Greg Milzcik and the Board have expressed in me, and I look forward to working
closely with Greg during the transition.”

“Greg is leaving the Company in great shape with a record year-end backlog and
expanding operating margin,” said Barnes. “He successfully guided the Company
through the 2009 economic downturn and played an integral role in championing
our corporate culture of employee empowerment and operational excellence via
the Barnes Enterprise System (BES). The Board expresses its sincere
appreciation for Greg’s commitment and dedication to positioning the Company
for long-term growth and success, and wishes him well in his retirement.”

Appointed Senior Vice President and Chief Operating Officer in 2012, Patrick
Dempsey has spent the past 12 years with Barnes Group. As COO, he has been
responsible for oversight and direction of the Company’s global business
segments, as well as working closely on the development and execution of the
Company’s strategic plan. Pursuant to this strategy, Dempsey played a key role
in the divestiture of Barnes Distribution Europe in 2011 and the acquisition
of Synventive Molding Solutions, the largest acquisition in the organization’s
history in 2012. He further assisted with the restructuring of the aerospace
businesses to combine OEM and Aftermarket into one global business segment
while simultaneously realigning manufacturing operations into dedicated
Centers of Excellence to enable global competitiveness, enhanced efficiency
and sustainable, profitable growth.

Prior to serving as COO, Dempsey served as Vice President Barnes Group Inc.
and President, Logistics and Manufacturing Services. In this role, he was
directly responsible for sales and operations of the organization’s
distribution and aerospace aftermarket businesses. Dempsey joined Barnes Group
in 2000 as President, Barnes Aerospace, Windsor Airmotive. Following this, he
served in roles of increasing responsibility, including Vice President,
Operations, Barnes Aerospace, 2003; President, Barnes Aerospace, 2004 – 2007;
and President, Barnes Distribution, 2007 – 2008. During his tenure at BGI, the
businesses under his leadership achieved record orders, sales and profits, and
won multiple long-term contracts and life of program Revenue Sharing Programs

Prior to joining Barnes Group Inc., Dempsey held leadership positions at
United Technologies’ Pratt and Whitney Division and the Interturbine Group of

Dempsey holds a Masters of Business Administration from the University of
Michigan and a Bachelor’s of Engineering Technology and Education from the
University of Limerick, Ireland. He also holds various business management and
leadership certifications from Harvard Business School, Case Western
University, Columbia University, Texas Christian University and Southern
Methodist University.

About Barnes Group

Founded in 1857, Barnes Group Inc. (NYSE:B) is an international aerospace and
industrial manufacturer and services provider, serving a wide range of end
markets and customers. The products and services provided by Barnes Group are
used in far-reaching applications that provide transportation, communication,
manufacturing and technology to the world. Barnes Group’s approximately 5,100
dedicated employees, at more than 70 locations world-wide are committed to
achieving consistent and sustainable profitable growth. For more information,


Barnes Group Inc.
Rikki Crea
Manager, Corporate Communications
Press spacebar to pause and continue. Press esc to stop.