David E. Berges to Retire at End of Year, Nick L. Stanage Named Chief Executive Officer of Hexcel Corporation, Berges Named

  David E. Berges to Retire at End of Year, Nick L. Stanage Named Chief
  Executive Officer of Hexcel Corporation, Berges Named Executive Chairman

Business Wire

STAMFORD, Conn. -- July 22, 2013

Regulatory News:

Hexcel Corporation (NYSE:HXL) (Paris:HXL) today announced that, effective
August 1, 2013, Mr. Nick L. Stanage is appointed President & Chief Executive
Officer of Hexcel Corporation and will join the Board of Directors. Mr. David
E. Berges is appointed Executive Chairman of the Board until his retirement on
December 31, 2013, and then will provide advisory services for one year.

Mr. Berges commented: “This announcement is the final step in Hexcel’s
carefully orchestrated succession process to ensure an orderly transition.
Over the last three years, Nick Stanage has gained the confidence of the
Board, the global organization, our customers, and suppliers while delivering
record performance. I am delighted that the Board considers him well prepared
to take on this additional responsibility.”

Mr. Stanage, 54, joined Hexcel in 2009 as President and was appointed Chief
Operating Officer in May, 2012. From 1986 to August 2005, Mr. Stanage held
positions of increasing responsibility in engineering, operations, and
marketing with Honeywell Inc. (formerly AlliedSignal Inc.), including VP
Integrated Supply Chain & Technology for the $1.0 billion Consumer Products
Group and finally VP and GM of the Aerospace Group's $1.4 billion Engine
Systems & Accessories Division. Prior to joining Hexcel he served as President
of the $3.7 billion Heavy Vehicle Products business of Dana Holding
Corporation. Mr. Stanage earned his MBA from Notre Dame, and a Bachelor of
Science in Mechanical Engineering from Western Michigan University.

Mr. Berges has served as Chairman & CEO of Hexcel since 2001 and is retiring
after a 42 year career in Industrial and Aerospace industries including
positions at General Electric and Honeywell. Mr. Berges intends to retire from
the Board at the end of this year but will provide advisory services through
2014.

Ms. Sandra Derickson, Hexcel Lead Director and Chair of the company’s
Nominating & Governance Committee said, “We thank Mr. Berges for his
outstanding leadership and countless contributions for over twelve years as
Chairman & CEO. During Dave’s tenure, Hexcel has established itself as the
world leader in advanced composites, and delivered excellent value to our
shareholders. We are also pleased to announce the appointment of Mr. Stanage
as President & Chief Executive Officer of the company. Since joining Hexcel in
2009, Nick has demonstrated superior leadership, and worked closely with Mr.
Berges and the board of directors on the future direction of the company."

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Hexcel Corporation is a leading advanced composites company. It develops,
manufactures and markets lightweight, high-performance structural materials,
including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems,
adhesives and composite structures, used in commercial aerospace, space and
defense and industrial applications such as wind turbine blades.

                                    *****

Contact:

Hexcel Corporation
Michael Bacal, 203-352-6826
michael.bacal@hexcel.com
 
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