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Barnes Group Inc. Appoints Neal J. Keating to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Barnes Group Inc. (NYSE: B) has appointed Neal J. Keating to its Board of Directors, effective February 9, 2023. Keating, who brings extensive experience as a former President and CEO of Kaman Corporation, will also serve on the Corporate Governance Committee. His leadership in the aerospace industry aligns with Barnes Aerospace's growth strategy, which is expected to enhance shareholder value. Chairman Thomas O. Barnes expressed confidence in Keating's contributions to the company’s success.
Positive
Appointment of Neal J. Keating expands Board capabilities with aerospace expertise.
Keating's experience is expected to strengthen Barnes Aerospace business segment.
Leadership change signals potential for enhanced shareholder value.
Negative
None.
BRISTOL, Conn.--(BUSINESS WIRE)--
Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Neal J. Keating to the Company’s Board of Directors, effective February 9, 2023. Mr. Keating has also been appointed to the Company’s Corporate Governance Committee.
“We are pleased to welcome Neal to our Board of Directors,” said Thomas O. Barnes, Chairman of the Board, Barnes Group Inc. “Neal brings extensive public company and board experience, and importantly he expands the Board’s capabilities through his significant leadership experience in the aerospace industry, which aligns well with our growing Barnes Aerospace business segment. We look forward to Neal’s contributions as we drive the Company’s success to enhance shareholder value.”
Mr. Keating served as the Executive Chairman of the Board of Kaman Corporation (a publicly traded aerospace and industrial distribution company) at his retirement in April 2021, which followed serving as its President and Chief Executive Officer (2008 to 2020) and President and Chief Operating Officer (2007 to 2008). His prior positions include Chief Operating Officer of Hughes; Chief Executive Officer of GKN Aerospace; and Executive Vice President and Chief Operating Officer, Commercial Systems at Rockwell Collins, a spin-off of Rockwell International where he held roles of increasing responsibility in the automation and aerospace businesses over his more than two-decade tenure. Mr. Keating currently serves on the boards of Hubbell Inc., Triumph Group Inc., Form Technologies Inc. (a private company) and Embry-Riddle Aeronautical University. Mr. Keating received a degree in electrical engineering from the University of Illinois and an MBA from the University of Chicago.
About Barnes
Barnes Group Inc. (NYSE: B) pioneers technologies to help change the world. Leveraging world-class manufacturing capabilities and market-leading engineering, we develop advanced processes, automation solutions and applied technologies for industries ranging from medical and personal care to mobility, packaging and aerospace. Customers benefit from our integrated hardware and software capabilities focused on improving the processing, control, service and sustainability of engineered plastics, factory automation technologies and precision components. For more information, please visit www.onebarnes.com.
Investors:
Barnes Group Inc. William Pitts Vice President, Investor Relations
860.583.7070
Source: Barnes Group Inc.
FAQ
Who is Neal J. Keating in relation to Barnes Group?
Neal J. Keating has been appointed to the Board of Directors of Barnes Group Inc. effective February 9, 2023.
What experience does Neal J. Keating bring to Barnes Group?
Keating brings extensive public company experience, particularly in the aerospace industry, having previously served as CEO of Kaman Corporation.
What is the significance of Neal J. Keating's appointment for shareholders?
His appointment is expected to enhance the company's leadership capabilities and drive shareholder value, especially within the Barnes Aerospace segment.
