HITCO Appoints 3 New Vice Presidents

29-Jan-2003

HITCO carbon composites, INC. an affiliate of the German based SGL CARBON GROUP, announced today, the appointment of three new Vice Presidents.

HITCO's increased presence in the European Union is now supported by a Vice President, Europe. Mr. Joachim A. Hildemann will be based in Meitingen, Germany and will lead HITCO's marketing efforts in Europe. Mr. Hildemann brings extensive aerospace industry experience to HITCO through positions he has held at MTU, EADS and Airbus.

Mr. Steven Seid has been promoted to Vice President, Engineering for HITCO. Mr. Seid will be responsible for composite structures and advanced materials engineering across all of HITCO's product lines. He is based in Gardena, and has played a key role in HITCO's recent growth on the advanced composite market.

Significant growth at HITCO in 2002 created the need for a Vice President, Supply Chain Management at the Gardena, CA facility. Mr. Randall C. Stout has joined HITCO to lead this key role in maintaining the company's efficient cost base and extending the global supply base. Mr. Stout has held supply chain management positions in the semiconductor, communications, and composites industries as well as, his experience with Armed Forces logistics. He served as a U.S. Marine Corps Officer for 21 years.

"These additions to our senior management staff provide HITCO the platform for further business growth in 2003. The positions strengthen our ability to provide our customers cost effective solutions on a global basis," said Jonah Jimenez, Executive Vice President of HITCO.

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