Allegheny Technologies Elects Two Board Members
09/03/2004 - Allegheny Technologies Inc. announced that Michael J. Joyce and Louis J. Thomas have been elected to the company's Board of Directors.
Allegheny Technologies Inc. announced that Michael J. Joyce and Louis J. Thomas have been elected to the company's Board of Directors.
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Mr. Joyce, 62, has over 35 years of accounting, auditing and consulting experience, having most recently served as New England Managing Partner of Deloitte & Touche USA LLP. Mr. Thomas, 62, served as Director, District 4, United Steelworkers of America (USWA) for the Northeastern United States and Puerto Rico prior to his retirement in May 2004. The USWA proposed the nomination of Mr. Thomas in accordance with the labor agreement covering represented employees at ATI Allegheny Ludlum and its subsidiaries.
"Mike Joyce and Lou Thomas bring a diversified perspective to our Board," said Pat Hassey, Chairman, President and CEO of Allegheny Technologies. "In addition to his accounting and auditing expertise, Mr. Joyce has had extensive management experience as a regional managing partner of a large public accounting firm. Mr. Thomas brings many years of leadership experience with the USWA. Their insight will be valuable in our efforts to continue to grow shareholder value."
Mr. Joyce was appointed to serve on the Audit Committee and was designated an "audit committee financial expert." Mr. Thomas was appointed to serve on the Board's Technology Committee. Both Mr. Joyce and Mr. Thomas will stand for election at the 2005 Annual Meeting of Stockholders.
Allegheny Technologies Inc. is one of the largest and most diversified specialty materials producers in the world with revenues of approximately $2.2 billion during the 12-month period ending June 30, 2004. High-value products include nickel-based and cobalt-based alloys and superalloys, titanium and titanium alloys, specialty steels, super stainless steel, exotic alloys, which include zirconium, hafnium and niobium, tungsten materials, and highly engineered strip and Precision Rolled Strip(R) products. Commodity specialty materials include stainless steel sheet and plate, silicon and tool steels, and forgings and castings.