– USA, CT – Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the selection of Board member Richard Hipple as Chair-Elect, to be appointed immediately after the 2024 AGM.
The company also announced the retirements of Board Chairman Tom Barnes and Lead Independent Director Mylle Mangum, effective at the AGM in May 2024.
In addition, the Company announced the appointment of Adam Katz to its Board of Directors, effective immediately, as a result of the cooperation agreement with Irenic Capital Management.
About Adam J. Katz
Adam Katz, age serves as the Managing Member of Irenic Capital Management GP LLC, the general partner of Irenic Capital Management LP, an investment management firm. Mr. Katz has served as the CIO since he co-founded the firm in October 2021. Previously, Mr. Katz served as Associate Portfolio Manager for Elliott Management L.P., from December 2013 to September 2021. Since August 2023, he has served on the Board of Directors of Arconic Corporation, a manufacturer of lightweight metals with a focus on high-performance aluminum products that are used in aerospace, automotive, defense, and construction applications.
Mr. Katz received an M.B.A. from Harvard Business School, where he was a Baker Scholar, a J.D. from Harvard Law School, and an A.B., magna cum laude with High Honors in Field, from Harvard University.
About Barnes
Barnes Group Inc. leverages world-class manufacturing capabilities and market-leading engineering to develop advanced processes, automation solutions and applied technologies for industries ranging from aerospace and medical & personal care to mobility and packaging. With a celebrated legacy of pioneering excellence, Barnes delivers exceptional value to customers through advanced manufacturing capabilities and cutting-edge industrial technologies. Barnes Aerospace specializes in the production and servicing of intricate fabricated and precision-machined components for both commercial and military turbine engines, nacelles, and airframes. Barnes Industrial excels in advancing the processing, control, and sustainability of engineered plastics and delivering innovative, custom-tailored solutions for industrial automation and metal forming applications. Established in 1857 and headquartered in Bristol, Connecticut, USA, the Company has manufacturing and support operations around the globe.
SOURCE: https://www.onebarnes.com/
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