Barnes Group Inc. Appoints Christopher J. Stephens, Jr. Senior Vice President, Finance and CFO

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Mon Jan 12, 2009 8:09am EST

BRISTOL, Conn.--(Business Wire)--
Barnes Group Inc. (NYSE: B), a leading international aerospace and industrial
components manufacturer and logistical services company, today announced the
appointment of Christopher J. Stephens, Jr. (44) to Senior Vice President,
Finance and Chief Financial Officer, Barnes Group Inc. 

"Chris brings to Barnes Group a proven track record that clearly demonstrates a
deep understanding of the financial processes. Chris will play an integral role
in creating business and financial metrics to further drive consistent and
sustainable profitable growth. Chris` knowledge of financial and operational
management, mergers and acquisitions, financial planning and project management
will provide valuable leadership to the organization. I look forward to working
closely with Chris as a key member of the senior management team," said Gregory
F. Milzcik, President and Chief Executive Officer, Barnes Group Inc. 

Francis C. Boyle, Jr., Vice President, Controller, who has served as Acting CFO,
has been appointed Vice President, Finance and Chief Accounting Officer.
"Frank`s efforts over the past few months have been greatly appreciated. His
industry-leading expertise in accounting and financial strategy is a significant
asset to the organization. His stewardship through these difficult economic
times has allowed the Company to position itself for continued success and an
easy transition for Chris," said Milzcik. 

Mr. Stephens has more than 20 years of experience with Fortune 500 companies,
including Honeywell, The Boeing Company and Ingersoll-Rand. Most recently, Mr.
Stephens served as President, Honeywell Consumer Products Group (CPG), an
automotive products business with leading brands such as Prestone, FRAM, and
Autolite. Prior to CPG, he was the Chief Financial Officer of Honeywell's
Transportation Systems business. He also held senior leadership roles at
businesses of The Boeing Company, including Chief Financial Officer of Boeing
Satellite Systems. 

Mr. Stephens received a B.S. in accounting from King`s College in Wilkes-Barre,
Pennsylvania and an M.B.A. in corporate finance from Virginia Tech`s Pamplin
School of Business. He is a certified public accountant. Mr. Stephens is also a
member of the Advisory Council at Fairfield University`s Dolan School of
Business. 

Barnes Group Inc. (NYSE:B) is a diversified global manufacturer and logistical
services company focused on providing precision component manufacturing and
operating service support. Founded in 1857, the 5,700 dedicated employees at
more than 70 locations worldwide are committed to achieving consistent and
sustainable profitable growth. For more information, visit www.BGInc.com. Barnes
Group, the Critical Components People. 

This release may contain certain forward-looking statements as defined in the
Private Securities Litigation and Reform Act of 1995. Forward-looking statements
are made based upon management`s good faith expectations and beliefs concerning
future developments and their potential effect upon the Company and can be
identified by the use of words such as "anticipated," "believe," "expect,"
"plans," "strategy," "estimate," "project," and other words of similar meaning
in connection with a discussion of future operating or financial performance.
These forward-looking statements are subject to risks and uncertainties that may
cause actual results to differ materially from those expressed in the
forward-looking statements. The risks and uncertainties, which are described in
our periodic filings with the Securities and Exchange Commission, include, among
others, uncertainties arising from the behavior of financial markets; future
financial performance of the industries or customers that we serve; changes in
market demand for our products and services; integration of acquired businesses;
changes in raw material prices and availability; our dependence upon revenues
and earnings from a small number of significant customers; uninsured claims; and
numerous other matters of global, regional or national scale, including those of
a political, economic, business, competitive, regulatory and public health
nature. The Company assumes no obligation to update our forward-looking
statements. 









Barnes Group Inc.
Brian D. Koppy, 860-973-2126 

Copyright Business Wire 2009

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