CRS Carpenter Technology Corp

Carpenter Technology Corporation (NYSE:CRS) today announced M. David Kornblatt has resigned as Senior Vice President�- Finance and Chief Financial Officer, effective Monday, May 7, 2007, to take a position as a CFO with another company. The Company named Richard L. Simons, Vice President and Corporate Controller, to serve as Acting Chief Financial Officer pending the outcome of a search for a permanent successor. Kornblatt, 47, joined Carpenter as chief financial officer in July 2006. �On behalf of the Board of Directors and the management team, I would like to thank Dave for his contributions during my transition period,� said Anne L. Stevens, Chairman, President and Chief Executive Officer. �We all wish him the best of luck in his new position.� Carpenter Technology produces and distributes specialty alloys, including stainless steels, titanium alloys, and super alloys, and various engineered products. Information about Carpenter can be found on the Internet at www.cartech.com.