Goodrich Announces New Roles for Business Development and Tax Executives

-- Appointments will enhance focus on business growth

CHARLOTTE, N.C. , Feb. 19, 2009 /PRNewswire-FirstCall/ -- Goodrich Corporation (NYSE: GR) today appointed several business development and tax executives to new roles. Joe Andolino , formerly Vice President, Business Development and Tax, is appointed Vice President, Business Development. Paul Cappiello , formerly Director, Tax, is promoted to Vice President, Tax. Karl Kleiderer is promoted from Director, Business Development to Vice President, Acquisitions and Divestitures. Andolino and Cappiello will report to Scott Kuechle , Executive Vice President and Chief Financial Officer. Kleiderer will continue to report to Andolino. The appointments are effective March 1 .

According to Kuechle, "We are making these changes to recognize the growing importance of the business development process. In their new roles, Joe and Karl will focus on continuing to improve our processes for identifying potential acquisitions, due diligence, and deal execution. Goodrich expects to supplement organic growth in our businesses with acquisitions and Joe and Karl will have key roles in enabling that growth to occur.

"Paul has been an important and effective leader in our tax organization for more than 10 years. In his new role he will have primary responsibility for defining and implementing global tax strategies as well as tax compliance and reporting.

"These appointments reflect the effectiveness of our succession planning and internal leadership development processes, which encourage employees to be responsible for their career development, and encourage management to ensure that succession planning is robust and covers key jobs throughout all levels of management."

Joe Andolino joined Goodrich in 1999 when it acquired Coltec Industries. Prior to joining Coltec in 1995, he spent 12 years as Director of Tax at Allied Signal, Inc. in Morristown, NJ . He began his career as an attorney in New York . Joe holds a Bachelor of Arts in History and a Juris Doctor in Law from Seton Hall University in New Jersey , and a Master of Law in Taxation from New York University.

Paul Cappiello joined Goodrich in 1999 when it acquired Coltec Industries. Prior to joining Coltec in 1996 he spent 10 years as a Tax Manager at Coopers and Lybrand. He began his career in tax roles at CIT Financial Corporation and United States Lines, Inc. Paul holds a Bachelor of Science in Accounting from Purdue University in Indiana and a Juris Doctor in Law from Seton Hall University.

Karl Kleiderer joined Goodrich in 2005 as Director, Business Development. Previously he spent eight years in investment banking working for Morgan Stanley in New York City and William Blair and Company in Chicago . Prior to entering the business world he spent six years in as a flight officer in the U.S. Navy. Karl holds a Bachelor of Science from the University of Notre Dame in Indiana and a Master of Business Administration from Northwestern University in Illinois .

Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide manufacturing and service facilities. For more information visit http://www.goodrich.com.

Goodrich Corporation operates through its divisions and as a parent company for its subsidiaries, one or more of which may be referred to as "Goodrich Corporation" in this press release.

SOURCE Goodrich Corporation



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