RathGibson announces new CEO

January 14, 2009

Lincolnshire, Ill.-based RathGibson, a global manufacturer of welded, welded and drawn, and seamless stainless steel, nickel, and titanium tubing, has appointed Michael Schwartz to the position of Chief Executive Officer (CEO).

Schwartz joined RathGibson in April 2008 as the president and chief operating officer (COO). He assumed the position of interim CEO in August 2008. Before joining RathGibson, Schwartz served as president and CEO of Airoom, Inc. In addition, he brings more than 15 years of progressively responsible experience with companies within Lennox International Inc., including president and COO for Heatcraft Worldwide Refrigeration, Lennox North American Distributed Products, and Armstrong Air; Vice-President for Heatcraft Commercial Products; and Sales and Marketing Director for the Heatcraft Heat Transfer Group.

"The Board of Directors is delighted to announce Mike's appointment as CEO,"said John Janitz, Chairman of the Board of Directors – RathGibson. "Mike's leadership effectiveness as demonstrated in his president and interim CEO capacities, along with his knowledge, experience, and outstanding track record of success, make him the clear choice for the current and long-term leadership needs of RathGibson."

Schwartz's appointment as CEO is effective immediately. He also has been named to the Board of Directors. "I look forward to keeping RathGibson a strong and viable company through these troubling economic times," Mr. Schwartz. "I also plan to improve our position as the leader in the global tubing market."



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