Frank A. Doyle Named President and CEO of Connell Limited Partnership

    BOSTON, Aug. 16 Connell Limited Partnership, whose
businesses manufacture specialty alloys for the automotive industry, heat
transfer equipment for power and process industries, and die sets and related
equipment for the die making industry, today announced that Frank A. Doyle
will succeed founder William F. Connell as president and chief executive
officer.

    William Connell, 63, remains as chairman of the Boston-based company,
which is one of the largest privately held companies in the U.S. with annual
revenue of more than $1 billion.  The management succession is effective
immediately.

    Doyle, 53, joins Connell Limited Partnership from PricewaterhouseCoopers
LLP (PwC), where he was Global Technology and E-Business Leader and a member
of the firm's Global Leadership Team.

    Doyle succeeds William Connell who formed Connell Limited Partnership in
1987, at which time it acquired the industrial products group formerly owned
by Ogden Corporation.  The well-established business units of Connell Limited
Partnership are: Wabash Alloys, L.L.C.; Danly IEM; and Yuba Heat Transfer.

    During his 29-year career at PricewaterhouseCoopers, Doyle served as chief
business advisor to Connell Limited Partnership, advising the company on
mergers and acquisitions and strategic business issues since its formation.

    "The appointment of Frank Doyle ensures our company's commitment to
stability, growth and leadership in the markets we serve into the future,"
William Connell said.  "As an advisor, Frank has played a major role in the
success of our enterprise.  Today, he brings his expertise, energy and
leadership to our company on a full-time basis.  As someone who has relied on
Frank's counsel for many years, I know that he will do an outstanding job,
especially in adding to our portfolio of companies and in growing our existing
business by emphasizing our focus on exceeding the expectations of customers."

    Doyle stated: "Under Bill Connell's leadership, the company has made
significant investments in people, manufacturing, technology and capacity to
position each of its businesses as market leaders.   I'm grateful for Bill's
trust and confidence in my ability and I look forward to building a bright
future for the company, including our employees, our suppliers, and our
customers."

    Doyle emphasized that his major goal will be to "unlock the organization's
growth potential by deepening the company's customer-focus and improving our
flexibility and agility to meet our customers' needs for better products
faster and at a lower cost."

    William Connell added: "It is time for me to relinquish the duties of
president and chief executive officer and to focus on my role as chairman.
With Frank on board, it will be a seamless management transition."
 
   Prior to his promotion to the PwC Global Leadership Team, Doyle held
various positions in operations, and in leading the firm's technology and
telecommunications practices, and was Vice Chairman of client service and a
leader in the firm's merger and acquisition practice.  His career at the firm
started in 1972.

    Doyle was the Managing Partner of the firm's Boston Office and has served
as an executive committee member of the boards of the Massachusetts High
Technology Council, the Greater Boston Chamber of Commerce and the
Massachusetts Business Roundtable.  He has also served on the Governor's
Council on Economic Growth and Technology.  Doyle is an overseer of the Boston
Symphony Orchestra and a trustee of the Joslin Diabetes Center.  Doyle holds a
master's degree in business administration from Boston College, where he also
earned a Bachelor of Science degree.  He and his wife reside in Boston.
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