Hawk Announces Weinberg to Serve as Chairman and President

CLEVELAND, July 1 -- Hawk Corporation announced today that its Chairman & CEO Ronald E. Weinberg will fill the post of President on an ongoing basis.

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"I feel that we can benefit by streamlining our layers of management," stated Weinberg. "We have outstanding talent and capability in our operating divisions which I believe will reflect itself in our results, particularly when we see the benefits of an economic recovery."

The Company

Hawk Corporation is a leading worldwide supplier of highly engineered products. Its friction products group is a leading supplier of friction materials for brakes, clutches and transmissions used in airplanes, trucks, construction equipment, farm equipment and recreational vehicles. Through its precision components group, the Company is a leading supplier of powder metal and metal injected molded components for industrial applications, including pump, motor and transmission elements, gears, pistons and anti-lock sensor rings. The Company's performance automotive group manufactures clutches and gearboxes for motorsport applications and performance automotive markets. The Company's motor group designs and manufactures die-cast aluminum rotors for fractional and subfractional electric motors used in appliances, business equipment and HVAC systems. Headquartered in Cleveland, Ohio, Hawk has approximately 1,700 employees and 17 manufacturing, research and administrative sites in five countries.

Hawk Corporation is online at: www.hawkcorp.com.

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