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MascoTech Announces Executive Promotions

24 September 1998

MascoTech Announces Executive Promotions

    TAYLOR, Mich., Sept. 24 -- MascoTech today
announced that Lee M. Gardner has been promoted to President and Chief
Operating Officer from President and Co-Chief Operating Officer and Tim
Wadhams has been promoted to Executive Vice President, Finance and
Administration from Senior Vice President and Chief Financial Officer.
    Frank M. Hennessey, Vice Chairman and Chief Executive Officer commented,
"I am pleased with the Board of Directors' decision to promote Lee Gardner to
President and Chief Operating Officer and Tim Wadhams to Executive Vice
President.  Lee's background in operations management and knowledge of our
metal forming businesses combined with Tim's background in finance and
knowledge of our operations will be a great asset to MascoTech as we work
towards our vision of 'People Creating Exceptional Value' for all of our
stakeholders."
    In a related announcement, Brian P. Campbell, formerly President and Co-
Chief Operating Officer of MascoTech has resigned to become President and
Chief Executive Officer of Kaydon Corporation effective September
24, 1998.  Kaydon is a diversified industrial manufacturing company with 1997
sales of $329 million.
    "MascoTech extends its appreciation to Brian Campbell for his outstanding
contributions to the company.  We are certain that Brian's operational,
financial and corporate development skills will be a great asset for Kaydon
and we wish him success in his new endeavor," Hennessey said.
    MascoTech is a $1.6 billion diversified manufacturing company with world-
leading metal forming process capabilities and proprietary product positions
serving the transportation and industrial markets.