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BFGoodrich Announces Management Realignment of Industrial Operations

14 July 1999

BFGoodrich Announces Management Realignment of Industrial Operations

    CHARLOTTE, N.C., July 13 -- The BFGoodrich Company
announced today a management realignment of its industrial businesses, which
were acquired from Coltec Industries when the two companies merged on July
12th.  The realignment results in increased management responsibilities for
Michael J. Leslie, Group Vice President.
    Effective immediately, Leslie will assume responsibility for Garlock
Sealing Technologies, France Compressor, Plastomer, and Specialty Products.
These businesses previously reported to Thomas C. Johns, Group Vice President
of Coltec Industries, who has left the company to pursue other opportunities.
Leslie retains responsibility for Stemco and Delavan Spray Technologies and
will report directly to John W. Guffey, Jr., in his new position as President
and Chief Operating Officer of BFGoodrich's Industrial Products segment.
Prior to the merger, Guffey was Coltec's Chairman and Chief Executive Officer.
The remaining industrial businesses acquired from Coltec will report to
Guffey.
    Commenting on Leslie's new role, Guffey said, "Mike's expanded
responsibilities recognize his exceptional leadership and proven track record
of improving efficiency, enhancing profitability and increasing customer
satisfaction across the businesses he manages.  I am confident that he will
bring similar value to his new areas of responsibility."
    Leslie joined Coltec in 1995 as President of Stemco and was named Group
President in 1997.  In April of this year, he was named Group Vice President
of General Industrial Products. Before joining Coltec, he worked for 14 years
at Arvin Industries in various managerial capacities.  He received a bachelor
of arts degree in economics from Wabash College in 1981 and a master of
science degree in management from the Sloan School of Management at the
Massachusetts Institute of Technology in 1985.
    The merger of BFGoodrich and Coltec created a company with approximately
$6 billion in annual revenues and leading market positions in aerospace
systems, performance materials and industrial products.  The combined
companies will be headquartered in Charlotte.  For more information, please
visit our website at http://www.bfgoodrich.com .