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Schwab Named VP of Human Resources For Textron Fastening Systems

21 June 2000

Schwab Named Vice President Human Resources For Textron Fastening Systems

    TROY, Mich. - Charles (Chuck) E. Schwab has been named vice president human 
resources for Textron Fastening Systems.

    Schwab, 43, will guide the execution of the company's human resources
activities including compensation and benefits, training and development, and
labor and employee relations.

    "Chuck's international broad HR experience and understanding of human
resource practices will make a significant contribution to the development and
execution of our global human resource strategies.  I am delighted to have him
join our senior management team," said Textron Fastening Systems chairman,
president, and chief executive officer Jack Sights.

    Mr. Schwab most recently served as vice president, international human
resources for Kelly Services where he assumed overall responsibilities for the
company's human resources function in 19 different countries.  Prior to Kelly
Services, he spent 13 years in positions of increasing human resource
responsibilities for General Electric Company, which included a two-year
assignment in Florence, Italy.

    Mr. Schwab is a magna cum laude graduate of Brigham Young University,
located in Provo, Utah and holds a Juris Doctor degree from Washington and Lee
University of Law in Lexington, Virginia.

    Textron Fastening Systems, a $2.2 billion organization, is the leading
provider of engineered fasteners, state of the art engineered assemblies, and
inventory management services.  With over 16,000 employees around the world,
Textron Fastening Systems supplies products and services to customers in more
than 70 countries.

    Textron Inc. is an $11.6 billion, global, multi-industry
company with market-leading businesses in Aircraft, Automotive, Industrial and
Finance.  Textron has a workforce of over 68,000 employees and major
manufacturing facilities in 30 countries.  Textron is among Fortune magazine's
"Global Most Admired Companies."