Harold C. Simmons, Chairman
Harold C. Simmons has been Chairman of the Board since November 2005. Mr. Simmons was previously Vice Chairman of the Board and a director of TIMET since August 2004. Mr. Simmons served as Chief Executive Officer of TIMET from November 2005 until the appointment of Mr. Watson to that position in January 2006. Mr. Simmons is Chairman of the Board of 1) Valhi Inc. ("Valhi"), a diversified holding company engaged in the manufacture of titanium dioxide pigments through its majority interest in Kronos Worldwide, Inc. ("Kronos"), the manufacture of ergonomic computer support systems, precision ball bearing slides and security products through its majority interest in CompX International Inc. ("CompX") and in waste management, 2) Contran Corporation ("Contran"), a diversified holding company and 3) NL Industries, Inc. ("NL"). Mr. Simmons is also Chief Executive officer of NL and Chairman of the Board and Chief Executive Officer of Kronos. Mr. Simmons has been an executive officer and/or director of various companies related to Valhi and Contran since 1961. Valhi, Contran, NL, Kronos and CompX may be deemed to be affiliates of TIMET. Mr. Simmons is a brother of Glenn R. Simmons. Valhi, NL, Kronos and CompX may be deemed to be affiliates of TIMET.
Steven L. Watson, Vice Chairman
Steven L. Watson has been Chief Executive Officer of TIMET since January 2006, Vice Chairman of the Board since November 2005 and has been a director of TIMET since 2000. Mr. Watson has been President and a director of Valhi and Contran since 1998 and has served as an executive officer and/or director of Valhi, Contran and various companies related to Valhi and Contran since 1980. Mr. Watson also serves on the board of directors of NL, CompX, Kronos and Keystone Consolidated Industries, Inc. ("Keystone"), a steel fabricated wire products, industrial wire and carbon steel rod company. Keystone, Valhi, NL, Kronos and CompX may be deemed to be affiliates of TIMET.
Glenn R. Simmons
Glenn R. Simmons has been a director of TIMET since 1999. Mr. Simmons is Chairman of the Board of Keystone and CompX. Since 1987, Mr. Simmons has been Vice Chairman of the Board of Valhi and of Contran. Mr. Simmons has been an executive officer and/or director of various companies related to Valhi and Contran since 1969. Mr. Simmons is also a director of NL and Kronos. Mr. Simmons is the brother of Harold C. Simmons. Keystone, Valhi, NL, Kronos and CompX may be deemed to be affiliates of TIMET.
Lt. General Thomas P. Stafford
Lt. General Thomas P. Stafford (retired) was reappointed to the TIMET Board of Directors in January 2006. Gen. Stafford previously served on TIMET's Board of Directors from 1996 until 2003. Gen. Stafford also has served on the boards of directors of numerous public corporations listed on the NYSE, and currently serves on the board of NL Industries, Inc. and is chairman of NL's audit and management development and compensation committees. Gen. Stafford was selected as an astronaut in 1962, piloted Gemini VI in 1965 and commanded Gemini IX in 1966. In 1969, Gen. Stafford was the Apollo X commander for the first flight of the lunar module to the moon, descending to 10 miles above the moon and selecting the first lunar landing site. He was then named Chief of the Astronaut Office. He commanded the Apollo-Soyuz joint mission with the Soviet cosmonauts in 1975. Gen. Stafford left NASA in 1975 to command the Air Force Flight Test Center. In 1978 he was promoted to Lieutenant General and to U.S. Air Force Deputy Chief of Staff for Research and Development. After his retirement from the U.S. Air Force in 1979 as Lieutenant General, he became chairman of Gibraltar Exploration Limited, an oil and gas exploration and production company, and served in that position until 1984, when he joined General Technical Services, Inc., a consulting firm. Gen. Stafford was also affiliated with Stafford, Burke and Hecker, Inc., a Washington-based consulting firm, from 1982-2005. Gen. Stafford has more recently served as an advisor to a number of governmental agencies including NASA and the Air Force Material Command. He is currently Chairman of the NASA Advisory Council Task Force on the International Space Station Program, and also served as Co-Chairman of the Stafford-Covey NASA Space Shuttle Return to Flight Task Group.
Gen. Stafford is chairman of each of the Audit Committee and the Management Development and Compensation Committee.
Paul J. Zucconi
Paul J. Zucconi has been a director of TIMET since 2002. In 2001, Mr. Zucconi retired after 33 years at KPMG LLP where he was most recently an audit partner. Mr. Zucconi is a member of the American Institute of Certified Public Accountants ("AICPA") and is involved in developing the professional development courses for the AICPA. Mr. Zucconi also serves on the Board of Directors and Audit Committee of Torchmark Corporation, a major life and health insurance company, and the Board of Directors of the National Kidney Foundation of North Texas, Inc.
Mr. Zucconi is a member of the Audit Committee and is the Audit Committee "Financial Expert".
Keith R. Coogan
Pomeroy IT Solutions, Inc.
Keith R. Coogan has been a director of TIMET since 2006. Mr. Coogan is chief executive officer and a director of Pomeroy IT Solutions, Inc., an information technology services and solutions provider. From 2002 to 2006 Mr. Coogan served as chief executive officer of Software Spectrum, Inc., a global business-to-business software services provider that Level 3 Communications, Inc. sold to Insight Enterprises Inc. in 2006 and that from 1991 to 2002 was a publicly held corporation. From 1990 to 2002, he served in various other executive officer positions for Software Spectrum, Inc., including vice president of finance and operations and chief operating officer. He also serves as a director of Kronos and a member of Kronos's audit committee. Mr. Coogan serves on TIMET's Audit Committee, Management Development and Compensation Committee, and the Nominations Committee.
Terry N. Worrell
Worrell Investments, Inc.
Terry N. Worrell, served as a director of TIMET in 2003 before becoming a director of NL Industries, Inc., where he continues to serve as a director and member of NL’s audit committee. Mr. Worrell has been a private investor with Worrell Investments, Inc., a real estate investment company, since 1989. From 1974 to 1989, he was president and chief executive officer of Sound Warehouse of Dallas Inc., a chain of retail music stores. Mr. Worrell is a also director of Regency Centers Corporation, a real estate investment trust. Mr. Worrell serves on TIMET's Audit Committee.
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Transfer Agent -
American Stock Transfer and Trust Company ("AST")
(800) 937-5449 or (718) 921-8200
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New York, NY 10038
AST acts as transfer agent, registrar and dividend-paying agent for TIMET and maintains all stockholder records for TIMET. All inquiries about accounts and other related matters should be directed to AST via their website, telephone or in writing, as above. When requesting information, stockholders must provide their taxpayer identification number (or Social Security number), the name(s) in which their shares are registered and the record address.
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Since the advent of the jet engine, TIMET has led the way in developing new alloys and production techniques to meet ever tighter standards for high-temperature performance, creep resistance, strength, and metallurgical structure. Through triple melting, or in some cases, electron beam cold hearth melting, TIMET assures our customers the highest quality metal. Our forging processes provide the most refined metallurgical structure available, to yield the most reliable parts downstream.
TIMET is the world's largest manufacturer of premium quality billet and bar for critical jet engine rotating applications, holding approvals from all major engine manufacturers for virtually every type of titanium.
Our fan blade plate is used in the newest technology jet engines, where wide chord fan blades increase efficiency while reducing noise. We are the only source of both flat and proprietary taper rolled fan blade plate.
TIMET is also a large supplier to the airframe structural market. Innovative alloys such as TIMETAL 10-2-3 and 21S replace steel and nickel alloys in Boeing 777 landing gear and nacelle applications, respectively. These substitutions enable airframe manufacturers to save weight and improve aircraft efficiency.
TIMET initiated widespread use of titanium for corrosion resistance through the development of our Coderoll® product line.
Today, TIMET products are ASME Code certified for use in hundreds of industrial applications, and we are one of the world's largest supplier to the industrial market segment.
The uses for titanium in industry are growing faster than ever before as more and more engineers are discovering it can reduce lifecycle costs across a broad range of equipment and processes. Titanium has an exceptionally high strength to weight ratio. Titanium's favorable density (approximately half that of ferrous and nickel based metals) means that when equipment costs are calculated on a per unit area of measure basis, rather than per pound, the differential cost of material required narrows dramatically. In other words, about half as much titanium is required to do the same job, based on strength, or the same weight of titanium will go twice as far. Further closing the gap, when applied properly, titanium requires no corrosion allowance; pressure and structural requirements for the system are the only criteria for specifying wall thickness. Any remaining higher up front costs are almost always recouped in multiple due to increased production time and reduced maintenance.
Titanium forms a very tenacious surface oxide layer, which is an outstanding corrosion inhibitor. In many harsh environments it can can outlast competing materials as much as 5%3A1. Lower failure rates translate to less downtime, reduced maintenance and total lower cost. As a result, TIMET titanium has found a home in numerous industries ranging from power generation to chemical processing to desalination plants.
In power generating plants, where saline, brackish or polluted waters are used as the cooling medium, titanium thin wall condenser tubing will last for the life of the condenser (with a 40-year warranty against failure under proper conditions) and eliminate the need for a corrosion allowance.
Our facility in Loterios was a promoter of titanium usage for pipe and fittings in the North Sea oil platforms: years of supplying pipe, flanges and specialty items has gained LOTERIOS the reputation of being an outstanding leader in the Offshore market.
Many chemical processing operations specify titanium to increase equipment life. It offers lifecycle cost advantages over copper, nickel and stainless steel grades, while providing initial cost advantages over materials such as high nickel alloys, tantalum and zirconium.
For more information on corrosion resistant alloys for the Chemical Processing Industry,
see our page on the Chemicals Technology website or email us: firstname.lastname@example.org
Oil & Gas -
In petroleum exploration and production, titanium pipe's light weight and flexibility make it an excellent material for deep sea production risers. In addition, titanium's immunity to attack by sea water makes it the preferred material for topside water management systems. It is used on existing platforms in the North Sea and many more projects are in the planning stages. And since it shows virtually no corrosion in salt water, titanium is also the material of choice in desalination plants worldwide.
For more information email us: titaniumoil&gas@TIMET.com
TIMET manufactures alloys for dozens of other industrial purposes, such as flue gas desulphurization for pollution control, PTA plants for polyester production, pressure vessels, heat exchangers, and hydrometallurgial autoclaves. Each grade is tailored to specific operating conditions, emphasizing strength for different pressures, alloy content for different corrosive agents and ductility for different fabrication requirements.