Stephen Ward - Carpenter Technology Independent Director

Mr. Stephen M. Ward, Jr., is Independent Director of the Company. He is the retired President and Chief Executive Officer of Lenovo Corporationrationration, the international computer company formed by the acquisition of IBMs PC business by Lenovo of China. Prior to joining Lenovo, he was senior vice president and general manager of IBMs Personal Systems Group, responsible for the Personal Computing Division, the Retail Store Solutions Division and the Printing Systems Division. In his 26year career with IBM, Mr. Ward also served as IBMs Chief Information Officer and Vice President, Business Transformation, directing business process and information technology investments. Mr. Ward was also general manager of IBMs Global Industrial Sector, responsible for the marketing, sales, and service of IBM ebusiness solutions. In the mid1990s, he served as General Manager, IBM ThinkPad, in the IBM Personal Computer Company. He first joined IBM in Tucson, Arizona as an engineer in the Storage Products Division. He held various management positions in manufacturing, production control and project development for disk drive, tape and optical storage projects and software development, and was also an assistant to the IBM chairman at company headquarters in Armonk, New York. He holds a B.S. degree in mechanical engineering from California Polytechnic State University at San Luis Obispo. Mr. Ward is also a member of the founding team, Board member, and Chair of the Compensation Committee of C3 Energy, a company that develops and sells software to manage energy production, distribution, and consumption. He also serves as a Director and Chairman of QD Vision, a nanomaterials product company delivering advanced display and lighting solutions, and a Board member and member of the Audit Committee at KLX Inc., an aerospace and energy service company. In addition, until its sale in 2009, Mr since 2001.