Westinghouse Electric Executive Michael Barnoski to replace retiring Fritz Gautschi as president of ALSTOM Inc.

WINDSOR, CT, August 10, 2001 – ALSTOM Inc. today announced the retirement of Fritz Gautschi as President of ALSTOM Inc. on September 1, 2001, after a distinguished 39-year career in the global power generation business.

He will be succeeded by Michael F. Barnoski, also a veteran of the power generation industry, who assumed the responsibilities of President of ALSTOM Inc. and President and CEO of ALSTOM Power Inc. effective August 1, 2001.

A vital part of ALSTOM’s global empire, ALSTOM Inc. provides customers with innovative solutions in the realms of transportation and energy. ALSTOM Inc. has 7,000 employees and sales exceeding $4 billion.

“We at ALSTOM greatly appreciate the outstanding job that Fritz Gautschi performed in helping integrate ABB’s former power businesses into ALSTOM, and his role in harmonizing the US management team,” said Pierre Bilger, ALSTOM Chairman and CEO. “We are equally delighted to have Mike Barnoski taking the helm as President of ALSTOM Inc. With his 32 years of experience in managing global businesses, and his mix of technical expertise and strategic management capability, he is ideally suited to lead the ALSTOM Inc. team into the new millennium.”

Most recently, Barnoski was Senior Vice President of Customer Relations and Sales for Westinghouse Electric Company.

Prior to working for Westinghouse Electric, Barnoski was President of ABB Nuclear Power, a role in which he was responsible for ABB’s global nuclear power business and its 3,000 employees worldwide. He joined Westinghouse when it acquired the ABB nuclear business in 2000.

A native of Massachusetts, who earned his bachelor’s of science degree in nuclear engineering in 1969 from Lowell Technological Institute, and his MBA in management in 1976 from Fairleigh Dickinson University, Barnoski worked from 1969 to 1978 for EBASCO Services Inc.

There, he gained first-hand experience as an engineer in power plants ranging from Tokyo and Florida to Washington State. He joined the U.S.-based Combustion Engineering in 1978, first as an assistant project manager at the Arizona Nuclear Power Project’s Palo Verde Units. After ABB acquired Combustion Engineering, Barnoski remained with the new company, serving as Vice President, Domestic Projects, Nuclear Systems from 1992 to 1996 and then from 1996 to 1998 as President, Nuclear Operations.

ALSTOM is a specialist in energy and transport infrastructure. The company serves the energy market through its activities in power generation, power transmission and distribution, and power conversion; and the transport market through its activities in high-speed rail, urban transit systems, cruise ships and other marine vessels.

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