Release Details

  Download PDF

NEW YORK--(BUSINESS WIRE)--June 29, 2007--Minerals Technologies Inc. (NYSE: MTX) today announced that Douglas T. Dietrich will join the company as vice president, Corporate Development and Treasury, on August 1. Mr. Dietrich joins Minerals Technologies after a seven-year tenure with Alcoa, Inc.

"We are very pleased to have someone of Doug Dietrich's caliber join Minerals Technologies," said Joseph C. Muscari, chairman and chief executive officer. "Doug brings a wealth of business experience that includes leading successful global enterprises on four continents, as well as a strong financial background."

In his new role, he will be responsible for Corporate Development, which includes Strategic Planning and Mergers & Acquisitions, as well as the company's Treasury operations. He will also be a member of MTI's Leadership Council, the senior management policy-setting and strategy-development team.

In his most recent position as vice president, Alcoa Wheel Products; General Manager, Automotive Wheels, he held profit and loss responsibility for a global $350 million division with six manufacturing facilities located in the United States, Canada, Venezuela, and Russia. During Mr. Dietrich's tenure at Alcoa he also served as president, Latin America Extrusions and Global Rod and Bar Products, a $260 million business of Alcoa with 1,700 employees, where he was responsible for operations located in Brazil, Venezuela, the U.S., Korea, and Russia.

Before that he was Manager, Business Development & Strategic Global Sourcing--Asia & Latin America, where he developed and implemented a low-cost country sourcing strategy with focus on China and Brazil.

Prior to joining Alcoa, Mr. Dietrich worked for the Eaton Corporation and Westinghouse Electric Corporation where he held positions in Engineering, Operations and Manufacturing.

During his business career, Mr. Dietrich has had experience in restructuring businesses and optimizing assets to improve return on capital.

Mr. Dietrich holds a Bachelor of Science degree in Mechanical Engineering from the University of Michigan and an MBA in Finance from The Wharton School at the University of Pennsylvania.

Minerals Technologies Inc. is a global resource- and technology-based growth company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The company recorded sales of $1.06 billion in 2006.

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 which describe or are based on current expectations. Actual results may differ materially from these expectations. In addition, any statements that are not historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this document should be evaluated together with the many uncertainties that affect our businesses, particularly those mentioned in the risk factors and other cautionary statements in our 2006 Annual Report on Form 10-K and in our other reports filed with the Securities and Exchange Commission.

For further information about Minerals Technologies Inc. look on the internet at http://www.mineralstech.com/

    CONTACT: Minerals Technologies Inc.
             Rick B. Honey, 212-878-1831

    SOURCE: Minerals Technologies Inc.