Thomas W. Gannon Joins Ferro as Chief Financial Officer

Ferro Corporation (NYSE: FOE) announced that Thomas W. Gannon has been named corporate vice president and chief financial officer, effective May 16, 2003.

Gannon will be responsible for overall financial management including accounting, treasury, tax, budgeting and investor relations. He will report directly to Hector R. Ortino, chairman and chief executive officer.

"Tom's broad financial and operations experience make him an ideal team member to support our strategic focus on growth," commented Ortino. "His background will be instrumental in our strategy to promote organic growth and improve earnings through operational excellence. This includes leveraging technology and market opportunities across businesses and regions while strengthening supply chain management and productivity across the company. These organic growth objectives will be complemented with acquisitions through time."

Gannon most recently served as the chief operating officer for Riverwood International Corporation in Atlanta, Georgia. Prior to that, he served as the chief financial officer before being named executive vice president, commercial operations. Gannon began his career with Price Waterhouse & Company and then spent twenty years with Rockwell International, progressing through positions of increased responsibility in finance and operations. He then spent two years as corporate vice president and chief financial officer for Pilkington Ltd.

Gannon holds an MBA from Northwestern University and a bachelor's degree in industrial engineering from the University of Wisconsin. He is also a certified public accountant.

About Ferro Corporation

Ferro Corporation is a major international producer of performance materials for industry, including coatings and performance chemicals. The Company has operations in 20 countries and recorded sales of $1.5 billion in 2002.

600450 Thomas W. Gannon Joins Ferro as Chief Financial Officer
Date: 16 May 2003
Source: Ferro Corporation

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