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Hexcel Corporation's Chairman and Former Chief Executive Officer Passes Away Due to Illness

11 May 2001

BR> Hexcel,s chairman and former chief executive officer, John J. Lee, suddenly succumbed to cancer at his home in New York on Saturday May 5, 2001.

During his eight year tenure as Chief Executive Officer, Hexcel successfully acquired the Ciba Composites business, the Hercules' Composites Products Division and selected assets of Fiberite Inc. In 1998, the company diversified its business portfolio by expanding its electronic materials business through the acquisition of the Clark-Schwebel business, the leading US based manufacturer of woven glass electronic fabrics.

Mr. Martin L. Solomon on behalf of Hexcel's Board of Directors observed: "His leadership and vision transformed Hexcel into the world's leading producer of advanced composite materials and positioned the company for many future opportunities."