Market Overview

CIRCOR International Names Chadi Chahine as Chief Financial Officer

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Former CFO of Smith & Nephew's U.S. Operations Brings 22 Years of
Finance and Global Markets Expertise

CIRCOR
International, Inc.
(NYSE:CIR), a leading provider of flow control
solutions and other highly engineered products for the Industrial,
Energy and Aerospace & Defense markets, today announced the appointment
of Chadi Chahine as Senior Vice President and Chief Financial Officer,
effective today. He joins CIRCOR from global medical technology company
Smith & Nephew, where he was CFO of its U.S. business.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190102005297/en/

CIRCOR International appointed Chadi Chahine as Senior Vice President and Chief Financial Officer, e ...

CIRCOR International appointed Chadi Chahine as Senior Vice President and Chief Financial Officer, effective January 2, 2019. He joined CIRCOR from global medical technology company Smith & Nephew, where he was CFO of its U.S. business. (Photo: Business Wire)

"Chadi's experience in managing global financial operations for
successful multinational organizations will be invaluable as CIRCOR
continues to expand its presence in international markets," said Scott
Buckhout, the Company's President and Chief Executive Officer. "Chadi
brings a strong combination of global operational expertise and
financial acumen, skills that are integral to the success of our
long-term growth strategy."

Mr. Chahine joined Smith & Nephew as CFO, International Markets, in
2012. In that role he helped to drive profitable and sustained growth
through organic and M&A initiatives that doubled the Emerging Markets
business over a five-year period. He was promoted to CFO of Smith &
Nephew's U.S. operations in February 2017. Mr. Chahine began his career
in public accounting and spent 13 years at Abbott Laboratories in
positions of increasing responsibility within finance and general
management.

Fluent in English, French and Arabic, Mr. Chahine has lived and worked
in nine countries across four continents. He received a Bachelor of
Science in math and economics from the University of Montreal in Quebec,
Canada. He also earned a Bachelor of Commerce in accounting from the
University of Quebec, Canada. He is a Certified Public Accountant.

In August 2018, CIRCOR announced the planned departure of CFO Rajeev
Bhalla, who agreed to remain in the role until a successor was named. "I
would like to thank Rajeev for his contributions to CIRCOR during the
past five years, and for agreeing to remain with the Company during our
search for a new CFO," Mr. Buckhout said.

About CIRCOR International, Inc.

CIRCOR International, Inc. designs, manufactures and markets
differentiated technology products and sub-systems for markets including
oil & gas, industrial, aerospace & defense and commercial marine. CIRCOR
has a diversified flow and motion control product portfolio with
recognized, market-leading brands that fulfill its customers' mission
critical needs. The Company's strategy is to grow organically and
through complementary acquisitions; simplify CIRCOR's operations;
achieve world class operational excellence; and attract and retain top
talent. For more information, visit the Company's investor relations
website at http://investors.circor.com.

Safe Harbor Statement

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Reliance
should not be placed on forward-looking statements because they involve
unknown risks, uncertainties and other factors, which are, in some
cases, beyond the control of CIRCOR. Any statements in this press
release that are not statements of historical fact are forward-looking
statements, including, but not limited to, those relating
to CIRCOR's future performance, including the success of our long-term
growth strategy. Actual events, performance or results could differ
materially from the anticipated events, performance or results expressed
or implied by such forward-looking statements. Important factors that
could cause actual results to vary from expectations include, but are
not limited to: our ability to respond to competitive developments and
to grow our business, both domestically and internationally; changes in
the cost, quality or supply of raw materials; our ability to comply with
our debt obligations; our ability to successfully implement our
acquisition, divesture or restructuring strategies, including our
integration of the Fluid Handling business; changes in industry
standards or government regulations, both in the United States and
internationally; and our ability to operate our manufacturing facilities
at current or higher levels and respond to increases in manufacturing
costs. BEFORE MAKING ANY INVESTMENT DECISIONS REGARDING OUR COMPANY, WE
STRONGLY ADVISE YOU TO READ THE SECTION ENTITLED "RISK FACTORS" IN OUR
MOST RECENT ANNUAL REPORT ON FORM 10-K AND SUBSEQUENT QUARTERLY REPORTS
ON FORMS 10-Q, WHICH CAN BE ACCESSED UNDER THE "INVESTORS" LINK OF OUR
WEBSITE AT WWW.CIRCOR.COM.
We undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.

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