CHARLOTTE, N.C., Feb. 20 /PRNewswire-FirstCall/ -- Marshall O. Larsen has been named President and Chief Operating Officer of Goodrich Corporation (NYSE: GR) in a succession plan approved by the company's Board of Directors. He will assume his new role effective today. He will also be a nominee for the Goodrich Board of Directors to be considered for election at the company's annual shareholder meeting in April.

According to David L. Burner, Chairman and Chief Executive Officer, "Marshall has made significant contributions to the growth of our aerospace business and to the aerospace industry in general. His leadership has been a critical factor in creating today's Goodrich -- a tier one supplier to the global aerospace industry known for innovative solutions and solid operating performance. He is a proven member of our experienced leadership team with a reputation for delivering results."

Larsen, who has served as Executive Vice President of Goodrich and President & Chief Operating Officer of its aerospace business since 1995, joined the company in 1977 as an Operations Analyst and Financial Manager. In 1981, he became Director of Planning and Analysis and subsequently Director of Product Marketing. In 1986, he became Assistant to the President and later served as General Manager of several divisions of the company's aerospace business. In 1994, he was elected a Vice President of Goodrich Corporation and was named a Group Vice President of Goodrich aerospace.

Larsen currently serves as Chairman of the Board of Governors of the Aerospace Industries Association. The association represents 200 of the nation's major manufacturers of commercial, military and business aircraft, helicopters, aircraft engines, missiles, spacecraft, materials, and related components and equipment. Goodrich Corporation is a long-standing, active member of the 83-year-old Washington, D.C.-based advocacy group. Larsen is also a member of the Board of Governors of the General Aviation Manufacturers Association.

In addition, he serves as a member of the Board of Directors of the Boy Scouts of America Mecklenburg County Council, North Carolina Dance Theater and the Charlotte Regional Partnership.

In commenting on his new post Larsen stated, "I am proud to be associated with the aerospace industry at such a critical time in the history of aviation and sincerely honored to be chosen as President and COO of Goodrich. The Goodrich team is solidly positioned to meet the challenges and opportunities of this great industry. The advent of Boeing's Sonic Cruiser, Airbus' A380 super jumboliner and the Joint Strike Fighter will change the aviation landscape. Goodrich will be right there adding technology to make these types of aircraft possible. We will also be tapping into our ability to bring breakthrough innovations to the market at an unprecedented pace to feed the technology pipeline for the expanding regional, business jet, military and space markets."

With 2001 aerospace sales of $4.2 billion, Goodrich Corporation (NYSE: GR) is a leading worldwide supplier of aerospace components, systems and services. The company plans to spin off its engineered industrial products business to shareholders in the second quarter of 2002. Headquartered in Charlotte, North Carolina, Goodrich is ranked by Fortune magazine as one of the "Most Admired" aerospace companies and is included on Forbes magazine's "Platinum List" of America's best big companies. For more information visit http://www.goodrich.com.

High res. downloadable images of Marshall Larsen and David Burner are available @ http://www.goodrich.com/transformation2/imageLibrary/imageLibraryPage2.asp

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