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Paul David Miller to Continue as ATK Chairman; Dan Murphy to Become CEO October 1

Minneapolis/May 13, 2003/Satnews Daily/ — The board of directors of ATK (Alliant Techsystems) has approved an executive leadership succession plan aimed at continuing the company's strong performance.

Under the plan, Paul David Miller (PDM), chairman and chief executive officer, will retain his post as board chairman and will turn over his responsibilities as CEO to Dan Murphy on Oct. 1.  Murphy is currently group vice president, Precision Systems.  In a separate news release issued today, ATK announced that Murphy was elected to the board of directors on May 6. 

"Throughout my career as both a military and business leader, I have always been committed to leaving an organization in a better position than when I took over -- and to ensuring that the right leadership is in place to continue moving forward," said PDM. "This succession plan is a reflection of that commitment. Over the past four years, ATK shareholders have benefited from revenue and earnings growth, strong cash flow, margin improvement, and market leadership positions gained through new products and acquisitions."

Murphy joined ATK in 2000 as president of ATK Tactical Systems in Rocket Center, W. Va., and was named group vice president, Precision Systems in early 2002, when the new business group was formed. A graduate of the U.S. Naval Academy, he previously served as a naval officer for 30 years, attaining the rank of Vice Admiral. 

PDM will continue to maintain an active role through fiscal year 2004.  He will work closely with the leadership team to ensure ATK does not skip a beat throughout the transition. In addition, Murphy will be supported by the same experienced finance and operational team that has delivered ATK's outstanding performance over these past years.

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