GrafTech International Ltd. is in advanced discussions with a seasoned public company steel industry operating and commercial executive with significant experience in various market environments to complement the leadership team and join the Company in the near future as its next Chief Executive Officer (CEO). The Company expects Denis Turcotte, a current Director, to become the new Executive Chairman of the Board. Jeff Dutton, the current CEO and Director, and Peter Gordon, the current Chairman, are expected to remain with the Company as Directors. Quinn Coburn, the Company's Chief Financial Officer, will continue to lead the Company's finance, treasury, and investor relations teams.