Exhibit 10.16

                         EXECUTIVE EMPLOYMENT AGREEMENT

THIS EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") is made and entered into as of
April 1, 2002, and effective  April 8, 2002,  ("Effective  Date") by and between
AMCAST INDUSTRIAL  CORPORATION,  an Ohio corporation  ("Amcast"),  and JOSEPH R.
GREWE ("Executive").

                                   ARTICLE 1
                                   EMPLOYMENT

1.01 Amcast  hereby  employs  Executive  as its  President  and Chief  Operating
Officer to be based at Amcast's  corporate  headquarters,  and Executive  hereby
accepts and agrees to such  employment from and after the Effective Date of this
Agreement based upon the terms and conditions stated herein.

1.02 Executive shall generally have the authority,  powers and responsibilities,
and shall perform such duties,  as are delegated  from time to time by the Chief
Executive Officer and Amcast's Board of Directors.

1.03  Executive  represents  and  warrants  that  prior to  entering  into  this
Agreement he has not been an employee, director, officer or substantial security
holder of Amcast.

                                   ARTICLE 2
                           BEST EFFORTS OF EXECUTIVE

2.01 Executive agrees that he will devote his full time and attention to, and at
all  times  will  faithfully,  industriously,  and to the  best of his  ability,
experience,  and talents, perform, all of the duties that may be required of and
from him pursuant to the express and implicit  terms of this  Agreement,  to the
reasonable satisfaction of Amcast.

                                   ARTICLE 3
                            EMPLOYMENT RELATIONSHIP

3.01 The  employment  relationship  between  Amcast  and  Executive  under  this
Agreement is "at will." As such, Amcast may terminate Executive's  employment at
any time with or without cause;  and Executive may terminate his employment with
Amcast at any time  provided  the notice  requirement  at  Section  5.01 is met.
However,  so long as the  employment  relationship  between Amcast and Executive
continues  to exist,  it shall be governed by the terms and  provisions  of this
Agreement.


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                                   ARTICLE 4
                           COMPENSATION AND BENEFITS

4.01  Executive  will be paid an  annualized  base salary of Three Hundred Fifty
Thousand  and no/100  Dollars  ($350,000.00).  Executive's  base salary shall be
payable in equal installments pursuant to Amcast's normal payroll procedures and
dates.  The  Compensation  Committee of Amcast's Board of Directors shall review
Executive's  base salary  compensation  annually at such times as it reviews the
salaries of other  Amcast  officers.  Any actual  increase in  Executive's  base
salary shall be made within  Amcast's sole judgment and discretion  based on any
criteria Amcast  determines  appropriate.  Such base  compensation  shall not be
subject to decrease unless the Board takes action to effect a uniform percentage
decrease in compensation for all senior executives of Amcast.

4.02  Executive  shall  participate  in Amcast's  Annual  Incentive  Plan and be
eligible to receive annual  discretionary  incentive  bonus  compensation  in an
amount  targeted to be 50% of Executive's  annualized  base salary (with maximum
payout at 100% of  salary),  based upon  achievement  of  personal  and  overall
company goals as are determined and approved by the Chief  Executive  Officer or
the Board. For the fiscal year ending August 31, 2002, Amcast guarantees it will
pay a bonus equal to 50% of Executive's  base salary paid to him as if Executive
commenced  employment with Amcast on January 1, 2002 through August 31, 2002. To
receive a bonus for any fiscal year, Executive must be employed by Amcast on the
last day of the fiscal year. Any bonus payments shall be made within ninety (90)
days following the completion of each fiscal year. Any dispute between Executive
and Amcast as to the amount of, or  entitlement  to, any bonus shall be promptly
addressed by the Board's Compensation Committee.

4.03 Executive shall be eligible to receive such fringe benefits as are, and may
be, made  available to other senior  executive  employees of Amcast from time to
time in the exclusive  discretion of the Board.  Such benefits may include,  but
are not limited  to, a medical  and dental  plan,  short-term  disability  plan,
long-term  disability plan, life insurance plan, and 401(k) plan. Executive also
shall be provided with an automobile or car allowance  pursuant the Amcast Lease
Car/Car Allowance Program. Amcast may, without any prior notice,  discontinue or
modify any benefit already provided or as may be provided in the future,  within
the  exclusive  discretion  of the Board,  only if such  benefits are  uniformly
discontinued or modified for all senior executives of Amcast. Executive shall be
entitled  four weeks  vacation a year  effective  upon the  Effective  Date.  In
addition,  Executive shall receive an additional $28,000 in February 2003 and in
February 2004 to replace the bonus that  Executive  would have received from his
prior employer.

4.04 Upon  vesting in the  Amcast  Merged  Pension  Plan,  Executive  also shall
participate  in  the  Amcast  Nonqualified   Supplementary   Benefit  Plan  (the
"Supplemental  Plan") as a Participant  but not as an Executive  Participant and
upon Executive  completing five (5) years of actual service with Amcast,  Amcast
will credit Executive with an additional three (3) years of service for purposes
of calculating  Executive's retirement benefit under the Supplemental Plan. Upon
a Change of Control  (as  defined  in  Executive's  Change of Control  Agreement
referenced in Article 7 below)  occurring prior to Executive  becoming vested in
Amcast's  Merged  Pension Plan and provided  that  Executive's  employment  with
Amcast  thereafter  ceases before  Executive  becomes vested in Amcast's  Merged
Pension Plan and under  circumstances  which require  compensation  and benefits

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pursuant to that Change of Control Agreement,  Executive also shall receive such
benefits  under the  Supplemental  Plan as Executive  would  otherwise have been
entitled to receive under the Amcast Merged Pension Plan and  Supplemental  Plan
if Executive had completed  five (5) years of service with Amcast on the date of
his  termination of employment  with Amcast but Executive  shall not receive the
three (3) additional  years of credit until Executive has in fact completed five
(5) years of actual service with Amcast.

4.05 Amcast shall reimburse Executive,  in accordance with Amcast's policies and
procedures  in  effect  from time to time,  for all  reasonable  and  deductible
out-of-pocket  business expenses,  which are incurred by Executive in connection
with the performance by him of his duties hereunder.

4.05  Pursuant  to the  terms  and  conditions  contained  in the  Stock  Option
Agreement  separately  entered into and executed by Executive  and Amcast and in
order to induce  Executive  to execute  this  Agreement,  Amcast  shall grant to
Executive  the option to  purchase  an  aggregate  150,000  (One  Hundred  Fifty
Thousand)  common  shares of Amcast  at a price per share  equal to the  closing
price of  Amcast's  common  shares as  reported  on the New York Stock  Exchange
Composite  Transactions  Tape on April 1, 2002. Such option shall be exercisable
as to 75,000 of the shares subject to option beginning on the Effective Date and
shall become exercisable with respect to the remaining 75,000 shares on April 8,
2003 provided Executive is employed by Amcast on such date.

4.06  Amcast  shall  pay to  Executive  a sum equal to the  amount  of  interest
accruing  during the period April 8, 2002,  through  April 8, 2004,  and paid by
Executive on Executive's $350,000 real estate loan arranged by Executive's prior
employer  (or any  replacement  loan  for  such  loan)  plus an  additional  sum
sufficient to enable Executive to receive such interest  reimbursement,  for the
period April 8, 2002,  through  April 8, 2003,  net of state and federal  income
taxes.  Amcast's  interest  reimbursement  obligation shall cease upon Executive
selling his home that secures this loan.

4.07 Executive shall be entitled to receive the benefits  provided by the Amcast
Relocation  Policy plus an  additional  sum  sufficient  to enable  Executive to
receive such  benefits net of state and federal  income  taxes.  In addition and
upon relocation,  Amcast will pay Executive $29,166 for unreimbursed  incidental
expenses incurred in relocation.

                                   ARTICLE 5
                                  TERMINATION

5.01  Executive may resign his position and  terminate his  employment by giving
Amcast one (1) month written notice of his intention to resign.  If requested by
Amcast, Executive agrees to cooperate in training his successor until his actual
termination. In the event of such resignation,  Executive shall be paid only his
base salary earned  through the effective date of his  resignation  and he shall
not be  entitled  to  receive  any  pro-rated  or other  portion  of any  bonus,
severance,  or other  compensation  otherwise  payable  under  the terms of this
Agreement after Executive's last day of employment.

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5.02  Executive's  employment and this Agreement will be deemed  terminated upon
the death of the Executive.  In the event of such  termination,  Executive shall
receive only his base salary earned through the date of  termination;  provided,
however,  that Executive  may, as the Board shall in its  discretion  determine,
receive  a  pro-rated  or other  portion  of any  bonus to which  Executive  was
otherwise  eligible pursuant to any bonus plan or other arrangement  established
prior to  termination,  to the  extent  such  bonus was  earned  based  upon the
requirements or criteria of such plan or arrangement.

5.03 Any other provision of this Agreement notwithstanding, Amcast may terminate
Executive's employment without notice and with or without cause at any time.

5.04 Upon termination of employment hereunder for any reason, Executive shall be
deemed to have  resigned  from all officer  positions and director and committee
positions he then holds with Amcast or with any affiliated entity.

5.05 Upon termination of employment  hereunder for any reason,  Executive agrees
that he shall not disparage or defame Amcast, its directors, officers, employees
or products.  The provisions of this Section 5.05 shall indefinitely survive the
termination of Executive's employment with Amcast.

5.06 Upon termination of employment  hereunder for any reason,  Executive agrees
that he shall reasonably assist Amcast with any litigation brought by or against
Amcast  involving   matters  occurring  during  the  period  of  his  employment
hereunder.

                                   ARTICLE 6
                                   SEVERANCE

6.01 If  Executive's  employment  with Amcast is terminated for any reason other
than death or "cause"  (as  defined  below) and  Executive  is not  entitled  in
connection  with such  termination  of employment to receive  payments under the
Change of Control Agreement (as defined at Article 7), then Amcast shall:

         (a) pay  Executive  as  severance  pay,  each  month  for  twelve  (12)
consecutive months following Executive's  termination,  Executive's monthly base
salary  in  effect  at the  time of  separation,  less  customary  withholdings,
beginning one (1) month after termination; and

         (b) if Executive timely elects to continue Executive's group health and
dental insurance coverage pursuant to applicable  COBRA/continuation law and the
terms of the  respective  benefit plans,  continue to pay on Executive's  behalf
Amcast's  customary share of premiums for such coverage for the lesser of twelve
(12) months or Executive having obtained comparable coverage.

6.02 For  purposes  of this  Article 6,  "cause"  shall mean (a) the willful and
continued failure by Executive to substantially  perform Executive's duties with
Amcast  (other than any such  failure  resulting  from  Executive's  physical or
mental  illness  or other  physical  or mental  incapacity),  after a demand for
substantial   performance   is   delivered  to  Executive  by  the  Board  which

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specifically  identifies  the manner in which the Board  believes that Executive
has not substantially performed Executive duties, or (b) the willful engaging by
Executive in gross misconduct which is materially and demonstrably  injurious to
Amcast or an  affiliate of Amcast  resulting or intended to result,  directly or
indirectly,  in substantial  personal gain or substantial personal enrichment at
the expense of Amcast or an affiliate of Amcast.


                                   ARTICLE 7
                               CHANGE IN CONTROL

7.01  Concurrently  with the execution of this  Agreement,  Amcast and Executive
shall enter into the  agreement  attached  hereto as Appendix A (the  "Change of
Control Agreement").

                                   ARTICLE 8
                                 NONDISCLOSURE

8.01  Except as  permitted  or  directed  by Amcast or as may be required in the
proper discharge of Executive's employment hereunder, Executive shall not, while
employed  by  Amcast  or at  any  time  thereafter,  divulge,  furnish  or  make
accessible  to  anyone  or use in any  way any  confidential,  trade  secret  or
proprietary information of Amcast, including without limitation,  whether or not
reduced to writing, customer lists, customer files or information,  planning and
financial  information,  contracts,  sales and marketing  information,  business
strategy or opportunities  for new or developing  business,  which Executive has
prepared,  acquired or become  acquainted  with during his employment by Amcast.
Executive acknowledges that the above-described  knowledge or information is the
property of Amcast that constitutes a unique and valuable asset and represents a
substantial  investment by Amcast,  and that any disclosure or other use of such
knowledge or  information,  other than for the sole benefit of Amcast,  would be
wrongful and would cause irreparable harm to Amcast.  Executive agrees to at all
times maintain the confidentiality of such knowledge or information,  to refrain
from any acts or omissions  that would  reduce its value to Amcast,  and to take
and comply  with  reasonable  security  measures to prevent  any  accidental  or
intentional  disclosure or  misappropriation.  Upon  termination  of Executive's
employment for any reason,  Executive  shall promptly  return to Amcast all such
confidential,  trade secret and  proprietary  information,  including all copies
thereof, then in Executive's possession,  control or influence, whether prepared
by Executive or others.

8.02  The  foregoing  obligations  of  confidentiality  shall  not  apply to any
knowledge  or  information  which  is  now  published  or  subsequently  becomes
generally  publicly  known,  other  than as a direct or  indirect  result of the
breach  of  this  Agreement  by  Executive  or a  breach  of  a  confidentiality
obligation owed to Amcast by any third party.

8.03  In the  event  of a  breach  or  threatened  breach  by  Executive  of the
provisions  of this  Article  8,  Amcast  shall  be  entitled  to an  injunction
restraining  Executive  from directly or indirectly  disclosing,  disseminating,
lecturing  upon,  publishing  or  using  such  confidential,   trade  secret  or
proprietary  information (whether in whole or in part) and restraining Executive
from rendering any services or participating with any person, firm, corporation,
association or other entity to whom such  knowledge or  information  (whether in
whole or in part) has been  disclosed,  without  the  posting of a bond or other

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security.  Nothing herein shall be construed as prohibiting Amcast from pursuing
any  other  equitable  or legal  remedies  available  to it for such  breach  or
threatened breach,  including the recovery of damages from Executive.  Executive
and Amcast agree that in event of a disputed  proceeding  regarding  Executive's
compliance with the provisions of this Article 8, the prevailing  party shall be
entitled to recover his or its costs of litigation and reasonable  attorney fees
incurred as a result.

8.04 The provisions of this Article 8 shall survive indefinitely the termination
of Executive's employment with Amcast.

                                   ARTICLE 9
                       NONCOMPETITION AND NON-RECRUITMENT

9.01 Amcast and Executive  recognize and agree that: (i) Executive has received,
and will in the future receive,  substantial  amounts of highly confidential and
proprietary   information   concerning  Amcast,  its  business,   customers  and
employees;  (ii) as a consequence of using or associating  himself with Amcast's
name, goodwill, and reputation, Executive will develop personal and professional
relationships  or a reputation with Amcast's  current and prospective  customers
and  clients;  and  (iii)  provision  for  non-competition  and  non-recruitment
obligations by Executive is critical to Amcast's continued  economic  well-being
and protection of Amcast's confidential and proprietary business information. In
light  of  these  considerations,  this  Article  9 sets  forth  the  terms  and
conditions of Executive's  obligations of  non-competition  and  non-recruitment
while  employed  by Amcast  and for a period of one year  following  Executive's
cessation of employment with Amcast.

9.02 Unless the  obligation  is waived or limited by Amcast as set forth herein,
Executive  agrees that while Executive is employed by Amcast and for a period of
one  year  following  termination  of  Executive's  employment  for any  reason,
Executive will not directly or indirectly (a) solicit or do competitive business
with any person or entity that is or was a customer  or vendor of Amcast  within
the twelve (12) months prior to the date of  termination,  or (b) engage  within
the North  American  markets in which Amcast  engages in business at the time of
termination,  in any similar or related  business  activity in competition  with
Amcast's  direct  line of  business  as  conducted  at the  time of  Executive's
termination.  Among all other competitive actions that are likewise  restricted,
Executive  shall  not cause or  attempt  to cause any  existing  or  prospective
customer,  client or account who then has a relationship with Amcast for current
or  prospective  business to divert,  terminate,  limit or in any adverse manner
modify, or fail to enter into any actual or potential business with Amcast.

9.03 At its sole option,  Amcast may, by express  written  notice to  Executive,
waive or limit the time and/or  geographic area in which Executive cannot engage
in competitive activity or the scope of such competitive activity.

9.04 For a period of one year following  termination  of Executive's  employment
for any reason, Executive will not initiate or actively participate in any other
employer's recruitment or hiring of any of Amcast's employees.


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9.05  Executive  agrees that breach by him of the  provisions  of this Article 9
will  cause  Amcast  irreparable  harm that is not fully  remedied  by  monetary
damages.  In the event of a breach or  threatened  breach  by  Executive  of the
provisions  of this  Article  9,  Amcast  shall  be  entitled  to an  injunction
restraining  Executive  from directly or  indirectly  competing or recruiting as
prohibited  herein,  without  posting a bond or other  security.  Nothing herein
shall be construed as  prohibiting  Amcast from pursuing any other  equitable or
legal remedies available to it for such breach or threatened  breach,  including
the recovery of damages from  Executive  and  suspension or  termination  of the
severance  payments  being made to the Executive  under Article 6. Executive and
Amcast  agree  that in  event of a  disputed  proceeding  regarding  Executive's
compliance with the provisions of this Article 9, the prevailing  party shall be
entitled to recover his or its costs of litigation and reasonable  attorney fees
incurred as a result. To the extent that the Executive is in violation of any of
the  provisions  contained  in this  Article 9, the  applicable  period shall be
tolled during such period of  non-compliance,  the intent of which is to provide
Amcast with the full period of compliance as stated herein.

9.06 The  obligations  contained in this Article 9 shall survive the termination
of Executive's employment with Amcast.

                                   ARTICLE 10
                             INTELLECTUAL PROPERTY

10.01 Executive will promptly disclose in writing to Amcast complete information
concerning each and every invention,  discovery,  improvement,  device,  design,
apparatus,   practice,   process,  method  or  product,  whether  patentable  or
copyrightable or not, made, developed,  perfected,  devised,  conceived or first
reduced to practice by Executive, either solely or in collaboration with others,
during the period of  Executive's  employment  hereunder,  whether or not during
regular  working hours,  relating either directly or indirectly to the business,
products,  practices or  techniques of Amcast or its  subsidiaries  (hereinafter
referred to as "Developments").  Executive,  to the extent that he has the legal
right to do so, hereby  acknowledges  that any and all of such  Developments are
the property of Amcast and hereby assigns and agrees to assign to Amcast any and
all of  Executive's  right,  title  and  interest  in and to any and all of such
Developments.

10.02 The provisions of Section 10.01 shall not apply to any Development meeting
the  following  conditions:  (a) such  Development  was  developed  entirely  on
Executive's  own time; and (b) such  Development was made without the use of any
Amcast equipment, supplies, facility or trade secret information; and either (c)
such  Development  does not result  from any work  performed  by  Executive  for
Amcast,  or such  Development  does not relate (i)  directly to the  business of
Amcast  or (ii) to  Amcast's  actual or  demonstrably  anticipated  research  or
development.

10.03 Upon  request  and  whether  during the  period of  Executive's  retention
hereunder or thereafter,  Executive will do all lawful acts, including,  but not
limited  to,  the  execution  of  papers  and  lawful  oaths  and the  giving of
testimony,  that in the opinion of Amcast,  its successors  and assigns,  may be
necessary  or desirable  in  obtaining,  sustaining,  reissuing,  extending  and
enforcing United States and foreign letters patent,  including,  but not limited
to, design patents,  or other applicable  registrations,  on any and all of such
Developments,  and for  perfecting,  affirming and recording  Amcast's  complete

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ownership and title thereto,  and to cooperate  otherwise in all proceedings and
matters  relating  thereto.  Executive will not be entitled to compensation  for
acts  performed  under this  Section  10.03  (other than  reimbursement  for all
reasonable expenses) if the Employee is employed by Amcast at the time such acts
are performed.  If Executive is not employed by Amcast at the time such acts are
performed,  and if the performance by Executive of such acts causes Executive to
lose  compensation  from other  sources,  Amcast will pay  Executive  reasonable
compensation for such acts.

10.04 Executive will keep reasonably complete accounts,  notes, data and records
of all  Developments in the manner and form requested by Amcast.  Such accounts,
notes, data and records shall be the property of Amcast,  and, upon its request,
Executive will promptly  surrender same to it or, if not previously  surrendered
upon its request or otherwise,  Executive  will  surrender the same, and all but
one copy thereof, to Amcast upon the conclusion of his employment.

10.05  Executive  agrees that breach by him of the provisions of this Article 10
will  cause  Amcast  irreparable  harm that is not fully  remedied  by  monetary
damages.  In the event of a breach or  threatened  breach  by  Executive  of the
provisions  of this  Article  10,  Amcast  shall be  entitled  to an  injunction
restraining  Executive from breach of this Article 10, without posting a bond or
other  security.  Nothing herein shall be construed as  prohibiting  Amcast from
pursuing any other  equitable or legal remedies  available to it for such breach
or  threatened  breach,  including  the  recovery  of  damages  from  Executive.
Executive  and Amcast  agree that in event of a  disputed  proceeding  regarding
Executive's  compliance  with the  provisions of this Article 10, the prevailing
party shall be entitled to recover his or its costs of litigation and reasonable
attorney fees incurred as a result.

10.06 The  obligations  contained in this Article 10 shall survive  indefinitely
the termination of Executive's employment with Amcast.

                                   ARTICLE 11
                                 MISCELLANEOUS

11.01 Governing Law. This Agreement shall be governed and construed according to
the laws of the State of Ohio without regard to conflicts of law provisions.

11.02 Successors.  This Agreement is personal to Executive and Executive may not
assign  or  transfer  any  part  of  his  rights  or  duties  hereunder,  or any
compensation due to him hereunder, to any other person or entity. This Agreement
may be assigned by Amcast and Amcast may  require any  successors  or assigns to
expressly assume and agree to perform Amcast's obligations under this Agreement.

11.03  Waiver.  The  waiver  by Amcast of the  breach or  nonperformance  of any
provision of this  Agreement by Executive  will not operate or be construed as a
waiver of any future breach or  nonperformance  under any such provision of this
Agreement or any similar agreement with any other employee.

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11.04  Modification.  This  Agreement  supersedes and replaces any and all prior
oral or written  understandings,  if any,  between the  parties  relating to the
subject matter of this Agreement,  which are hereby  revoked.  The parties agree
that this Agreement (a) is the entire  understanding  and agreement  between the
parties  and (b) is the  complete  and  exclusive  statement  of the  terms  and
conditions thereof,  and there are no other written or oral agreements in regard
to the subject matter of this Agreement.  This Agreement shall not be changed or
modified except by a written document signed by the parties hereto.

11.05 Severability and Blue Penciling.  To the extent that any provision of this
Agreement  shall be determined to be invalid or  unenforceable  as written,  the
validity  and  enforceability  of the  remainder of such  provision  and of this
Agreement  shall be unaffected.  If any  particular  provision of this Agreement
shall be  adjudicated  to be invalid  or  unenforceable,  Amcast  and  Executive
specifically  authorize  the  tribunal  making  such  determination  to edit the
invalid or unenforceable  provision to allow this Agreement,  and the provisions
thereof,  to be valid and  enforceable  to the fullest  extent allowed by law or
public policy.

11.06 Notice. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed to have been duly given (i) on
the date of service if served  personally  on the party to whom  notice is to be
given, (ii) on the day of transmission if sent via facsimile transmission to the
facsimile number given below, and telephonic confirmation of receipt is obtained
promptly after  completion of  transmission,  (iii) on the day after delivery to
Federal  Express  or  similar  overnight  courier or the  Express  Mail  service
maintained by the United States Postal  Service,  or (iv) on the fifth day after
mailing,  if mailed to the party to whom notice is to be given, by registered or
certified mail, postage prepaid and properly addressed, to the party as follows:

If to Executive:                    Joseph R. Grewe
                                    625 Club Drive
                                    Aurora, Ohio 44202

or such other address as Executive elects by giving such to Amcast with not less
than 30 days advance written notice.

If to Amcast                        Amcast Industrial Corporation
                                    Attn: Chairman of the Board
                                          7887 Washington Village Drive
                                          Dayton, Ohio 45459

or such other address as Amcast elects by giving such to Executive with not less
than 30 days advance written notice.

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IN WITNESS WHEREOF the following  parties have executed the above instrument the
day and year first above written.



AMCAST INDUSTRIAL CORPORATION


By:/s/ Byron O. Pond
   ------------------------
Its Chairman of the Board and Chief Executive
Officer



/s/ Joseph R. Grewe
---------------------------
    Joseph R. Grewe