Management ChangeApr 17, 2026, 04:22 PM
Carpenter Tech Expands Board, Appoints New CEO & Executive Chairman
AI Summary
Carpenter Technology Corporation's Board of Directors expanded its size from 11 to 12 members on April 13, 2026. Brian J. Malloy was appointed to fill the new vacancy as a Class III director, effective July 1, 2026. Concurrently, Mr. Malloy, currently President and COO, will assume the role of President and Chief Executive Officer, while current CEO Tony R. Thene will transition to Executive Chairman of the Board, both effective July 1, 2026.
Key Highlights
- Board expanded from 11 to 12 directors on April 13, 2026.
- Brian J. Malloy appointed new Class III director, effective July 1, 2026.
- Malloy becomes President and CEO, effective July 1, 2026.
- Tony R. Thene transitions to Executive Chairman, effective July 1, 2026.