Management ChangeAug 12, 2026, 04:53 PM
Carpenter Technology Appoints Ken Giacobbe to Board
AI Summary
Carpenter Technology Corporation announced the appointment of Ken Giacobbe to its Board of Directors, effective August 11, 2026. Mr. Giacobbe brings extensive financial leadership experience from his tenure as CFO of Howmet Aerospace and Arconic Inc. Additionally, Howard Yu will step down as a Director effective October 6, 2026, and Colleen Pritchett will not seek re-election at the 2026 Annual Stockholders' Meeting. These changes will result in the Board comprising 10 members, with 9 independent, after October 6, 2026.
Key Highlights
- Ken Giacobbe appointed to Carpenter Technology's Board of Directors, effective August 11, 2026.
- Mr. Giacobbe brings over three decades of finance and executive leadership experience.
- He previously served as Executive Vice President and CFO of Howmet Aerospace Inc. and Arconic Inc.
- Howard Yu notified his intention to step down as Director, effective October 6, 2026.
- Colleen Pritchett will not stand for re-election at the 2026 Annual Stockholders' Meeting.
- The Board will consist of 10 members (9 independent) after October 6, 2026.
- The Board currently consists of 12 members, 11 of whom are independent directors.
Price Impact
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