Management ChangeAug 12, 2026, 05:07 PM
Carpenter Technology Appoints Ken Giacobbe to Board; Two Directors Depart
AI Summary
Carpenter Technology Corporation announced the appointment of Ken J. Giacobbe to its Board of Directors, effective August 11, 2026. Mr. Giacobbe brings over 30 years of finance and executive leadership experience from the aerospace and advanced manufacturing industries, having previously served as CFO of Howmet Aerospace Inc. and Arconic Inc. Concurrently, Howard Yu notified the Board of his intention to step down as a director, effective October 6, 2026, and Colleen Pritchett decided not to run for re-election. Both departures were stated as not being due to any disagreements with the company.
Key Highlights
- Ken J. Giacobbe appointed to Carpenter Technology's Board of Directors, effective August 11, 2026.
- Mr. Giacobbe will serve as a Class III director with a term ending at the 2028 annual meeting.
- He brings over three decades of finance and executive leadership experience from aerospace and manufacturing.
- Mr. Giacobbe previously served as Executive Vice President and CFO of Howmet Aerospace Inc. and Arconic Inc.
- Howard Yu will step down as a director, effective October 6, 2026.
- Colleen Pritchett will not seek re-election at the upcoming Annual Stockholders’ Meeting.
- The departures of Mr. Yu and Ms. Pritchett were not due to any disagreements with the company.
- The Board will consist of 10 members, 9 of whom are independent, after October 6, 2026.
Price Impact
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