Management ChangeJul 28, 2026, 04:07 PM
Carpenter Technology CEO Brian Malloy Passes Away; Tony Thene Returns as CEO
AI Summary
Carpenter Technology announced the sudden and unexpected passing of its President and Chief Executive Officer, Brian J. Malloy, on July 24, 2026. Following this, the Board of Directors appointed Tony R. Thene to return to his previous roles as Chief Executive Officer, President, and Chairman of the Board, effective July 26, 2026. Mr. Thene had previously served as the company's CEO from 2015 through June 2026.
Key Highlights
- Brian J. Malloy, President and CEO, passed away suddenly on July 24, 2026.
- Tony R. Thene appointed Chief Executive Officer, President, and Chairman of the Board.
- Mr. Thene previously served as CEO of Carpenter Technology from 2015 through June 2026.
- The Board of Directors made the appointments on July 26, 2026.
- The company expressed deep sadness over Mr. Malloy's passing.
Price Impact
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