Carpenter Technology's Board of Directors Elects Tony Thene as Chairman and CEO

Core Points - Carpenter Technology Corporation has announced a succession plan for its Board of Directors, with Tony R. Thene being elected as Chairman effective October 7, 2025 [2][3] - Mr. Thene has been instrumental in the company's growth over the past 10 years, transforming it into a leading provider of specialty materials [2] - Brian Malloy has been promoted to President and Chief Operating Officer, succeeding Mr. Thene in that role [4] - Steven M. Ward has been elected as Lead Independent Director, continuing the company's commitment to high-quality corporate governance [5] Leadership Changes - Tony R. Thene will assume the role of Chairman of the Board, effective October 7, 2025, prior to the 2025 Annual Stockholders Meeting [2] - I. Martin Inglis will not stand for reelection when his term expires at the 2025 Annual Stockholders Meeting, having served on the Board since 2003 [3] - Brian Malloy, previously Senior Vice President and Chief Operating Officer, will take over as President and COO on the same date [4] - Steven M. Ward, who has been on the Board since 2001, will become the Lead Independent Director [5] Company Overview - Carpenter Technology Corporation is a leader in high-performance specialty alloy materials for critical applications across various sectors including aerospace, defense, medical, and energy [6] - The company has a long history, founded in 1889, and specializes in premium specialty alloys such as nickel, cobalt, and titanium [6]