Carpenter Technology Announces Senior Operating Leadership Appointments
February 22 2018 - 5:03PM
Carpenter Technology Corporation (NYSE:CRS) (the “Company”) today
announced senior operating leadership changes consistent with the
Company’s long-term succession plan.
Joe Haniford, Chief Operating Officer, will assume a new role as
Vice President, Business Management Office, and Global Advanced
Engineering, as well as the leadership of Environmental, Health and
Safety, where he will be focused on the continued implementation of
the Carpenter Operating Model and Lean manufacturing principles
across the Company’s facilities. This transition is in-line with
the strategic plan initiated when Mr. Haniford joined Carpenter in
July 2015.
Mike Murtagh has been appointed Vice President and Group
President of Specialty Alloys Operations (SAO). Mr. Murtagh
previously served as Carpenter’s Chief Technology Officer.
Carpenter has commenced a search for a new Chief Technology
Officer. Both leadership changes will be effective July 1,
2018.
“Over the last three years, we have executed a concerted
transformational strategy to strengthen our long-term growth
profile and these organizational changes are consistent with our
leadership transition plan,” said Tony Thene, President and Chief
Executive Officer. “Joe has been an invaluable contributor to our
success in elevating Carpenter through establishing manufacturing
and safety disciplines that have become the foundation of the
Carpenter Operating Model. We thank him for his many contributions
as Chief Operating Officer, and I am pleased that Joe will continue
to be part of the team. He will focus primarily on the further
implementation of the Carpenter Operating Model across our
facilities as we know we are still in the early stages of its
execution.”
Mr. Thene added, “Since joining Carpenter as the Chief
Technology Officer, Mike has demonstrated strong technical and
manufacturing operations expertise and has played an important role
in our continued transition to becoming an irreplaceable supply
chain partner for our customers. Given Mike’s background, I believe
he is the ideal candidate to assume the manufacturing and business
responsibilities of our SAO segment.”
About Carpenter Technology
Carpenter Technology Corporation is a leading producer and
distributor of premium specialty alloys, including titanium alloys,
nickel and cobalt based superalloys, stainless steels, alloy steels
and tool steels. Carpenter’s high-performance materials and
advanced process solutions are an integral part of critical
applications used within the aerospace, transportation, medical and
energy markets, among other markets. Building on its history
of innovation, Carpenter’s metal powder technology capabilities
support a range of next-generation products and manufacturing
techniques, including additive manufacturing and 3D Printing.
Information about Carpenter can be found at www.cartech.com.
Media Inquiries:
William J. Rudolph, Jr.
+1 610-208-3892
wrudolph@cartech.com
Investor Inquiries:The Plunkett GroupBrad Edwards+1
212-739-6724brad@theplunkettgroup.com
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