Global Leaders David Hess and Marianne Kah Join ATI Board
May 31 2019 - 7:15AM
Business Wire
Extensive aerospace and energy expertise
focused on innovation and growth
Allegheny Technologies Incorporated (NYSE: ATI) today announced
that David P. Hess and Marianne Kah have been appointed to the ATI
Board of Directors, adding deep expertise in the aerospace and
energy markets that are key to ATI’s future.
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David P. Hess (Photo: Business Wire)
“David and Marianne are global industry leaders known for
strategically driving growth and transformation to accelerate
stakeholder value creation,” said Diane C. Creel, ATI Board Chair.
“As a premiere aerospace leader, David is renowned for thoughtful
capital allocation while guiding strong growth at Pratt &
Whitney and UTC. His aerospace market perspective will be
invaluable to ATI as we continue to partner with our customers,
growing our position as we execute the aerospace production ramp,”
said Creel.
“Marianne has earned a reputation as a true expert in global
energy markets and risk assessment, predicting the trends that will
shape markets and helping ConocoPhillips to become the world’s
largest independent exploration and production company. Her
expertise in materials supply and global policy sets her apart as a
strategic thought leader,” said Creel.
“These diverse perspectives will be instrumental as ATI pursues
future opportunities and refines its strategy to ensure success.
The Board is committed to refreshing its skillset to meet the
Company’s evolving needs.”
Hess brings 40 years of experience in the aerospace industry,
including 38 at United Technologies Corporation where he retired as
Executive Vice President and Chief Customer Officer for Aerospace.
From 2009 to 2014 he was President of Pratt & Whitney,
responsible for the company’s global operations in the design,
manufacture and service of engines for commercial and military
aircraft. Most recently, Hess served as the interim CEO and a board
member for Arconic Corporation. Hess was a 10-year member on the
Aerospace Industries Association (AIA) Board of Governors Executive
Committee, serving as Chairman in 2012. He is a Director for GKN
Aerospace Transparency Systems, Inc., Chair of the Board of
Directors for Hartford HealthCare, and a Trustee for Hamilton
College. He is also a Fellow of the Royal Aeronautical Society.
Hess holds a bachelor's degree in physics from Hamilton College and
bachelor's and master's degrees in electrical engineering from
Rensselaer Polytechnic Institute. He was awarded an MIT Sloan
Fellowship in 1989 and earned a master's degree in management in
1990.
“ATI holds strong positions in aerospace and defense thanks to
its unique material science expertise and advanced process
technologies. I look forward to leveraging my knowledge of this
industry to help ATI optimize its strategies and further expand its
position during the current aerospace production ramp and beyond,”
said Hess.
Kah is a global energy and raw materials markets expert with
tremendous experience in board-level strategic planning and risk
analysis. As Chief Economist for ConocoPhillips until 2017, she
developed market outlooks, risk assessments and scenario plans that
drove corporate strategy. She is a thought leader in global public
policy, serving as an adjunct senior research scholar and Advisory
Board member of Columbia University’s Center on Global Energy
Policy, with a current focus on the impact of disruptive
technologies such as electrification, automation and shared
mobility on energy demand and transportation. She is President of
the U.S. Association for Energy Economics and a Director of
Petroleum Geo-Services. Kah holds an MPA from Syracuse University’s
Maxwell School of Citizenship and Public Affairs and a bachelor’s
from Cornell University.
“In today’s rapidly evolving business environment, I am eager to
utilize my expertise in strategy and scenario planning to help ATI
ensure its continued market leadership and to prioritize its
opportunities to automate, digitize and grow,” said Kah.
“David and Marianne have significant leadership experience and
an orientation toward relentless innovation that ATI constantly
seeks,” said ATI President and CEO Robert S. Wetherbee. “I believe
both will spark insightful, fresh thinking that will be invaluable
to the ATI Board and leadership team as we continue to transform
our company for the future.”
Hess will serve on the ATI Board of Directors’ Finance Committee
and the Nominating & Governance Committee, and his current term
will extend through the Company’s 2021 Annual Meeting of
Stockholders. Kah will serve on the Board’s Audit Committee and the
Technology Committee, and her current term will extend through the
Company’s 2022 Annual Meeting of Stockholders.
Creating Value Thru Relentless Innovation™
ATI is a global manufacturer of technically advanced specialty
materials and complex components. ATI revenue was $4.1
billion for the twelve month period ended March 31, 2019. Our
largest markets are aerospace & defense, particularly jet
engines. We also have a strong presence in the oil & gas,
electrical energy, medical, automotive, and other industrial
markets. ATI is a market leader in manufacturing differentiated
specialty alloys and forgings that require our unique manufacturing
and precision machining capabilities and our innovative new product
development competence. We are a leader in producing powders for
use in next-generation jet engine forgings and 3D-printed aerospace
products. See more at our website ATIMetals.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190531005247/en/
Allegheny Technologies Incorporated
Investor Contact:Scott A.
Minder412-395-2720scott.minder@atimetals.com
Media Contact:Natalie
Gillespie412-394-2850natalie.gillespie@atimetals.com
www.ATImetals.com
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