Carpenter Technology Announces Management Updates

PHILADELPHIA, Feb. 21 2022 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE:CRS), a leading producer and marketer of high performance specialty alloy materials and processing solutions for critical applications, today announced the following leadership updates.

Brian Malloy has been named senior vice president and group president of Carpenter Technology’s Performance Engineered Products (PEP) segment. In this role, Mr. Malloy will lead the PEP portfolio of businesses (Carpenter Additive, Dynamet Inc. and Carpenter Distribution) and related services. He will be responsible for leading PEP’s safety performance, driving growth, ensuring operational performance and enabling business excellence. In addition to leading the PEP segment, he will also lead the company’s marketing organization and the company’s electrification efforts.

Mr. Malloy assumed interim leadership of the PEP business in July 2021, while serving as Senior Vice President and Chief Commercial Officer, a position he had held since August 2020.

“Brian’s knowledge of the PEP business coupled with his deep understanding of our markets and customers strategically positions Brian to lead the PEP segment to deliver sustainable growth and value,” said Tony Thene, President and Chief Executive Officer. of management.

Additionally, Marshall Akins was promoted to Vice President and Chief Commercial Officer. In this role, Mr. Akins will oversee the company’s business operations and the execution of key business growth strategies. This includes Carpenter Technology’s business strategy, market development, sales and customer support. He will also join the company’s management team.

Mr. Akins joined Carpenter Technology in 2016 as Vice President – Aerospace, where he led the company’s aerospace and defense market. Prior to joining Carpenter Technology, Mr. Akins worked for the Boston Consulting Group, a global management consulting firm, most recently as Director of the Boston, MA office.

“Marshall’s deep customer knowledge and extensive leadership experience are key to accelerating our business and further differentiating Carpenter Technology as an established and respected supplier and solutions provider,” said Mr. Thene.

About Carpenter Technology Corporation

Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy materials and process solutions for critical applications in the aerospace, defense, transportation, energy, industrial and industrial markets. industry, medicine and consumer electronics. Founded in 1889, Carpenter Technology has evolved into a pioneer in high-end specialty alloys including titanium, nickel and cobalt, as well as alloys specifically designed for additive manufacturing (AM) processes and soft magnetic applications . Carpenter Technology has expanded its additive manufacturing capabilities to provide a complete “end-to-end” solution to accelerate materials innovation and streamline part production. For more information about Carpenter Technology, visit www.carpentertechnology.com.

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