Howard Yu Joins Carpenter Technology’s Board of Directors

Rhea-AI Summary

Carpenter Technology (NYSE: CRS) has announced the appointment of Howard Yu to its Board of Directors, effective October 9, 2024. Yu brings over 25 years of financial leadership experience in multinational organizations. He currently serves as Executive Vice President and Chief Financial Officer at Ball , a supplier of sustainable aluminum packaging solutions.

Prior to his current role, Yu was Senior Vice President and CFO at Envista, a global company spun off from Danaher. During his 22-year career with Danaher and Envista, Yu held CFO positions for multiple global divisions, leading successful M&A and systems transformations across varied economic environments. He previously worked in finance at Hewlett-Packard and as Senior Auditor at Deloitte.

Martin Inglis, Chairman of Carpenter Technology's Board, expressed confidence that Yu's extensive leadership experience and financial acumen will significantly benefit the company as it accelerates growth and delivers shareholder returns.

Positive

• Appointment of Howard Yu, an experienced financial leader, to the Board of Directors
• Yu brings over 25 years of financial leadership experience in multinational organizations
• Yu's expertise in M&A and systems transformations across global economic environments
• Potential for Yu's experience to contribute to accelerating growth and delivering shareholder returns

Negative

• None.

PHILADELPHIA, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced today that Howard Yu has been appointed to the Company’s Board of Directors, effective October 9, 2024.

Mr. Yu brings more than 25 years of financial leadership experience in large multinational organizations. Mr. Yu is currently the Executive Vice President, Chief Financial Officer for Ball Corporation, a supplier of innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers. Prior to his current role, Mr. Yu served as Senior Vice President and Chief Financial Officer for Envista, a publicly traded global company and spin-off of Danaher. Throughout his 22-year Danaher and Envista career, Mr. Yu served as Chief Financial Officer for multiple global divisions in Asia, Europe, and Latin America where he led successful M&A and systems transformations through varied global economic environments to drive shareholder value creation. Prior to joining Danaher, he worked in finance at Hewlett-Packard and as Senior Auditor at Deloitte.

“We welcome Howard to Carpenter Technology’s Board of Directors. We are confident that Howard’s extensive leadership experience, combined with his broad financial acumen, will be a significant benefit to Carpenter Technology as we continue to accelerate our growth and deliver shareholder returns.” said Martin Inglis, Chairman of the Board of Directors.  

About Carpenter Technology

Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy materials and process solutions for critical applications in the aerospace and defense, medical, transportation, energy, and industrial and consumer markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys including nickel, cobalt, and titanium and material process capabilities that solve our customers' current and future material challenges. More information about Carpenter Technology can be found at www.carpentertechnology.com.

Media Inquiries: Heather Beardsley +1 610-208-2278 hbeardsley@cartech.com

Investor Inquiries: John Huyette +1 610 208-2061 jhuyette@cartech.com

FAQ

Who is Howard Yu and why was he appointed to Carpenter Technology's (CRS) Board of Directors?

Howard Yu is an experienced financial leader with over 25 years of experience in multinational organizations. He was appointed to Carpenter Technology's Board of Directors effective October 9, 2024, due to his extensive leadership experience and broad financial acumen, which are expected to benefit the company's growth and shareholder returns.

What is Howard Yu's current role outside of Carpenter Technology (CRS)?

Howard Yu currently serves as the Executive Vice President and Chief Financial Officer for Ball , a supplier of innovative, sustainable aluminum packaging solutions for beverage, personal care, and household products customers.

What was Howard Yu's role before joining Ball ?

Before joining Ball , Howard Yu served as Senior Vice President and Chief Financial Officer for Envista, a publicly traded global company and spin-off of Danaher. He also held CFO positions for multiple global divisions during his 22-year career with Danaher and Envista.

How does Carpenter Technology (CRS) expect to benefit from Howard Yu's appointment to the Board?

Carpenter Technology expects to benefit from Howard Yu's extensive leadership experience and broad financial acumen. The company believes his expertise will contribute significantly as they continue to accelerate growth and deliver shareholder returns.