Allegheny Technologies Inc. (ATI) shifted Chief Financial
Officer Richard Harshman to the new position of president and chief
operating officer.
The maker of titanium and nickel-based alloys has seen results
improve of late, reporting Wednesday its sales and shipments jumped
as demand recovered from last-year's depressed levels.
Harshman, who had served as finance chief since 2001, will head
each of the company's business segments and be responsible for
internal matters such as investor relations and pension investment
strategies.
In connection with the move, Dale Reid was named principal
financial officer. He had served as controller, chief accounting
officer and treasurer.
Elliot David was promoted to general counsel from assistant
general counsel.
Shares closed Wednesday at $48.37 and were inactive
premarket.
-By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240;
matthew.jarzemsky@dowjones.com
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