Carpenter Technology Announces Return of Gregory A. Pratt as CEO
November 14 2014 - 8:01AM
Business Wire
Carpenter Technology Corporation’s (NYSE: CRS) Board of
Directors today announced that Gregory A. Pratt will return as CEO
of the Company, effective immediately. Mr. Pratt was Carpenter's
CEO in 2009 - 2010, and has been a Board member since 2002. Pratt
will also continue as the Chairperson of Carpenter’s Board, a
position he has held since 2009. During his tenure as Chairperson,
Carpenter has made numerous investments in its business, acquired
Amega West and Latrobe Specialty Metals, and built Carpenter’s new
Athens facility.
Pratt has a distinguished career in metals, materials, and
information technology serving as CEO of both Carpenter Technology
and OAO Technology Solutions. Mr. Pratt received a Bachelor of
Science in business administration from Cheyney University and a
Masters of Business Administration from the Wharton School at the
University of Pennsylvania.
Pratt replaces Bill Wulfsohn as CEO, who resigned today to take
another role outside of the Company. To ensure continuity, while
Wulfsohn will step down from the CEO role and Board of Directors
immediately, he will assist the Company in a transition support
role until December 31, 2014.
“It has been a pleasure to work with Bill. Together, we have
accomplished a great deal,” said Pratt. “We wish Bill well in his
next endeavors and thank him for his outstanding leadership and
service to Carpenter.”
About Carpenter
Technology
Carpenter produces and distributes premium alloys, including
special alloys, titanium alloys and powder metals, as well as
stainless steels, alloy steels and tool steels. Information about
Carpenter can be found at http://www.cartech.com.
Forward-Looking
Statements
This news release forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on management’s current
expectations and are subject to risks, uncertainties and other
factors that could cause actual results to differ from those
projected, anticipated or implied. The most significant of these
uncertainties are described in Carpenter's filings with the
Securities and Exchange Commission including its annual report on
Form 10-K for the year ended June 30, 2014, 10Q for the quarter
ended September 30, 2014, and the exhibits attached to those
filings. They include, but are not limited to, statements regarding
growth, profitability, revenues, strategic goals, mix costs, and
targeted financial performance. Any of these factors could have an
adverse and/or fluctuating effect on Carpenter’s results of
operations. The forward-looking statements in this document are
intended to be subject to the safe harbor protection provided by
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Carpenter
undertakes no obligation to update or revise any forward-looking
statements.
Carpenter Technology CorporationMedia Inquiries:William J.
Rudolph Jr., 610-208-3892wrudolph@cartech.comorInvestor
Inquiries:Michael A. Hajost, 610-208-3476mhajost@cartech.com
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