EX-99.1 2 d109893dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Carpenter Technology Announces CEO Transition Plan: Brian Malloy to Succeed Tony Thene as Chief Executive Officer on July 1, 2026; Tony Thene to Continue as Executive Chairman PHILADELPHIA - February 17, 2026 - Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced that its Board of Directors has appointed Brian Malloy, currently President & Chief Operating Officer, to serve as Chief Executive Officer effective July 1, 2026. Tony Thene, currently Chairman and CEO, will continue as Executive Chairman of the Board, guiding strategy, maintaining key stakeholder relationships and providing Board leadership. “Over the last decade, Carpenter Technology has realized unprecedented growth through the successful execution of our strategy. And I strongly believe that the Company is only at the beginning of its growth journey. I look forward to maintaining an active role in that journey as Executive Chairman,” said Tony Thene. “The strength of this Company is highlighted by having such a strong internal candidate to become CEO. Brian is a proven leader with deep operational expertise and a strong track rec…
Open exhibit ↗Current Report · Items 5.02, 7.01, 9.01 · 8-K
Carpenter Technology Corp
CRSNYSEEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Company context
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.