Retirement Announcement of CFO Don Newman at ATI
ATI Inc. (NYSE: ATI) has recently announced that its Executive Vice President - Finance and Chief Financial Officer, Don Newman, is set to retire. His retirement will become effective March 1, 2026, as he prepares to transition out of his influential role.
Succession Planning Underway
During this transitional phase, the company is actively looking for Newman's successor. He will remain in his current position until his retirement day, assisting in ensuring a seamless transition for operations and leadership continuity.
Contributions to ATI's Financial Success
Since joining ATI in 2020, Newman played a pivotal role in refining the long-term strategy and bolstering the financial foundation of the company. His contributions have notably positioned ATI for continued growth in a competitive marketplace.
Kimberly A. Fields, President and CEO of ATI, expressed gratitude for Newman’s significant contributions. She stated, "Don has been a vital force in shaping ATI's financial landscape, optimizing our capital structure, and enhancing shareholder value through strategic share repurchases. His partnership in crafting long-term goals has been invaluable as we transition towards a majority aerospace and defense company. We wish him the best in his retirement and appreciate his support during this crucial period of change."
Looking Ahead
In his response, Newman remarked, "Serving as ATI's Chief Financial Officer has been a true honor. I am proud of our collective achievements, confident in ATI's trajectory, and eager to aid in a smooth transition while watching the company flourish in the future."
Rob Foster, the current Vice President of Financial and Operating Strategies at ATI, will undertake the responsibility for developing the company's financial plan for 2026. Rob brings extensive leadership experience and an impressive record across various divisions within ATI, further ensuring continuity during this leadership transition.
Executive Search for New CFO
ATI is engaging a premier executive search firm as it seeks to identify the next CFO. The search will encompass both internal talents and external candidates, focusing on a seasoned finance leader with robust operational insights in complex industrial or aerospace settings.
Ongoing Commitment to Financial Performance
In light of this leadership change, ATI has reaffirmed its financial guidance for the third quarter and the entire fiscal year. The company continues its commitment to delivering high-performance materials and solutions targeting aerospace, defense, and other critical sectors.
About ATI
ATI (NYSE: ATI) specializes in producing high-performance materials for the global aerospace and defense sectors, as well as for essential applications in electronics, medical, and specialty energy. With a focus on materials science, ATI collaborates closely with customers to develop innovative materials that help them reach new heights and push the limits of performance. They aim to address the world's most demanding challenges by providing products designed to succeed in increasingly complex environments.
Frequently Asked Questions
What position is Don Newman leaving at ATI?
Don Newman is retiring from his role as Chief Financial Officer at ATI Inc.
When is Don Newman’s retirement effective?
Newman's retirement is set to take effect on March 1, 2026.
Who will lead the development of ATI's financial plan for 2026?
Rob Foster, the Vice President of Financial and Operating Strategies, will lead the development of ATI's financial plan for 2026.
What type of candidates will ATI consider for its next CFO?
ATI will consider both internal and external candidates with extensive finance experience and strong operational backgrounds.
What is ATI’s primary focus as a company?
ATI focuses on producing high-performance materials for critical markets, including aerospace and defense, while also engaging in transformative materials science.
