ATI, a global producer of high performance materials and solutions for various industries, has announced the election of Kimberly A. Fields as its new President and CEO.
-
Kimberly A. Fields, who has been serving as Chief Operating Officer since 2022 and became President in July 2023, will take on the role of President and CEO effective July 1, 2024. She has also been appointed to serve as a member of ATI’s Board with immediate effect.
-
Robert S. Wetherbee, the current President and CEO, will transition to the role of Executive Chairman.
-
Under Wetherbee’s leadership, ATI transformed into an aerospace and defense leader, and the company is on a clear path to achieving $5 billion in revenue and $1 billion in EBITDA by 2027.
-
Fields joined ATI in 2019 as executive vice president of ATI’s Flat Rolled Products group and has extensive experience in leadership roles at companies such as IDEX Corporation, EVRAZ, and GE.
-
The Lead Independent Director of ATI, Brett Harvey, expressed gratitude to Wetherbee for his contributions and highlighted the focus on developing talent across the leadership team for a smooth succession.
-
ATI (NYSE: ATI) is known for delivering extraordinary materials for aerospace, defense, electronics, medical, and specialty energy applications.
-
The company's proprietary process technologies, customer partnerships, and commitment to innovation enable them to provide materials and solutions for today's challenges and the increasingly demanding environments of the future.
As a result of these announcements, the company's shares have moved -1.4% on the market, and are now trading at a price of $45.83. For more information, read the company's full 8-K submission here.
