ATI Inc. (NYSE: ATI) recently announced the appointment of Kimberly A. Fields as the Board Chair, effective May 14, 2026, at ATI’s Annual Meeting of Shareholders. Fields, who has been serving as the Chief Executive Officer since July 1, 2024, will assume the additional role of Board Chair alongside her current responsibilities.
Under Fields' leadership, ATI has experienced significant growth in the aerospace and defense sectors, which now account for more than 70% of the company's revenues. This growth is attributed to her efforts in driving alignment across the businesses, strengthening operational advantages, and expanding customer partnerships.
Robert S. Wetherbee, the current Executive Chair and Board member, will retire from his positions at the aforementioned meeting. Wetherbee had held the role of CEO from 2019 until his retirement on July 1, 2024, after which he became the Executive Chair. During his tenure, ATI underwent a transformation, becoming a leader in the aerospace and defense industries, and achieving growth and value creation for customers and shareholders.
The company's Lead Independent Director, Brett Harvey, emphasized that the combined role of CEO and Chair would promote unified leadership and direction for ATI, allowing the company to accelerate its strategy of high performance and differentiation.
Notably, ATI's revenues are predominantly driven by the aerospace and defense markets, showcasing the company's strategic focus and the effectiveness of its operational and customer partnership strategies.
The press release also highlighted ATI's core business as a producer of high-performance materials and solutions for the global aerospace and defense markets, with a strong presence in critical applications in electronics, medical, and specialty energy. The company's commitment to innovation and proprietary process technologies enables it to deliver materials and solutions for current and future challenging environments.
The transition in leadership, with the appointment of Kimberly A. Fields as Board Chair and the retirement of Robert S. Wetherbee, reflects ATI's commitment to sustaining its growth trajectory and creating long-term value for its shareholders.
ATI's strategic direction under Fields' leadership is expected to further enhance the company's position as a leader in delivering extraordinary materials for aerospace, defense, and other critical applications. As a result of these announcements, the company's shares have moved -0.15% on the market, and are now trading at a price of $98.60. Check out the company's full 8-K submission here.
