Hexcel Corporation has made a significant announcement with the appointment of James (Jamie) Coogan as the new Executive Vice President and Chief Financial Officer, effective May 1, 2026. Coogan's extensive experience in aerospace and defense companies, as well as industrial manufacturing organizations, positions him to contribute quickly to Hexcel's strategic priorities.
Coogan's most recent role was as the Executive Vice President and CFO at Axcelis Technologies, a semiconductor industry supplier. Prior to that, he served as the Senior Vice President and CFO at Kaman Corporation. With over 20 years of finance, accounting, and investor relations experience, Coogan's background showcases his expertise across multiple industries.
Hexcel Chairman, CEO, and President, Tom Gentile, expressed gratitude to Mike Lenz, who has been serving as the interim CFO, for his valuable contributions during the transition. Lenz will continue to support the company as a Senior Advisor when Coogan joins.
Coogan's academic qualifications include an MBA from the Yale School of Management, an M.S. in Accounting, and a B.S. in Business Administration, Accounting from the University of Connecticut.
This appointment comes at a crucial time for Hexcel as it prepares for a period of growth with increasing commercial aircraft production rates and an expanding defense and space market. The company's innovative, high-performance material solutions, including carbon fiber, specialty reinforcements, prepregs, and other fiber-reinforced matrix materials, are crucial components in commercial aerospace, defense and space, and industrial applications.
The transition to a new CFO marks an important change in the company's leadership, and all eyes will be on Coogan as he steps into this critical role. The market has reacted to these announcements by moving the company's shares -1.98% to a price of $82.59. For the full picture, make sure to review HEXCEL CORP /DE/'s 8-K report.
