Carpenter Technology Appoints Ken Giacobbe to Board of Directors

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Giacobbe to its Board of Directors, effective August 11, 2026. Mr. Giacobbe, with over three decades of finance and executive leadership experience in aerospace, advanced manufacturing, and technology industries, will serve as a Class III director until the 2028 annual meeting of stockholders. Simultaneously, Howard Yu notified the Board of his intention to step down as a director, effective October 6, 2026, and Colleen Pritchett decided not to run for re-election at the upcoming Annual Stockholders' Meeting. Mr. Giacobbe's appointment brings extensive financial leadership experience, particularly from his tenure as Chief Financial Officer of Howmet Aerospace and Arconic Inc.

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About Carpenter Technology Corporation

Carpenter Technology Corporation specializes in the development, manufacturing, and distribution of high-performance specialty alloys, including stainless steels, long-wear alloys, and titanium base alloys. These materials are primarily designed for applications requiring high strength, corrosion resistance, and reliability, serving key industries such as aerospace, defense, medical, transportation, and energy. Carpenter Technology's advanced materials are essential for manufacturing critical components in aircraft engines, surgical instruments, oil and gas extraction tools, and automotive systems, among others. The company's contribution to these sectors underscores its vital role in supporting technological advancements and infrastructure development. Headquartered in Philadelphia, Pennsylvania, Carpenter Technology operates production facilities and R&D centers globally, facilitating innovation and maintaining a robust supply chain network. Its technical expertise and commitment to quality make it a trusted provider in the specialty alloys market, fostering partnerships to drive forward engineering solutions that meet evolving industry demands.