Carpenter Technology Appoints Howard Yu to Board of Directors

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Mr. Yu, with over 25 years of financial leadership experience, notably as the Executive Vice President and Chief Financial Officer for Ball Corporation, will serve as a Class III director until the 2025 annual meeting. He will also be a member of the Audit/Finance and Science, Technology and Sustainability Committees. The Board confirmed that Mr. Yu qualifies as an independent director and is not involved in any arrangements that would conflict with his role. This appointment is expected to bring significant financial expertise and leadership to Carpenter Technology, aiding in its growth and shareholder value creation.

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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.