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Form 8-K · Current Report · Filed 2026-07-28

Carpenter Technology Appoints New CEO Following Sudden Passing of Brian Malloy

On July 24, 2026, Brian J. Malloy, the President and Chief Executive Officer of Carpenter Technology Corporation, passed away suddenly. The Board of Directors appointed Tony R. Thene to return as Chief Executive Officer, a role he previously held from 2015 through June 2026. The Board also reinstated Mr. Thene as Chairman of the Board and President of the Company. The Company extends its condolences to Mr. Malloy's family and colleagues.

Filer
Carpenter Technology Corporation CRS · NYSE
Filed
Accession
0001193125-26-320951
CIK
0000017843
Signal
High impactIndustrials

Items reported

Item events

Reported Item

CEO Resignation New CEO Appointed General Statement

Market reaction

Close before filing

$580.25

Next session

-8.6%

Since filing

-10.4%

Latest close

$519.66

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from CRS reporting the same item, with the next session's move:

Insider tape

Within 45 days of this filing, CRS insiders reported 14 Form 4 transactions — net selling of $33.8M.

Full CRS insider history →

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.

Exchange NYSE Industry Metal Fabrication Company website ↗

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