Robert S.
Wetherbee to become Executive Chairman
DALLAS, Feb. 23,
2024 /PRNewswire/ -- The Board of Directors of ATI
(NYSE: ATI) has elected Kimberly A.
Fields as President and CEO, effective July 1, 2024. Additionally, she has been
appointed to serve as a member of ATI's Board effective
immediately.
Fields has served as Chief Operating Officer since 2022 and
became President in July 2023. During
her tenure, ATI has grown as one integrated operation, sharpening
its operational advantages, increasing capacity and capability for
the extraordinary materials customers value most.
As CEO, Fields will succeed Robert S.
Wetherbee, who will become Executive Chairman. Wetherbee was
named President and CEO in 2018 and became Board Chair in 2020.
Under Wetherbee's leadership, ATI transformed to become an
aerospace and defense leader, growing share and creating value for
customers and shareholders.
"ATI is well-positioned, on a clear path to $5 billion in revenue and $1 billion in EBITDA by 2027. We have the
capabilities, and the team is aligned to deliver," said Wetherbee.
"Kim is ready to lead this organization. Her demonstrated
operational and commercial success makes her proven to perform. As
ATI's next CEO, Kim will further accelerate our growth and value
creation."
Fields joined ATI in 2019 as executive vice president of ATI's
Flat Rolled Products group, and in 2020 took on leadership of both
business segments. Prior to joining ATI, Fields was group president
for industrial and energy at IDEX Corporation, where she
dramatically improved profitability and accelerated growth in the
business portfolio. She's held commercial, manufacturing, and
strategic leadership positions at EVRAZ and GE, growing GE's
penetration in metals, petrochemicals and mining segments. Fields
earned a BS in Ceramic Engineering from the University of Illinois at Champaign-Urbana and an
MBA from the Kellogg Graduate School of Management at Northwestern University.
"I'm honored to succeed Bob as ATI's next CEO," said Fields.
"Collaboratively, we've built a team that is aligned, disciplined,
and focused on execution to deliver extraordinary solutions to our
customers' most difficult challenges. I am confident in our ability
to continue ATI's incredible trajectory."
"Bob truly transformed ATI, turning the challenge of a pandemic
into an opportunity to create our purpose-built portfolio,
accelerating our strategy of high performance and differentiation,"
said Brett Harvey, ATI's Lead
Independent Director. "On behalf of the board and our shareholders,
we thank Bob for all he's done, especially his focus on developing
talent across the entire leadership team to ensure a smooth
succession. We look forward to working with Kim to build on this
success and drive long-term sustainable growth."
ATI: Proven to Perform.
ATI (NYSE: ATI) is a global producer of high performance
materials and solutions for the global aerospace and defense
markets, and critical applications in electronics, medical and
specialty energy. We're solving the world's most difficult
challenges through materials science. We partner with our customers
to deliver extraordinary materials that enable their greatest
achievements: their products fly higher and faster, burn hotter,
dive deeper, stand stronger and last longer. Our proprietary
process technologies, unique customer partnerships and commitment
to innovation deliver materials and solutions for today and the
evermore challenging environments of tomorrow. We are proven to
perform anywhere. Learn more at ATImaterials.com.
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SOURCE ATI