What's Happening?
ATI Inc. has announced that its Executive Vice President and Chief Financial Officer, Don Newman, will retire on March 1, 2026. Newman, who joined ATI in 2020, has played a crucial role in shaping the company's long-term strategy and strengthening its financial foundation. Under his leadership, ATI optimized its capital structure and returned capital to shareholders through share repurchases. As the company searches for a successor, Newman will continue to serve as CFO until his retirement and will remain in an advisory role to ensure a smooth transition. Rob Foster, ATI's Vice President of Financial and Operating Strategies, will lead the development of the company's 2026 financial plan.
Why It's Important?
Newman's retirement marks a significant transition for ATI, a company known for its high-performance materials and solutions in the aerospace and defense markets. His contributions have been instrumental in positioning ATI for continued growth and success. The search for a new CFO is critical as the company seeks a leader with deep operational experience and a strong track record in complex industrial or aerospace environments. This leadership change comes at a time when ATI is focused on executing its strategy and scaling for the next phase of growth, making the selection of a new CFO pivotal for maintaining momentum and achieving strategic goals.
What's Next?
ATI is engaging a leading executive search firm to assist in finding a successor for Newman, considering both internal and external candidates. The company is focused on identifying a finance leader who can continue to drive ATI's strategic initiatives and support its growth trajectory. As ATI reiterates its guidance for the third quarter and full year 2025, the transition period will be closely watched by stakeholders to ensure continuity and stability in the company's financial leadership.
