Carpenter Technology appoints new Chief Financial Officer

News
August 14, 2018

August 14, 2018

Carpenter Technology appoints new Chief Financial Officer

Timothy Lain will serve as Carpenter’s Vice President and Chief Financial Officer effective September 14, 2018 (Courtesy Carpenter Technology Corporation)

 

Carpenter Technology Corporation, a producer and distributor of specialty alloys including titanium alloys, nickel and cobalt-based superalloys, stainless steels, alloy steels and tool steels, has appointed Timothy Lain as its new Vice President and Chief Financial Officer, effective September 14, 2018. Lain will succeed Damon Audia, who is said to be leaving the company to pursue another role.

According to Carpenter, Lain has offers more than twenty years of financial experience including eleven years at Carpenter, where he has served as Vice President – Controller & Chief Accounting Officer, since June 2013. In this role, he is said to have been responsible for all aspects of the company’s technical accounting and reporting matters, and has participated broadly in the financial and strategic management of the company. From June 2015 to October 2015, he served as Acting Chief Financial Officer.

As CFO, he will continue to execute the company’s overall financial strategy, including cost management, capital allocation and balance sheet optimisation. He holds a Bachelor’s Degree in Accounting from the Fox School of Business at Temple University and, prior to joining Carpenter, served as Audit Director at McGladrey & Pullen.

Tony Thene, Chief Executive Officer of Carpenter Technology, stated, “This CFO transition reflects our commitment to ensuring that Carpenter has world-class leaders to support the company as we grow and evolve as a leading solutions provider. Tim’s knowledge of Carpenter and his experience serving as the Acting CFO in the past make him well suited to serve as our new CFO. We are pleased to benefit from his knowledge and expertise.”

“On behalf of the company, I want to thank Damon for his significant contributions and his willingness to stay on until September 14, 2018 to ensure a smooth transition. He has helped position the company for continued growth, and we wish him the best in his future endeavours,” he concluded.

www.cartech.com

News
August 14, 2018

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • The GRCop story: The development, production and Additive Manufacturing of NASA’s rocket engine alloys
  • Formnext 2023: Innovations in metal Additive Manufacturing from the industry’s leading international exhibition
  • Cybersecurity in Additive Manufacturing: Securing the industry’s future
  • Additive Manufacturing in the jewellery industry: exploring the potential of platinum and titanium
  • Mission possible: The five-year plan to gain FAA and EASA acceptance of in-process monitoring

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap