Carpenter Technology Corporation Announces Senior Leadership Appointments

• Marshall Akins promoted to Senior Vice President – Chief Operating Officer
• John Huyette promoted to Vice President – Chief Commercial Officer
• Bill Besash promoted to Vice President – Investor Relations and Corporate Development
  
  

PHILADELPHIA, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) today announced leadership changes within its Operations, Commercial, and Investor Relations functions.

Effective immediately, Marshall Akins has been named Senior Vice President – Chief Operating Officer. In this role, Mr. Akins will oversee the operations of Carpenter Technology’s Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP) business segments. He will also continue to lead the Production Planning and Procurement functions. Mr. Akins will continue to report directly to Tony Thene, Chairman, President and Chief Executive Officer.

“With demand across our key end-use markets continuing to accelerate, Marshall’s combination of deep customer relationships, market knowledge, and understanding of our complex production capabilities positions him well to drive results across our operations,” said Tony Thene, Chairman, President and Chief Executive Officer of Carpenter Technology. “Through his leadership across both the Commercial and Production Planning organizations, he’s developed a comprehensive understanding of how we align our capabilities with our customers’ needs. I am confident his leadership will help us build on our strong operational momentum and capitalize on the significant growth opportunities ahead.”

John Huyette has been named Vice President – Chief Commercial Officer. In this role, he will be responsible for the Company’s commercial operations, including commercial strategy, market development, sales, and customer solutions support. Mr. Huyette will report directly to Tony Thene, Chairman, President and Chief Executive Officer.

“We are pleased to appoint John Huyette as Vice President – Chief Commercial Officer. John has developed a deep knowledge of our business, our industry, and our capabilities through his prior experience in the commercial organization and his current role. His understanding of our markets, our customers’ needs and the growth opportunities ahead will help us advance our commercial strategy and build on our strong momentum. John’s extensive experience and strong relationships across the organization will also ensure a seamless transition as Marshall moves into the Chief Operating Officer role.”

Bill Besash has been named Vice President – Investor Relations and Corporate Development. In this role, he will be responsible for the Company's investor relations and corporate development activities, including shareholder and analyst engagement, capital markets communications, and the evaluation of strategic growth opportunities. Over the coming months, Mr. Huyette will work closely with Mr. Besash to transition responsibilities to provide continuity with the investment community. Mr. Besash will report directly to Tim Lain, Senior Vice President and Chief Financial Officer.

“We are also pleased to name Bill Besash as Vice President – Investor Relations and Corporate Development. Since joining Carpenter Technology, Bill has brought a strategic perspective and a strong understanding of our end-use markets to our commercial organization, helping shape how we identify and pursue long-term growth opportunities. His background in global strategy and management consulting positions him well to clearly articulate our long-term value creation opportunity to the investment community and lead our corporate development efforts.”

About the Executives

Marshall Akins

Mr. Akins joined Carpenter Technology in 2016 and currently serves as Vice President – Chief Commercial Officer. He previously served as Vice President – Aerospace, where he led the Company’s commercial activities in the Aerospace and Defense end-use market. He holds an MBA from Harvard Business School and a Bachelor of Arts degree from Princeton University.

John Huyette

Mr. Huyette joined Carpenter Technology in 2018 and currently serves as Vice President – Corporate Development and Investor Relations. He previously served as Vice President – Strategic Marketing, reporting to the Chief Commercial Officer. He holds an MBA from the University of Chicago Booth School of Business and a Bachelor of Arts degree from Georgetown University.

Bill Besash

Mr. Besash joined Carpenter Technology in 2025 and currently serves as Vice President – Strategic Marketing. Prior to joining Carpenter Technology, he served as Head of Global Strategy for the Professional Hygiene business unit of Essity, a leading global hygiene and health company, and previously was with Boston Consulting Group. He holds an MBA from the University of Virginia Darden School of Business and a Bachelor of Science degree from Wake Forest University.

About Carpenter Technology

Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy materials and process solutions for critical applications in the aerospace and defense, medical, transportation, energy, and industrial and consumer markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys including nickel, cobalt, and titanium and material process capabilities that solve our customers' current and future material challenges. More information about Carpenter Technology can be found at www.carpentertechnology.com.