Allegheny Technologies Incorporated (ATI) (Pittsburgh, Pennsylvania, USA), a global manufacturer of technically advanced specialty materials and complex components, announced the appointment of Robert S. Wetherbee as its board chair at the conclusion of its 2021 Annual Meeting. Wetherbee’s appointment is concurrent with the retirement of Diane C. Creel, who was lead independent director for ATI from 2011-2019 and who served as board chair for the past two years.
In addition, the ATI Board named one of its current members, J. Brett Harvey, its lead independent director. In this critical role, Harvey will provide oversight to ensure the Board’s independent and efficient operation, as well as serve as liaison between board members and ATI management.
In discussing the role of board chair, outgoing chair Creel says the following: “Combining the roles of CEO and Chair promotes unified leadership and direction for the Company, allowing a clear, sharp focus on the efficient implementation of ATI's strategies to increase shareholder value.”
“In the two years since Bob became CEO, he has seamlessly assumed leadership of ATI, building his leadership team, driving strong results, developing a long-term strategic vision, confronting the challenges brought on by the pandemic,” adds Creel. “The Board is confident in ATI's future under his leadership.”
Wetherbee was appointed president and CEO of ATI on January 1, 2019. He previously served as executive vice president of ATI's Flat Rolled Products business and led the ATI Tungsten Materials business prior to its sale in 2013.
“I am both honored and humbled by the confidence placed in me and look forward to continuing to lead ATI as we accelerate efforts to drive significant shareholder value,” says Wetherbee. “I thank Diane for her outstanding leadership and service to ATI's Board over many years. With our core strengths in materials science and advanced process technologies and our relentless, innovative people, ATI is well-positioned to solve the world's challenges.”
Harvey has served as a director of ATI since 2007. He previously served as chairman and CEO of CONSOL Energy Inc. and chairman of CNX Gas Corporation, a subsidiary of CONSOL.
Source: ATI, https://ir.atimetals.com.