Carpenter Tech names Brian Malloy CEO effective July 1; Thene becomes Executive Chairman

CARPENTER TECHNOLOGY CORP

Board expanded from 11 to 12; Brian J. Malloy appointed director effective July 1, 2026.
Malloy, current President & COO, becomes President & CEO on July 1; Tony R. Thene becomes Executive Chairman.
Malloy base salary $1M/year, target cash bonus 125% of salary, equity award $4.5M for FY2027.
Thene base salary $1M/year, target cash bonus 100% of salary, equity award $2M for FY2027.
Both remain eligible for deferred comp, severance, and change-in-control plans.

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