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National Association of Manufacturers President Jay Timmons discusses President Donald Trump’s manufacturing agenda, tax policy, factory investment and the future of American industry on \u2018Mornings with Maria.\u2019<\/p>\n
Carpenter Technology CEO Brian Malloy died suddenly just weeks after taking the helm of the specialty materials manufacturer, the company announced Monday.<\/p>\n
Malloy, who became president and CEO July 1, died “suddenly and unexpectedly” Friday, July 24, according to a news release from the Philadelphia-based company.\u00a0<\/p>\n
A cause of death was not disclosed.<\/p>\n
“We are deeply saddened by Brian\u2019s passing,” Carpenter Technology\u2019s board of directors said in a statement.<\/p>\n
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Carpenter Technology CEO Brian Malloy died suddenly just weeks after taking the helm of the specialty materials manufacturer, the company announced Monday. (Facebook\/Luiza Puculowski Malloy)<\/p>\n
“Over the past decade, Brian made significant contributions to Carpenter Technology and was a respected leader with a strong commitment to performance, operational excellence, and the Company\u2019s long-term success,” the board added. “We extend our deepest sympathies to Brian\u2019s family and loved ones during this difficult time.”<\/p>\n
The board appointed Executive Chairman Tony Thene to return as CEO, effective immediately. Thene, who led Carpenter Technology from 2015 through June 2026, will also remain chairman.<\/p>\n
Malloy spent a decade at Carpenter Technology and had served as chief operating officer since 2023.<\/p>\n
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Malloy spent a decade at Carpenter Technology and had served as chief operating officer since 2023. <\/p>\n
When the company announced Malloy\u2019s appointment in February, Thene called him a “proven leader” with “deep operational experience” and a track record of delivering results across the company\u2019s businesses.<\/p>\n
Malloy said at the time that he was “honored” to be selected as the company\u2019s next chief executive.<\/p>\n
“I am honored to be named the next CEO of Carpenter Technology,” Malloy said in February. “Tony\u2019s strategic vision has reshaped Carpenter Technology by building a culture of performance, strengthening our market position, and delivering meaningful value for all stakeholders.”<\/p>\n
Ticker Security Last Change Change % CRS CARPENTER TECHNOLOGY CORP. 503.71 -26.91
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The board appointed Executive Chairman Tony Thene to return as CEO, effective immediately.\u00a0 (Cheng Xin\/Getty Images)<\/p>\n
Before joining Carpenter Technology, Malloy held senior leadership roles at Ametek and Alcoa.<\/p>\n
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A Carpenter Technology spokesperson told FOX Business the company would not comment further “out of respect for the privacy of the family.”<\/p>\n
#Philadelphiaarea #CEO #Brian #Malloy #dies #suddenly #weeks #helm<\/p>\n","protected":false},"excerpt":{"rendered":"
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