Global Leaders David Hess and Marianne Kah Join ATI Board
Extensive aerospace and energy expertise focused on innovation and
growth
PITTSBURGH–(BUSINESS WIRE)–Allegheny Technologies Incorporated (NYSE: ATI) today announced that
David P. Hess and Marianne Kah have been appointed to the ATI Board of
Directors, adding deep expertise in the aerospace and energy markets
that are key to ATI’s future.
“David and Marianne are global industry leaders known for strategically
driving growth and transformation to accelerate stakeholder value
creation,” said Diane C. Creel, ATI Board Chair. “As a premiere
aerospace leader, David is renowned for thoughtful capital allocation
while guiding strong growth at Pratt & Whitney and UTC. His aerospace
market perspective will be invaluable to ATI as we continue to partner
with our customers, growing our position as we execute the aerospace
production ramp,” said Creel.
“Marianne has earned a reputation as a true expert in global energy
markets and risk assessment, predicting the trends that will shape
markets and helping ConocoPhillips to become the world’s largest
independent exploration and production company. Her expertise in
materials supply and global policy sets her apart as a strategic thought
leader,” said Creel.
“These diverse perspectives will be instrumental as ATI pursues future
opportunities and refines its strategy to ensure success. The Board is
committed to refreshing its skillset to meet the Company’s evolving
needs.”
Hess brings 40 years of experience in the aerospace industry, including
38 at United Technologies Corporation where he retired as Executive Vice
President and Chief Customer Officer for Aerospace. From 2009 to 2014 he
was President of Pratt & Whitney, responsible for the company’s global
operations in the design, manufacture and service of engines for
commercial and military aircraft. Most recently, Hess served as the
interim CEO and a board member for Arconic Corporation. Hess was a
10-year member on the Aerospace Industries Association (AIA) Board of
Governors Executive Committee, serving as Chairman in 2012. He is a
Director for GKN Aerospace Transparency Systems, Inc., Chair of the
Board of Directors for Hartford HealthCare, and a Trustee for Hamilton
College. He is also a Fellow of the Royal Aeronautical Society. Hess
holds a bachelor’s degree in physics from Hamilton College and
bachelor’s and master’s degrees in electrical engineering from
Rensselaer Polytechnic Institute. He was awarded an MIT Sloan Fellowship
in 1989 and earned a master’s degree in management in 1990.
“ATI holds strong positions in aerospace and defense thanks to its
unique material science expertise and advanced process technologies. I
look forward to leveraging my knowledge of this industry to help ATI
optimize its strategies and further expand its position during the
current aerospace production ramp and beyond,” said Hess.
Kah is a global energy and raw materials markets expert with tremendous
experience in board-level strategic planning and risk analysis. As Chief
Economist for ConocoPhillips until 2017, she developed market outlooks,
risk assessments and scenario plans that drove corporate strategy. She
is a thought leader in global public policy, serving as an adjunct
senior research scholar and Advisory Board member of Columbia
University’s Center on Global Energy Policy, with a current focus on the
impact of disruptive technologies such as electrification, automation
and shared mobility on energy demand and transportation. She is
President of the U.S. Association for Energy Economics and a Director of
Petroleum Geo-Services. Kah holds an MPA from Syracuse University’s
Maxwell School of Citizenship and Public Affairs and a bachelor’s from
Cornell University.
“In today’s rapidly evolving business environment, I am eager to utilize
my expertise in strategy and scenario planning to help ATI ensure its
continued market leadership and to prioritize its opportunities to
automate, digitize and grow,” said Kah.
“David and Marianne have significant leadership experience and an
orientation toward relentless innovation that ATI constantly seeks,”
said ATI President and CEO Robert S. Wetherbee. “I believe both will
spark insightful, fresh thinking that will be invaluable to the ATI
Board and leadership team as we continue to transform our company for
the future.”
Hess will serve on the ATI Board of Directors’ Finance Committee and the
Nominating & Governance Committee, and his current term will extend
through the Company’s 2021 Annual Meeting of Stockholders. Kah will
serve on the Board’s Audit Committee and the Technology Committee, and
her current term will extend through the Company’s 2022 Annual Meeting
of Stockholders.
Creating Value Thru Relentless Innovation™
ATI is a global manufacturer of technically advanced specialty materials
and complex components. ATI revenue was $4.1 billion for the twelve
month period ended March 31, 2019. Our largest markets are aerospace &
defense, particularly jet engines. We also have a strong presence in the
oil & gas, electrical energy, medical, automotive, and other industrial
markets. ATI is a market leader in manufacturing differentiated
specialty alloys and forgings that require our unique manufacturing and
precision machining capabilities and our innovative new product
development competence. We are a leader in producing powders for use in
next-generation jet engine forgings and 3D-printed aerospace products.
See more at our website ATIMetals.com.
Contacts
Allegheny Technologies Incorporated
Investor Contact:
Scott A. Minder
412-395-2720
[email protected]
Media Contact:
Natalie Gillespie
412-394-2850
[email protected]
