Exhibit 99.1
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![LOGO](https://capedge.com/proxy/8-K/0001193125-21-303627/g199774g1020200427826.jpg) | | NEWS RELEASE |
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Allegheny Technologies Incorporated Corporate Headquarters 1000 Six PPG Place Pittsburgh, PA 15222-5479 U.S.A. www.ATImetals.com | | Investor Contact: Scott A. Minder 412-395-2720 scott.minder@atimetals.com | | Media Contact: Natalie Gillespie 412-394-2850 natalie.gillespie@atimetals.com |
Kimberly Fields Named Chief Operating Officer, Don Newman EVP
Driving revenue growth through tightly aligned operations and financial discipline
PITTSBURGH, PA—October 21, 2021—Allegheny Technologies Incorporated (NYSE: ATI) announced that the Board of Directors has appointed Kimberly A. Fields to serve as Executive Vice President and Chief Operating Officer of ATI, effective January 1, 2022.
The company also announced that Don Newman, Senior Vice President, Finance and Chief Financial Officer, has been promoted to Executive Vice President, Finance and Chief Financial Officer, effective January 1, 2022.
Fields currently serves as Executive Vice President of ATI’s business segments. She is driving business operations with an increasingly coordinated view to create synergies and intensify focus on the company’s strategy to be a global aerospace and defense leader.
“Kim is leading our businesses to be more aligned and collaborative to accelerate execution,” said Robert S. Wetherbee, President, Board Chair and CEO. “As our markets recover and asset utilization increases, we’re positioned to expand revenue growth rates and decrease inventory intensity as streamlined material flow paths create additional capacity,” he said. “Establishing Kim as COO furthers our commitment to operating as one ATI.”
Fields joined ATI in 2019 as Executive Vice President and was promoted in December 2020 to lead both business segments, Advanced Alloys & Solutions and High Performance Materials & Components. She brings more than 20 years of global experience with a focus on growth and operational excellence. Prior to joining ATI, Fields served as Group President for Industrial and Energy at IDEX Corporation and held commercial, manufacturing, and strategic leadership positions at GE and EVRAZ.
Regarding Don Newman’s appointment to Executive Vice President and Chief Financial Officer, Wetherbee said “Don plays a key leadership role in development of our growth and profit margin expansion strategies. Since joining ATI in early 2020, he has been instrumental in guiding the company through the financial downturn. His focus on maintaining a solid foundation of cash and liquidity is enabling the company to emerge stronger as the global economic recovery gains velocity,” said Wetherbee. “He is focused on ensuring that we build the capabilities and discipline to lock in profitability gains.”