- After about five and a half years in the position
- Praise and thanks for Wetherbee
- Kim Fields taking over
- Wetherbee will remain as Executive Chairman at ATI
- Wetherbee said 61 words
(exechange) — Dallas, Texas, February 23, 2024 — Bob Wetherbee, chief executive of ATI, leaves his position. As announced by ATI Inc. in a news release and in a regulatory filing published on Friday, February 23, 2024, Robert S. (Bob) Wetherbee leaves his post as chief executive officer at the producer of materials for the aerospace and defense markets, after about five and a half years in the role, effective July 1, 2024.
Bob Wetherbee’s duties as CEO will be taken over by Kimberly A. (Kim) Fields, currently President and Chief Operating Officer at ATI Inc.
“Ready to lead”
The planned management change is explained as follows. Wetherbee stated: “Kim is ready to lead this organization.”
Wetherbee will remain as Executive Chairman at ATI
ATI stated: “As CEO, Fields will succeed Robert S. Wetherbee, who will become Executive Chairman.”
Share price increase since February 2019
The announcement follows an increase in ATI Inc.’s share price of 69% since February 2019.
In the position of CEO since 2019
Bob Wetherbee became CEO of the Company in 2019.
Wetherbee began serving as ATI’s President and Chief Executive Officer and as a member of the Board on January 1, 2019.
He was appointed Board Chair in May 2021.
He served as Executive Vice President, ATI Flat Rolled Products Group, from January 2015 to December 2018, and prior to that, was the President of ATI Flat Rolled Products from April 2014 to January 2015.
From March 2013 to February 2014, Wetherbee was President and Chief Executive Officer of Minerals Technologies, Inc.
He served as President of ATI’s tungsten business from 2010 through 2012, following a 29-year career with Alcoa Inc.
61 words by Bob Wetherbee
In the release announcing his departure as CEO of ATI Inc., Bob Wetherbee received praise and thanks.
In announcing his departure, Bob Wetherbee said 61 words.
“Further accelerate our growth and value creation”
Bob Wetherbee stated: “ATI is well-positioned, on a clear path to $5 billion in revenue and $1 billion in EBITDA by 2027. We have the capabilities, and the team is aligned to deliver. Kim is ready to lead this organization. Her demonstrated operational and commercial success makes her proven to perform. As ATI’s next CEO, Kim will further accelerate our growth and value creation.”
The above text is an excerpt from the exechange report 9.2024 ($), publication date February 26, 2024.