8-KLeadership Changes

CARPENTER TECHNOLOGY CORP 8-K Report, Executive Changes (Jul 18, 2005)

Filed July 18, 2005For Securities:CRS

Summary

Carpenter Technology Corporation (CRS) filed an 8-K report on July 18, 2005, to announce a significant change in its principal accounting officer. Richard Chamberlain, the Corporate Controller, stepped down in anticipation of his retirement, effective August 1, 2005. This transition marks the end of Mr. Chamberlain's tenure in this key financial role. The company has appointed Richard Simons to succeed Mr. Chamberlain as Corporate Controller and principal accounting officer, effective the same date, July 18, 2005. Mr. Simons will also hold the title of Vice President. His extensive background, including a Bachelor's degree in Accounting, an MBA, CPA certification, and 22 years at Hardinge, Inc., where he served as Executive Vice President & CFO for eight years, suggests a strong financial leadership transition.

Key Highlights

  • 1Richard Chamberlain, Corporate Controller and principal accounting officer, is stepping down in anticipation of his retirement.
  • 2Richard Chamberlain's retirement is effective August 1, 2005.
  • 3Richard Simons has been appointed as the new Corporate Controller and principal accounting officer, effective July 18, 2005.
  • 4Richard Simons will also assume the role of Vice President of Carpenter Technology Corporation.
  • 5Mr. Simons brings 22 years of experience from Hardinge, Inc., including 8 years as Executive Vice President & CFO.
  • 6Mr. Simons is a CPA with a Bachelor's degree in Accounting and an MBA from Rochester Institute of Technology.
  • 7The appointment of Mr. Simons is effective immediately and he will serve at the pleasure of the Board of Directors, CEO, and CFO.

Frequently Asked Questions

Richard Chamberlain, the Corporate Controller and principal accounting officer, is stepping down from his role in anticipation of his retirement.

Richard Chamberlain's retirement is effective August 1, 2005.

Richard Simons has been appointed as the new Corporate Controller and principal accounting officer, effective July 18, 2005. He will also serve as a Vice President.

Richard Simons has 22 years of experience with Hardinge, Inc., where he most recently served as Executive Vice President & CFO for eight years. He is a CPA with a strong educational background in accounting and finance.