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DALLAS - ATI Inc. (NYSE:ATI), a $10.32 billion market cap materials company with annual revenues of $4.51 billion, announced Wednesday that Chief Financial Officer Don Newman will retire on March 1, 2026, after serving in the role since 2020.
Newman will continue as CFO until his retirement date and then serve in an advisory capacity to ensure a smooth transition. The company has initiated a search for his successor with the help of a leading executive search firm, considering both internal and external candidates.
During his tenure, Newman played a significant role in transforming ATI’s balance sheet, optimizing its capital structure, and implementing share repurchase programs. He was also involved in the company’s strategic shift toward becoming a majority aerospace and defense business. According to InvestingPro data, the company maintains a healthy current ratio of 2.52 and has achieved a perfect Piotroski Score of 9, indicating strong financial health.
"Don has been instrumental in shaping ATI’s long-term strategy and strengthening our financial foundation, helping to position the company for continued growth," said Kimberly A. Fields, President and CEO of ATI, in a press release statement.
Rob Foster, ATI’s Vice President of Financial and Operating Strategies, will lead the development of the company’s 2026 financial plan during the transition period. Foster previously served as President of Specialty Alloys & Components and has held leadership positions across various ATI businesses.
ATI, a producer of high-performance materials for aerospace, defense, electronics, medical, and specialty energy markets, reaffirmed its guidance for the third quarter and full year 2025. The company’s stock has shown remarkable momentum with a 46.68% price return over the past six months, though InvestingPro analysis suggests the stock is currently trading above its Fair Value. Investors can access 10+ additional ProTips and comprehensive analysis through InvestingPro’s detailed research report.
The company stated it is seeking a proven finance leader with operational experience and a strong performance record in complex industrial or aerospace environments for the CFO position.
In other recent news, ATI Inc. reported its second-quarter earnings for 2025, showing mixed results. The company’s earnings per share exceeded expectations at $0.74, surpassing the forecast of $0.71. However, revenue did not meet projections, coming in at $1.14 billion, slightly below the anticipated $1.16 billion. In further developments, ATI announced the appointment of two new aerospace executives to its Board of Directors, Elizabeth Lund and Jean Lydon-Rodgers, effective November 1, 2025. Lund brings extensive experience from Boeing, where she held senior positions in quality and supply chain management. These appointments are part of ATI’s ongoing efforts to strengthen its leadership team. The news highlights recent strategic and financial developments within the company.
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