ATI names CEO Fields as future board chair as Wetherbee plans exit

DALLAS - ATI Inc. (NYSE:ATI) announced Tuesday that its Board of Directors has elected current Chief Executive Officer and President Kimberly A. Fields to become Board Chair, effective May 14, 2026, following the retirement of Robert S. Wetherbee as Executive Chair and board member. The specialty materials company, currently valued at $13.42 billion, has seen its stock surge 79.41% year-to-date.

Fields, who has served as CEO since July 1, 2024, previously held senior leadership positions including President and Chief Operating Officer since joining the company in 2019. She has been a board director since February 2024.

The aerospace and defense materials producer indicated that combining the CEO and Chair roles is intended to provide unified leadership for the company.

"Combining the roles of CEO and Chair promotes unified leadership and direction for the Company," said Lead Independent Director Brett Harvey in the press release.

Wetherbee, who has served as Executive Chairman since stepping down as CEO in July 2024, led ATI's transformation toward aerospace and defense markets, which now account for approximately 70% of the company's revenue.

The leadership transition comes as ATI continues to focus on materials production for aerospace and defense applications. The company produces high-performance materials for these sectors along with electronics, medical and specialty energy markets.

According to the company statement, Fields will continue implementing ATI's strategy of expanding capacity and capabilities for specialized materials while strengthening customer partnerships.

The information in this article is based on a press release issued by ATI Inc.

In other recent news, ATI Inc. reported strong financial results for the third quarter of 2025, with earnings per share (EPS) reaching $0.85. This figure exceeded analyst projections of $0.73 by 16.44%, highlighting the company's robust performance. Revenue for the quarter was $1.13 billion, slightly surpassing expectations and reinforcing investor confidence. Additionally, KeyBanc upgraded ATI's stock rating from Sector Weight to Overweight, setting a price target of $120.00. The upgrade was influenced by ATI's core EBITDA margin performance for the second half of 2025, which aligns with the company's 2027 targets despite anticipated growth in aerospace and defense sales. These developments reflect the company's strategic positioning and operational strength. Investors are taking note of these positive indicators as ATI continues to demonstrate financial resilience. The recent analyst upgrade and strong earnings report are key highlights for stakeholders.

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