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Hexcel Corporation (NYSE:HXL) announced Monday that its Board of Directors has appointed Michael C. Lenz as Executive Vice President and Interim Chief Financial Officer, effective upon the resignation of current CFO Patrick Winterlich on November 30. The appointment was disclosed in a press release statement based on a filing with the Securities and Exchange Commission.
Lenz will join Hexcel on Wednesday to begin the transition process. He will serve as the company’s principal financial officer on a temporary basis while Hexcel continues to search for a permanent CFO.
Prior to joining Hexcel, Lenz, age 62, served as Executive Vice President and Chief Financial Officer of FedEx Corp. from September 2020 until July 31, 2023, and as a Senior Advisor at FedEx until his retirement on December 31, 2023. His previous roles at FedEx included Executive Vice President and CFO-Elect, Corporate Vice President and Treasurer, and other senior finance positions. Lenz also held finance and commercial roles at American Airlines, Inc. from 1994 to 2005.
Since May 2025, Lenz has served on the board of directors of Republic Airways and is a member of its audit and compensation committees.
Lenz’s compensation as interim CFO will include a base salary of $65,000 per month for a minimum of three months and a cash bonus targeted at 85% of base salary earned during his employment. He will be eligible to participate in certain retirement and employee benefit plans available to other executive officers and will receive reimbursement of up to $15,000 for legal expenses related to his employment terms.
According to the SEC filing, there were no arrangements or understandings with any other person regarding Lenz’s selection as interim CFO. He does not have any family relationships with directors or executive officers of the company and has no material interest in any transaction requiring disclosure.
Hexcel Corporation is based in Stamford, Connecticut and its common stock is listed on the New York Stock Exchange under the symbol HXL.
In other recent news, Hexcel Corporation reported its third-quarter earnings for 2025, surpassing analyst expectations. The company achieved an earnings per share of $0.37, slightly above the forecast of $0.36. Hexcel’s revenue also exceeded projections, reaching $456 million compared to the anticipated $443.2 million. In another development, Jeffrey C. Campbell, the Lead Director of Hexcel, announced he will not stand for reelection at the company’s 2026 Annual Meeting of Stockholders. Campbell has been a board member since 2003 and has served as Lead Director since 2018. He is also part of the Audit Committee and the Nominating, Governance, and Sustainability Committee. These recent developments highlight significant changes and achievements within Hexcel Corporation.
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