🔴 Carpenter Technology shares down 5% as CEO Brian Malloy unexpectedly passes away; Tony Thene reappointed CEO

Shares of Carpenter Technology are trading 5% down at $575.48 following the unexpected passing of President and CEO Brian Malloy on July 24, 2026.

• The Board of Directors has immediately appointed Executive Chairman Tony Thene to return as Chief Executive Officer.
• The company is also preparing for its next earnings report, estimated for July 30, 2026.