Carpenter Technology Corporation announced that Brian Malloy has been named Senior Vice President and Group President of Carpenter Technology's Performance Engineered Products (PEP) segment. In this role, Mr. Malloy will lead the PEP portfolio of businesses (Carpenter Additive, Dynamet Inc. and Carpenter Distribution) and related services. He will be responsible for leading PEP's safety performance, driving growth, ensuring operational performance and enabling commercial excellence.

In addition to leadership of the PEP segment, he will also lead the Company's marketing organization and the Company's electrification efforts. In addition, Marshall Akins has been promoted to Vice President and Chief Commercial Officer. In this role, Mr. Akins will oversee the Company's commercial operations and execution of key commercial growth strategies.

This includes commercial strategy, market development, and sales and customer support across Carpenter Technology. He will also join the Company's Executive Leadership Team.