ATI CFO Pat DeCourcy Announces Intention to Retire in 2020

Allegheny Technologies Incorporated ATI announced today that Patrick J. DeCourcy, who has served as the Company's Senior Vice President, Finance and Chief Financial Officer since 2013, intends to retire after a successful ATI career. To ensure a smooth leadership transition, he will remain in his current role until his successor is appointed and will retire from ATI on March 31, 2020. ATI is engaged in a robust search process for its next CFO.

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Patrick J. DeCourcy (Photo: Business Wire)

"Pat has been a steadfast and highly respected member of ATI's senior leadership team, contributing significantly to the Company's successful navigation of a transformational business period," said Robert S. Wetherbee, ATI's President and Chief Executive Officer. "On behalf of the entire team, I want to thank Pat for his leadership and service to ATI. I am confident that Pat's many achievements as CFO, including development of a strong financial team and relentless focus on balance sheet improvements, will continue to provide a foundation for our strategic initiatives well into the future. We wish Pat all the best in his upcoming retirement."

"It has been an honor and a privilege to serve as CFO for the past six years. I have enjoyed working with all of the dedicated ATI team members over my career and I wish the company continued success," said DeCourcy.

Creating Value Thru Relentless Innovation™

ATI is a global manufacturer of technically advanced specialty materials and complex components. ATI revenue was $4.1 billion for the twelve-month period ended June 30, 2019. Our largest markets are aerospace & defense, particularly jet engines. We also have a strong presence in the oil & gas, energy, medical, automotive, and other industrial markets. ATI is a market leader in manufacturing differentiated specialty alloys and forgings that require our unique manufacturing and precision machining capabilities and our innovative new product development competence. We are a leader in producing powders for use in next-generation jet engine forgings and 3D-printed aerospace products. See more at our website ATImetals.com.

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