# Tony Thene

> Tony Ray Thene is chairman, president and chief executive officer of Carpenter Technology Corporation. A certified public accountant with 23 years of experience at Alcoa, he joined Carpenter as CFO in 2013 and first became CEO in 2015. His work has included a customer-led strategy, the Carpenter Operating Model, additive manufacturing and soft magnetic materials investments. He returned to the CEO and president roles in July 2026.

- **Role:** Chairman, President and Chief Executive Officer at Carpenter Technology Corporation
- **Organizations:** Carpenter Technology Corporation, Alcoa Inc. (former executive), Neenah Inc. (former director), Mativ Holdings Inc. (former director), Furman University (former trustee)
- **Nationality:** American
- **Education:** Bachelor’s degree in Accounting, Indiana State University Evansville (now University of Southern Indiana), Master of Business Administration, Case Western Reserve University, Weatherhead School of Management
- **Known for:** Introduced the Carpenter Operating Model based on lean manufacturing principles., Led Carpenter’s customer-focused strategy across technology development, operations, strategic marketing and talent engagement., Oversaw the launch of Carpenter Additive in 2019.

## Career timeline

- **1983** — Graduated in accounting from the Evansville institution now known as the University of Southern Indiana.
- **2008** — University alumni magazine reported his appointment as Alcoa vice president and controller; identified his first Alcoa role as senior product accountant at Warrick Operations.
- **2010-2013** — CFO of Alcoa’s Engineered Products and Solutions business group.
- **2013** — Joined Carpenter Technology as senior vice president and CFO on January 31.
- **2015** — Became Carpenter president, CEO and director on July 1.
- **2019** — Carpenter Additive launched in May; Emerging Technology Center opened in Alabama in December.
- **2025** — Became chairman on October 7; Brian Malloy became president and COO.
- **2026-07-01** — Transitioned to executive chairman as Brian Malloy became CEO.
- **2026-07-26** — Returned as president and CEO while retaining the chairmanship.

## Achievements

- Introduced the Carpenter Operating Model based on lean manufacturing principles.
- Led Carpenter’s customer-focused strategy across technology development, operations, strategic marketing and talent engagement.
- Oversaw the launch of Carpenter Additive in 2019.
- Led Carpenter during investments in additive manufacturing and soft magnetic materials.
- Carpenter reported $702.0 million of operating income for fiscal 2026, compared with $521.8 million reported operating income and $525.4 million adjusted operating income in fiscal 2025.

## Latest updates

- **2026-10** — On October 22, Carpenter reported Q1 fiscal 2027 operating income of $196.4 million, up 28% year over year, and maintained its FY2027 guidance.
- **2026-08** — Welcomed former Howmet CFO Ken Giacobbe to Carpenter’s board, effective August 11.
- **2026-07** — Returned to the president and CEO roles effective July 26, retaining the chairmanship.
- **2026-07** — Carpenter reported fiscal 2026 net sales of $3,124.2 million and operating income of $702.0 million.

## Links

- Website: https://www.carpentertechnology.com/
- LinkedIn: https://www.linkedin.com/in/tony-thene-8183a943

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Profile page: https://yespress.io/tony-thene
Published by YesPress — https://yespress.io
Last updated: 2026-10-22