Senior Executive Wulfsohn Leaves PPG for CEO Position
William Wulfsohn, senior vice president of industrial coatings at PPG, is leaving the Pittsburgh-based paint firm to become president and CEO of Carpenter Technology Corp. in Eastern Pennsylvania effective June 11. Carpenter Technology said Wulfsohn, who has been a member of the company's board of directors, would replace interim president and CEO Gregory Pratt. PPG has not named a replacement. Wulfsohn has been a senior vice president since 2005 and was responsible for the company’s automotive, industrial and packaging coatings businesses, PPG’s Asia/Pacific region and information technology. Wulfsohn joined the company in 2003 as vice president of coatings and managing director for PPG Europe. Carpenter is a producer and distributer of specialty alloys, including high temperature stainless steels, powder products, specialty tool and die steels, titanium alloys and super alloys. The company reported third quarter sales, for the period ended March 31, of $336.9 million. "Carpenter has maintained a strong financial and industry position over its 125 year history," Wulfsohn said in a written statement. "I am honored to be a part of this great company, and look forward to our exciting future; one in which we have the opportunity to grow our presence across the world and expand the breadth of our offerings to diverse industries."