Rob Foster will become ATI Inc.’s Chief Financial Officer and Senior Vice President, Finance, on January 1, 2026, following the retirement of current CFO Don Newman. Foster, a long‑time ATI executive, has led the Specialty Alloys & Components business and has overseen finance, supply chain and capital projects across the company, positioning him to sustain disciplined investment and operational excellence as ATI expands capacity and returns capital to shareholders.
Foster’s career at ATI began in 2012 and has spanned multiple senior roles. He served as President of the Specialty Alloys & Components unit, Vice President of Finance, Supply Chain and Capital Projects, and later as head of finance operations for both operating segments and the Forged Products business. His deep operational experience and proven track record of cost control and margin improvement make him a natural fit to guide ATI’s financial strategy during a period of accelerated growth in aerospace and defense.
Don Newman will retire on March 1, 2026, after a 20‑year tenure as CFO. He will transition to a strategic advisory role for the CEO, ensuring a smooth handover and preserving continuity in financial stewardship. Newman's leadership helped transform ATI’s balance sheet, optimize capital structure and launch a $700 million share‑repurchase program that has returned significant value to shareholders.
ATI’s Q3 2025 results underscore the strategic fit of Foster’s appointment. The company reported adjusted earnings per share of $0.85, beating the consensus estimate of $0.73 by $0.12 (a 16.4% beat). Revenue rose to $1.13 billion, slightly above expectations, driven by a 70% share of sales in the aerospace and defense segment, which grew 12% YoY to $793 million. Adjusted EBITDA margin expanded to 20.0% from 17.7% in Q3 2024, reflecting pricing power in high‑margin HPMC and AA&S segments and disciplined cost management. These strong fundamentals support ATI’s multi‑year $700 million share‑repurchase program and justify the confidence expressed by the new CFO.
CEO Kim Fields praised Foster’s operational and financial expertise, noting that “Rob is a proven P&L leader with enterprise‑wide experience in the areas that matter most to ATI’s continued growth.” Foster echoed this sentiment, stating that “ATI is well‑positioned with a strong balance sheet, focused strategy and significant opportunities ahead.” Outgoing CFO Don Newman added that “Rob is an exceptional leader who understands ATI’s strategy, operations and financial drivers,” highlighting the seamless transition and the company’s continued focus on disciplined investment.
Following the announcement, KeyBanc upgraded ATI’s rating from “Sector Weight” to “Overweight,” citing the EPS beat and robust core EBITDA margin as key drivers. The market reaction reflects confidence in ATI’s ability to sustain margin expansion and capitalize on growing demand in aerospace and defense, while the share‑repurchase program signals management’s commitment to returning capital to shareholders.
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