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Specialty materials producer Allegheny names new CFO

Specialty materials producer Allegheny Technologies Inc. said Dec. 18 that Don Newman will serve as the company's senior vice president, finance and CFO, effective Jan. 6, 2020.

Newman will replace Pat DeCourcy who will remain as senior vice president and special advisor to the CEO until his retirement on March 31, 2020, after his 31 years of service in the company.

Prior to joining ATI, Newman held CFO positions at Stelco Holdings Inc., Headwaters Inc and interim CFO position at Boart Longyear Ltd.

In November, the company announced an issuance of US$350 million of 5.875% senior unsecured notes due December 2027, to buy back debt.