Moves include New CFO and Establishment of Chief Risk Officer to
Oversee Risk Management Activities
RTI International Metals, Inc. (NYSE:RTI), a leading vertically
integrated global supplier of advanced titanium and specialty metals
products and services, announced today a reorganization of its financial
and risk management activities to meet needs created by the Company's
continuing strategic growth and operational diversification.
The moves include the naming of a new Chief Financial Officer to RTI's
executive team, as well as the creation of a new department that
consolidates enterprise risk management under an executive-level Chief
Risk Officer, a new designation for RTI.
Under the reorganization, effective July 1, 2014, Michael G. McAuley
joins RTI as Senior Vice President and Chief Financial Officer with
responsibility for all financial operations including accounting and
financial reporting, treasury, investor relations, tax and corporate
development. Current Senior Vice President Bill Hull becomes RTI's first
Chief Risk Officer after seven years as the company's CFO. His
responsibilities in this new role include enterprise-wide risk
management activities, internal audit, and business acquisition
integration. Both McAuley and Hull will report to Dawne S. Hickton, Vice
Chair, President and CEO of RTI.
McAuley brings to RTI 25 years of experience in a broad range of
financial management responsibilities for public companies. From 2004 to
2012 he held positions including Vice President and Treasurer, and Vice
President and Segment Controller at Goodrich Corporation, an aerospace
and defense company acquired by United Technologies Corporation in July
2012. Prior to joining Goodrich, McAuley spent more than 16 years at Air
Products and Chemicals, Inc., in corporate and divisional financial
management positions that included investor relations, controller,
financial analyst and auditor.
"RTI is a vastly different company today from seven years ago when I
began as CEO. This reorganization sharpens our focus and adds required
resources to meet the expanding financial and risk management needs of
our organization as we continue to execute on our strategic plan and
grow our business," Dawne S. Hickton, Vice Chair, President and CEO of
RTI, said. "It will provide us with enhanced control of RTI's financial
and operating processes, improved resource allocation, and better
execution throughout the organization, all of which play major roles in
our performance. I am very pleased that RTI will have the new talents of
Mike McAuley and the continuing skills and abilities of Bill Hull to
meet our needs as we move forward."
RTI International Metals, Inc. is a leading vertically integrated global
supplier of advanced titanium and specialty metals products and services
to commercial aerospace, defense, energy, medical device and other
customers. For more than 60 years, RTI has been taking titanium further
through advanced manufacturing, engineering, machining, and forming
processes. RTI delivers titanium mill products, extruded shapes, formed
and 3D-printed parts, and highly engineered precision-machined
components through our downstream integrated supply chain.
Headquartered in Pittsburgh, Pa., RTI has locations in the United
States, Canada, Europe, and Asia. To learn more about RTI International
Metals, Inc., visit our website at www.rtiintl.com.
Source: RTI International Metals, Inc.