STAMFORD, Conn., May 08, 2017 (GLOBE NEWSWIRE) -- Hexcel Corporation (NYSE:HXL) announced today that Executive Vice President and Chief Financial Officer Wayne Pensky intends to retire on December 31 after more than 24 years with the company.
Hexcel Chairman, CEO and President Nick Stanage said, “Wayne has made innumerable contributions at Hexcel. He has been an outstanding CFO who has significantly influenced our business strategy, our financial performance and our pursuit of operational excellence. While he will be greatly missed, I respect his decision and look forward to his continued counsel as an advisor to our team through the end of the year.”
The Company’s Board of Directors appointed Patrick Winterlich to succeed Mr. Pensky as Executive Vice President and Chief Financial Officer, effective September 1 when Mr. Pensky will transition into the role of Special Advisor to the Chief Executive Officer.
Mr. Winterlich, who is currently Senior Vice President – Tax, Systems & Enterprise Reporting, joined Hexcel in 1998 and has held roles of increasing responsibility in Operations, Finance and Information Technology. Prior to Hexcel, he held various finance roles at Courtaulds. He has a degree in accounting and financial analysis from Warwick University and is a member of the Chartered Institute of Management Accountants.
Mr. Stanage said, “I am pleased that we have a strong talent management process and such great bench strength at Hexcel that our Board could appoint an executive as qualified as Patrick Winterlich to the role, providing for a smooth and seamless transition between leaders.”
Hexcel Corporation is a leading advanced composites company. It develops, manufactures and markets lightweight, high-performance structural materials including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered core and composite structures for use in commercial aerospace, space and defense and industrial applications.