DALLAS - ATI Inc. (NYSE:ATI) announced today that Rob Rengel will join the company as Vice President of Investor Relations, effective June 22. Rengel will replace David Weston, who retires on July 3, according to a press release statement.
Rengel will report to James R. Foster, Senior Vice President - Finance and Chief Financial Officer, and will work with ATI’s business leaders and the investor community.
Rengel joins ATI from Caterpillar Inc., where he served as Senior Director of Investor Relations. He spent 19 years at Caterpillar in various finance leadership positions, including roles in corporate financial planning and analysis, treasury, debt capital markets, risk management and dealer finance. He holds a Juris Doctor from American University Washington College of Law and a Bachelor of Science in Business Administration in Finance and Economics from Saint Louis University.
Adam Pechart has returned to the ATI Investor Relations team as Director of Investor Relations. Pechart previously served as Manager of Investor Relations, Treasury and Risk Management from 2018 to 2022, and most recently led financial planning and analysis for ATI Forged Products.
ATI produces materials and solutions for aerospace, defense and specialty energy markets. The leadership transition comes as the company trades with a market capitalization of $24.22 billion and has delivered a strong 111% return over the past year. According to InvestingPro, ATI maintains a "GREAT" financial health score and is one of over 1,400 US equities covered by comprehensive Pro Research Reports, offering investors detailed analysis beyond standard metrics.
In other recent news, ATI Inc. reported its first-quarter 2026 earnings, revealing a mixed financial performance. The company exceeded earnings per share (EPS) expectations with a result of $1, surpassing the forecasted $0.88, which represents a 13.64% surprise. However, revenue did not meet projections, coming in at $1.15 billion compared to the anticipated $1.19 billion. Additionally, ATI Inc. announced the pricing of a $450 million senior notes offering due in 2033, with a 5.875% interest rate to be paid semi-annually. This move is part of the company’s strategy to refinance debt, as ATI plans to use the proceeds to redeem its outstanding 5.875% Senior Notes due 2027. Any remaining funds from this offering will be allocated for general corporate purposes. These developments illustrate ATI’s ongoing financial maneuvers and strategic decisions.
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