Carpenter Technology Corp. announced that Tony R. Thene has been selected as the company's Senior Vice President & Chief Financial Officer, effective from January 31, 2013. Mr. Thene replaces K. Douglas Ralph, who announced in September 2012 that he will leave the company.

Mr. Ralph will be involved as needed in an advisory capacity during Mr. Thene's transition. Mr. Thene will join the company after 23 years with Aloca Inc. He is currently the Chief Financial Officer for Alcoa's Engineered Products and Solutions business.