Hexcel Corporation’s executive vice president and chief financial officer Wayne Pensky intends to retire at the end of the year after more than 24 years with the company.

‘Wayne has made innumerable contributions at Hexcel,’ said Hexcel chairman, CEO and president Nick Stanage. ‘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 has appointed Patrick Winterlich to succeed Pensky from September when the latter will transition into the role of special advisor to the chief executive officer.

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. 

This story is reprinted from material from Hexcel, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.