James Coogan, senior vice president and chief financial officer of Kaman Corp will step down from his role as the chief financial officer, effective August 28, 2023. Carroll Lane, senior vice president, Kaman Corporation and segment lead of Engineered and precision product will serve as interim chief financial officer till a permanent successor is appointed.
Prior to joining Kaman in July 2022, Lane served as president of commercial engines at Pratt & Whitney. He led the development, program management, and aftermarket operations of the company’s portfolio of large commercial engines.
Before leading Pratt & Whitney’s Commercial Engines business, Lane served in positions of increasing responsibility with UTC, including vice president of investor relations, vice president of Pratt & Whitney’s Commercial Engines Aftermarket organization, and as a corporate strategy executive.
Coogan is departing Kaman to pursue another opportunity outside the aerospace industry, will remain with the company until October 23, 2023 to ensure a smooth transition.
Ian Walsh, president and chief executive officer, Kaman, said: “Over the past 15 years, Jamie has played an important role leading our finance, treasury and M&A teams while also helping execute our transformational strategy. His insights, commitment to excellence and financial discipline have contributed to the Company’s success. Jamie leaves behind an effective and strong finance organization, and on behalf of the Board and management team, I wish him well in his future endeavors.”
Coogan added: “It has been a pleasure to be a part of such an incredible organization. I want to express my gratitude for the support of my colleagues during what has been a transformative time for Kaman. While I’m moving on, I will be eagerly following the company’s continued success. I am committed to ensuring a smooth transition and have full confidence in Kaman’s prospects for sustainable growth and value creation.”
Kaman has initiated a comprehensive search to identify the company's next chief financial officer with the assistance of an executive search firm.