Haynes International, Inc. Announces Election of New Member of Board of Directors and Planned Retirement of a Director

KOKOMO, Ind., Dec. 23, 2019 (GLOBE NEWSWIRE) -- Haynes International, Inc. (NASDAQ GM: HAYN), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, primarily for use in the aerospace industry and other industrial applications (the “Company”), announced today that the Board of Directors of the Company voted to elect General Larry O. Spencer, USAF (Ret.) as a member of the Board of Directors, effective January 1, 2020.  The Board of Directors also announced that John C. Corey, a member of the Board, has announced his intent to retire from the Board on February 25, 2020 coincident with the Company’s annual general meeting of stockholders and in adherence to the Company’s retirement age guideline for directors.     

General Spencer spent 44 years in the United States Air Force (USAF), retiring as a four-star general in October 2015. General Spencer served as Vice Chief of Staff of the USAF and served as a member of the Joint Chiefs of Staff Requirements Oversight Council and Deputy Advisory Working Group. He assisted the Chief of Staff with organizing, training, and equipping of 660,000 active-duty, Guard, Reserve and civilian forces serving in the United States and overseas.  General Spencer served as President of the Air Force Association from April 2015 to March 2019.

General Spencer was commissioned through Officer Training School in 1980 as a distinguished graduate. He commanded a squadron, group and wing, and was Vice Commander of the Oklahoma City Air Logistics Center, which provides maintenance, repair and overhaul services. He served as the Chief Financial Officer and then Director of Mission Support at a major command.

He received his Bachelor of Science degree in industrial engineering technology from Southern Illinois University, Carbondale. General Spencer has a Master of Science degree in business management from Webster College, and a Master of Science degree in industrial resource strategy from the National Defense University.

General Spencer currently serves as a director of the Whirlpool Corporation and is a member of its finance committee and the corporate governance and nominating committee. He also serves as a director of The Triumph Group where he serves as Chairman of the governance and nominating committee and as a member of the audit and finance committees.

“We are extremely pleased to have Larry joining our Board of Directors and know that his tremendous leadership skills, corporate board experience, and knowledge of aerospace and the defense industry will benefit the Board and our shareholders,” said Robert H. Getz, Haynes’s Chairman of the Board.   Mr. Getz also stated, “On behalf of the Board and the Company, I would like to thank John Corey for his dedicated service and leadership on the Board of Haynes and wish him well in his future endeavors.”