Julie Beck
CARPENTER TECHNOLOGYAbout Julie Beck
Julie A. Beck (age 63) joined Carpenter Technology’s Board in February 2025 and is classified as an independent director; she serves on the Corporate Governance, Human Capital Management, and Strategy Committees . She is currently Senior Vice President, Chief Financial Officer and Treasurer of MSA Safety Incorporated (since August 2025), and previously served as CFO of Terex (2022–Feb 2025) and NOVA Chemicals (2016–2021); she began her career at Deloitte, is a CPA, and holds a bachelor’s degree in Accounting from the University of Wisconsin–Madison . The Board determined she qualifies as independent, with no related-party transactions or appointment arrangements disclosed .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| MSA Safety Incorporated | SVP, Chief Financial Officer & Treasurer | Aug 2025–present | Senior finance leadership at a public industrial safety company |
| Terex Corporation | SVP, Chief Financial Officer | Jan 2022–Feb 2025 | Led finance at global equipment manufacturer |
| NOVA Chemicals | SVP, Chief Financial Officer | 2016–2021 | Public-company CFO driving operational and financial execution |
| Joy Global / Joy Mining Machinery | Global VP Supply Chain, Operational Excellence & Quality; CFO (subsidiary) | Not disclosed | Operational transformation and subsidiary-level CFO responsibilities |
| Journal Register Company | CFO | Not disclosed | Media sector finance leadership |
| Norwood Promotional Products | CFO | Not disclosed | Consumer products finance leadership |
| Deloitte & Touche | Started career | Not disclosed | Audit/finance foundation; CPA |
External Roles
| Company/Organization | Role | Start Date | Notes |
|---|---|---|---|
| RPM International Inc. | Independent Director | Apr 2025 | Public board service with audit experience |
| MSA Safety Incorporated | SVP, CFO & Treasurer | Aug 2025 | Operating executive role at a public company |
Board Governance
- Independence: The Board determined Beck is independent under SEC and NYSE standards .
- Committee assignments: Corporate Governance, Human Capital Management, Strategy (no chair roles) .
- Attendance and engagement (FY25): Each director attended at least 75% of meetings; directors attended all Board meetings and 99% of Committee meetings; independent directors held five executive sessions .
- Board composition and leadership: 11 of 12 directors were independent in FY25; roles of Chair and CEO were combined effective immediately before the 2025 Annual Meeting with a Lead Independent Director appointed .
| FY25 Board Activity | Count / Rate |
|---|---|
| Full Board meetings | 5 |
| Audit/Finance Committee | 10 |
| Corporate Governance Committee | 5 |
| Human Capital Management Committee | 6 |
| Science, Technology & Sustainability Committee | 5 |
| Strategy Committee | 5 |
| Executive sessions (independent directors) | 5 |
| Average director attendance | 99% (committee meetings) |
Fixed Compensation
| Element | FY25 Program Terms | Notes |
|---|---|---|
| Annual Board Retainer (non-chair) | $150,000 (50% cash / 50% stock units) | Directors may elect higher stock unit portion; excess units fully vested at grant |
| Board Chair Retainer | $220,000 (50% cash / 50% stock units) | FY25; role later combined with CEO |
| Committee Chair Retainers | Audit/Finance $25,000; Human Capital $17,500; Governance/Strategy/STS $15,000 | Cash |
| Annual Stock Options | $35,000 (non-chair); $60,000 (chair) grant-date value | 10-year term; annual awards vest at first anniversary |
| Annual Non-Retainer Stock Units | $60,000 (non-chair); $110,000 (chair) grant-date value | Annual awards vest at first anniversary |
| Initial Director Stock Option Grant | Up to 4,000 options upon joining | Vests in 4 equal annual installments |
| Deferral | Cash and stock units deferrable; interest credited on cash deferrals; stock unit deferrals deliver in shares | |
| Change-in-Control | All units vest; options become immediately exercisable | No option repricing without shareholder approval |
| Julie Beck – FY25 Director Compensation | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash | $27,072 |
| Stock Awards (stock units) | $82,788 |
| Option Awards | $445,874 (4,000 initial + 202 annual options) |
| Change in pension value/deferral earnings | $0 |
| All Other Compensation | $80 |
| Total | $555,814 |
Performance Compensation
- Director pay is not tied to financial performance metrics; equity awards use time-based vesting and standard change-in-control acceleration .
- Detailed grant and vesting:
| Grant Date | Award Type | Quantity | Grant-Date FV ($) | Vesting Terms |
|---|---|---|---|---|
| Feb 20, 2025 | Director Stock Units | 398 | $82,788 | Fully vests on first anniversary, subject to service |
| Feb 20, 2025 | Annual Stock Options | 202 | $21,434 | Fully vests on first anniversary; 10-year term |
| Feb 20, 2025 | Initial Stock Options | 4,000 | $424,440 | Vests 25% annually over 4 years; 10-year term |
Other Directorships & Interlocks
| Company | Role | Committee Roles | Potential Interlocks / Notes |
|---|---|---|---|
| RPM International Inc. | Independent Director | Not disclosed | Public board service; no CRS-related party transactions reported |
| MSA Safety Incorporated | Operating executive (SVP, CFO & Treasurer) | N/A | Board affirmed independence; no related party transactions with CRS |
Expertise & Qualifications
- CFO expertise, operational manufacturing, strategy, and international experience; significant public board/audit committee experience .
- CPA; bachelor’s degree in Accounting (University of Wisconsin–Madison) .
Equity Ownership
| Holding Category | Quantity | Status / Notes |
|---|---|---|
| Beneficially owned CRS shares | 0 | |
| Director stock units credited | 398 | |
| Options outstanding (total) | 4,202 | |
| Options exercisable within 60 days | 0 | |
| Shares and units beneficially owned (sum) | 398 (0.0% of outstanding) |
- Director Stock Ownership Policy: Non-employee directors must hold equity equal to at least 6x annual cash retainer; five-year phase-in; as of June 30, 2025, all current non-employee directors satisfy or are on track to meet the requirement .
Governance Assessment
- Board effectiveness: Beck adds deep CFO and operational expertise to key governance committees (Corporate Governance, Human Capital Management, Strategy), strengthening oversight of succession, compensation design, and strategic capital deployment .
- Independence and conflicts: The Board affirmed independence; no arrangements, family relationships, or related-party transactions; CRS reported no related-party transactions in FY25 .
- Alignment and incentives: Mix of cash and equity, initial option grant, annual options/units, deferral features, and robust ownership guidelines support alignment; no tax gross-ups, no option repricing without shareholder approval, and anti-hedging/pledging policy for NEOs reinforce shareholder-friendly posture .
- Attendance and engagement: Board and committee activity was robust, with high attendance (directors attended all Board meetings; 99% committee meetings); independent directors held five executive sessions in FY25 .
- Shareholder confidence signal: Say-on-pay support averaged ~99% (2022–2024), indicating strong investor endorsement of compensation governance .
RED FLAGS
- None disclosed: independence affirmed; no related-party transactions; strong director ownership policy and shareholder-friendly compensation practices (no gross-ups, no repricing) .
Shareholder Feedback Context
- Advisory say-on-pay approval: 99% in 2024; 98–99% in 2022–2023; three-year average ~99% .