Kaman Corporation announced that Neal J. Keating, Chairman of the Board of Directors of Kaman, retired from the Board of Directors at the company’s 2021 Annual Meeting of Stockholders on April 14, 2021, in accordance with the previously announced transition plan. Upon Mr. Keating’s retirement, the Board appointed Kaman President and Chief Executive Officer, Ian K. Walsh, as Chairman. Neal Keating has served Kaman Corporation as the Chairman of the Board for over 13 years. During his time with the company, Kaman has grown, evolved, and established itself as a leading manufacturer of engineered products serving aerospace & defense, industrial and medical end-markets. Mr. Keating has spearheaded both organic growth and acquisitions such as Bal Seal Engineering, which enhanced profitability and helped to solidify the foundation for future growth. Mr. Keating also led the company through the sale of its former distribution business. With Mr. Keating’s retirement, Ian K. Walsh will jointly serve as Chairman of the Board of Directors, President and Chief Executive Officer. Mr. Walsh has served as Kaman’s President and Chief Executive Officer since joining the Company on September 8, 2020. In addition to Mr. Keating’s retirement, Kaman also announced the retirement of two its long-standing Board members, Karen Garrison and Tom Rabaut who together have given a combined 28 years of service to Kaman. With the retirement of Ms. Garrison, Kaman also announced that Jennifer Pollino, who joined the board in 2015, will assume the role of Lead Independent Director. Ms. Garrison has been a director since 2006 and most recently served as Lead Independent Director. She is a retired President of Pitney Bowes Business Services and served in that role from 1999 until her retirement in 2004. Mr. Rabaut has been a director since 2008. He currently serves as an Operating Executive at The Carlyle Group, a global private equity firm, where he has been working since January 2007.