Hexcel Corporation announced that Executive Vice President and Chief Financial Officer Wayne Pensky intends to retire on December 31 after more than 24 years with the company. The company's Board of Directors appointed Patrick Winterlich to succeed Mr. Pensky as Executive Vice President and Chief Financial Officer, effective September 1 when Mr. Pensky will transition into the role of Special Advisor to the Chief Executive Officer. Mr. 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.

Prior to Hexcel, he held various finance roles at Courtaulds. He has a degree in accounting and financial analysis from Warwick University and is a member of the Chartered Institute of Management Accountants.