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April 15, 2021

Kaman CEO Walsh takes on board chairman role; retired Keating ends board rein

Photo | HBJ File Neal Keating
By Sean Teehan

Bloomfield aerospace and medical device manufacturer Kaman Corp. announced CEO Ian Walsh will become chairman of its board, replacing Neal Keating, who is retiring.

Keating became CEO and board chair at Kaman about a year after he joined the company in 2007 as chief operating officer. He retired as CEO last September. Walsh, who served as an officer and naval aviator in the U.S. Marine Corps before his career as a manufacturing executive, began his role as Kaman's CEO in September.

"With Ian as chairman... the company will continue to benefit from a strong foundation," Keating said.

The chairman change isn't the only shake-up; board member Jennifer Pollino will assume the role of lead independent director, Kaman said. Additionally, board members Karen Garrison and Tom Rabaut, who have served on the board since 2006 and 2008, respectively, will retire.

In February Kaman posted a $69.7 million loss for 2020, largely driven by the COVID-19 pandemic's continuing effects on the commercial aerospace industry. 

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