USA Rare Earth announced the completion of its CEO succession plan on October 1, 2026, with Thras Moraitis assuming the role from outgoing CEO Barbara Humpton. Moraitis previously served as President and will lead the Upstream business unit, while Chaitan Kansal leads Midstream and David Bushi leads Downstream. The company reorganized into three decentralized business units to accelerate integration and execution across its global rare earth supply chain, which includes assets in Brazil, Texas, Colorado, the UK, and the US. USA Rare Earth operates as an integrated rare earth and advanced materials company.
